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Real Estate Development with more than 2,000 homes begins in North Fort Worth

Development with more than 2,000 homes begins in North Fort Worth

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The development team behind Aledo’s Morningstar master-planned community are starting work on another massive project: Northstar, in north Fort Worth.

The 750-acre development at U.S. Highway 287, north of Avandale Haslet Road, will eventually offer 2,200 homes with 410 lots expected to be ready for homebuilders by Q4 2019.

In building Northstar, the Development Partnership wants to apply the tools that made Morningstar, its most recent MPC, so attractive to homebuyers. “We’ve been successful with Morningstar, we’ve not wavered from our original offering, and are pleased to provide Fort Worth residents with a community they can be proud of. We’re ready to do it again,” said Tim Fleet, Partner of both Morningstar and Northstar Development Teams.

Fleet and partner Kim Gill began developing the 732-acre, 2,300-home Morningstar in Aledo in early 2015, with an eye toward affordability, value and exemplary schools. The development, due west of Fort Worth, is served by the Aledo Independent School District, with homes priced between $250,000-$450,000. “We felt those home prices were achievable for the average young family,” said Kim Gill, partner of the Morningstar & Northstar Development Team.

Northstar is situated northwest of Fort Worth, with the same focus on affordability, resident satisfaction, and education. The new development is in the Northwest Independent School District, with home price points starting in the low $200,000.

Also taking a page from the Morningstar development, Northstar will have amenities that include multiple pools, playgrounds, nature trails, and indoor resident facility which houses offices, game rooms and space for additional, planned events. Morningstar has a sizeable indoor amenity center, two resort-style pools, splash pad, playground, soccer field, and an on-site lifestyle director. In addition to planning events, the lifestyle director is the liaison between Morningstar residents and the Development Team. “We listen to what the residents want and accommodate them when we are able,” Gill said. At completion Morningstar is set to have 2.5 miles of trails which connect residents to homes, amenities, and preserved green spaces and parks.

Morningstar delivered its first lots in late 2016. Home sales in 2018 average over 20 per month; 430 homes have been built so far. Fleet said an additional 832 lots are on the ground and ready for build-out. “With over 200 annual starts per year, MorningStar has demonstrated that there is a strong appetite for the master-plan lifestyle in Aledo ISD,” said Ted Wilson, principal at Residential Strategies.

Northstar will be easily accessible via Northstar Parkway, a new east-west road that will connect the development directly with SH 287. Gill said the Texas Department of Transportation approved the road.

With Morningstar, the Development Team has been able to take advantage of growth spreading from Fort Worth. The same philosophy holds true for Northstar, which is within easy driving distance of Fort Worth and AllianceTexas. “Much like we’ve done with Morningstar, we’re offering a quality option for people who work in and around Fort Worth, who want quality schools, a community derived of thoughtful planning, and home prices that allow families to live comfortably,” Fleet said.

Wilson said the Highway 287 Corridor in Northwest Fort Worth is one of the most active submarkets in DFW, yielding over 1,500 new home starts and closings per year.

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