Dallas-based investment company Leon Capital Group, which would be developing the community, is looking to have the property rezoned from its current agricultural uses to single-family uses. This would be the company’s first single-family project in McKinney, Leon Capital representative Rich Darragh said at the meeting.
The request to rezone the 22.9-acre plot of land received preliminary approval from the McKinney Planning and Zoning Commission during a March 10 meeting. Only about 16 acres are able to be developed on due to a flood plain on the property, Darragh said.
The neighborhood is planned to offer 72 homes on lots 50 feet wide and 100 feet deep, according to details filed with the city, and it will also include a natural hike and bike trail in the flood plain located just north of the community.
The large lot sizes will allow for homes with larger footprints and can be priced higher, Darragh said.
Commissioners unanimously approved the item, with the exception of Commissioner Bry Taylor who abstained himself from voting on the item.
McKinney City Council will consider a final approval of the rezoning during an April 7 meeting.