Master-Planned Development will deliver high-quality housing, economic growth
DALLAS–(BUSINESS WIRE)–Hillwood Communities, a Perot company, will host the groundbreaking of the Lilyana property at 9 a.m. Thursday, July 28, 2016 kicking off what will be the newest master-planned development in Celina, Texas.
Groundbreaking of @HillwoodComm Lilyana property, kicking off newest master-planned development in Celina, TX
Celina Mayor Sean Terry and Hillwood Communities executives – including President Fred Balda and SVP Elaine Ford – will be available for interviews and photos at the event.
The 400-acre tract at the northeast corner of FM 1461 (Frontier Parkway) and Coit Road, in Celina, is approximately 10 miles north of Frisco and the area known as the $5 Billion Mile. Hillwood acquired the land from the Wells family (owners of the property since before the Civil War) in 2015.
The $500 million project will entail a master-planned community of 1,250 single-family homes featuring resort-style amenities and a linear park with an amenity center including a resort style pool, pavilion and outdoor kitchen. It will also include 63 acres of green space with multiple community parks and several miles of trails. The new community will be served by Prosper ISD.
The first phase of homes will be completed in Spring 2017. The transaction of the land was conducted between Hillwood Communities and the Wells sisters, Marianne Wells, Katherine Wells Power, Nancy Wells Warder and Sarah Wells Macias.
“The aesthetics with which our property would be developed was of utmost importance to us,” said Marianne Wells. “We felt a responsibility to the community and wanted to partner with someone who is sensitive to the features of the land in its natural state and to its history. That is why we chose Hillwood.”
The new community will be built using Hillwood’s LiveSmart principles: Sense of Community, Technology, Healthy Living, Environmental Stewardship and Education & Enrichment.
“Celina is a booming city in North Dallas, and we are excited to partner with them and local vendors to bring jobs and businesses along with more residents here,” said Elaine Ford, senior vice president, Hillwood Communities. “The groundbreaking of Lilyana is an exciting step for us, and we look forward to beginning the development of a first class community for potential residents.”
The expected price of homes will average high $300,000s and the builders are Highland Homes, David Weekley Homes, CalAtlantic Homes and American Legend Homes.
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master planned communities. From single-family homes to high-end luxury vacation residences, Hillwood’s residential communities embrace the company’s LiveSmart principles, creating a sense of community while integrating technology, healthy living, environmental stewardship and education.
Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, to the Perot Museum of Nature and Science and the American Airlines sports arena in Dallas. For information, please visit www.hillwood.com.
Public Strategies, Inc.
Fatima Ali, 214-212-6449
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