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Real Estate Ground broken in Argyle

Ground broken in Argyle

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

 

The Oaks of Argyle rendering

Fort Worth developer James R. Harris Partners LLC (JRH Partners) has broken ground for The Oaks of Argyle, a $55 million neighborhood of single-family custom homes in Argyle. Located 28 miles north of downtown Fort Worth between Alliance and Denton, the 40-acre development lies at the end of Cook Street, east of Texas 377 and adjacent to Argyle High School. It will include 107 home sites and eight acres of park land. Homes priced from $400,000 will be built on approximately one-quarter-acre lots. The development will be completed in two phases. “Construction of 50 homes in the first phase is expected to start this fall,” said Justin Welborn, managing partner of The Oaks of Argyle and a partner in JRH Partners. The neighborhood is in a wooded area with park land planned to include walking paths, seasonal creeks, natural play structures, post oaks and prairie grasses. The eight acres of open space represent 20 percent of the development, which is twice the town of Argyle’s requirement. “Our intent is to leave the land in its native form as much as possible,” Welborn said. There are currently 2,400 post oak trees on the property. The homebuilders may remove trees from the footprint of the main structure and the driveway, but they must adhere to Argyle’s mitigation policy regarding removal of additional trees from a home site. Thus far, the builders include Village Homes, Bannister Custom Homes, Noble Classic Homes, Hamilton Homes and Craftsman Village Homes. Welborn expects to add more qualified builders to meet the anticipated demand. JRH Partners purchased the land from The Miles Foundation of Fort Worth, which was represented by Mike Ball of Mike Ball Realty Corp. of Fort Worth. JRH Partners represented itself. No financial details were disclosed. Frost Bank and The Miles Foundation are providing development financing. “The foundation looks to partner with people who have high standards and take pride in their work,” said Grant Coates, CEO and president of The Miles Foundation. “In this case, we tried to find a developer that could deliver the type of quality project that Argyle deserves, and we felt JRH Partners was the right choice. People are looking for a high-quality development in Argyle, and we believe there’s a market for beautiful custom homes on smaller tracts.” Founded in 1997, The Miles Foundation works to honor the legacy of its founder, Ellison Miles (1918-2004), through the support of charitable organizations across North Texas. Miles demonstrated a passion for giving back throughout his life, and the foundation remains focused on furthering his philanthropic efforts. The general contractor is Conatser Construction, Fort Worth; the civil engineer is Baird, Hampton and Brown, Weatherford; and the landscape architect is Design Workshop, Austin. www.theOaksofArgyle.com  

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