Saturday, September 18, 2021
89.2 F
Fort Worth

Hanover Property plans $300M Fort Worth residential development

🕐 1 min read

A. Lee Graham

lgraham@bizpress.net

Hanover Property Co. of Dallas has snapped up 358 acres at FM 156 Blue Mound Road and U.S. 287 in North Fort Worth for a $300 million, master-planned development. Berkshire, as the community will be known, will offer 750 single-family homes, with 282 homes on 50- and 60-foot lots planned for the first phase. Groundbreaking is set for later this month. Builders include Highland Homes, American Legend Homes, Ashton Homes and K. Hovnanian Homes, with residences priced between the low $200,000s and mid-$300,000s.

“Berkshire will offer an excellent opportunity for first- and second-move up households that are seeking a family-oriented neighborhood at an affordable price in North Fort Worth,” said Ted Wilson, principal with Dallas-based new home research firm, Residential Strategies Inc. Anchoring the development will be a resort-style amenity center featuring an open-air clubhouse, swimming pool and splash pad. Plans also include a trail system, five-acre pond and open green space, as well as a playground.

The first phase of lots will be available in spring 2015, with model homes to open soon after that, according to Hanover Property officials. The master plan spans 30 acres of commercial and 17 acres of multifamily property. Financing the project will be Texas Capital Bank, with Hanover working with Jacobs Engineering to develop the site plan, as well as Mesa Design Group.  

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.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate