The Plano Planning and Zoning Commission approved a site plan to develop 40 single-family townhomes near the intersection of Coit and McDermott roads on Monday evening.

The 5.4-acre plot of land is a new housing project by Carl Franklin Homes, Plano Planning Director Christina Day said.

Carl Franklin Homes President Steve Brown said he hopes to begin utility and road construction by September and home construction by the end of 2017.

Future residents can expect to begin moving into the townhomes in late 2018, Brown said. The community will be called Veranda Townhomes.

Carl Franklin Homes is a North Texas-based housing development company that specializes in building energy-efficient homes.