Painted Tree’s master-planned community spans over 1,100 acres north of US 380 near Lake Forest Drive in McKinney and will include 3,400 homes ranging from single-family detached to townhomes and semi-custom homes, according to a news release. Amenities will include 25 miles of looped paths and trails, a 20-acre lake, pools and parks.
In August, Avanta Residential, the single-family rental affiliate of Hunt Companies Inc., announced that it had purchased 27 acres of land in Painted Tree to develop a build-to-rent neighborhood. This neighborhood within Painted Tree will be called Avendale, officials said. Amenities at Avendale will include a leasing center, a club room, a fitness center, a covered outdoor great room, a yoga lawn and a swimming pool with cabanas.
“We have worked very hard with the planning department within the city of McKinney to design a new kind of neighborhood,” Avanta President Jim Dobbie said in a statement. “Avendale will have a sense of place, generating a warm and inviting feel from the moment you arrive. All of our design elements are planned to create a tight-knit sense of community where our residents will love where they live.”
Floor plans for Avendale are currently in development. Avanta expects to deliver the homes in mid-2023, officials said.
The first homes of Painted Tree are expected to be available in 2022.