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Old Posted May 9, 2016, 9:51 PM
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Job growth fueling development of 550 luxury apartments at Craig Ranch in McKinney
Candace Carlisle
May 9, 2016



Quote:
Dallas-based development group SWBC Real Estate LLC plans to get underway on a $85 million development in Craig Ranch in McKinney, which will bring 550 apartments homes to this part of the region.
Quote:
The firm recently acquired 9.3 acres of land within Craig Ranch, a 2,200-acre master-planned community for the new development, which is being dubbed Central Park at Craig Ranch.

Gwin said the development group wanted to acquire land in the 121 corridor because of the nearly 50,000 jobs being created or moved to this corridor in the next 18 months.
Quote:
The initial phase of the two-phase apartment project — about 270 apartments — is expected to get underway by the end of the year. Construction is slated to be complete in the second quarter of 2018.
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