Text/HTML

Enter Title

News & Events

Blog

 
     

Construction gets underway on homes in Petro-Hunt’s $1B Forney community

Construction has begun on the initial phase of single-family residential homes in Forney's long-awaited Gateway Parks, a $1 billion, 2,000-acre master-planned community that will bring 1,850 home lots to the North Texas suburb.

"We are just getting started on the residential part of this big master-planned development," Alan Bain, vice president of real estate development for Dallas-based developer Petro-Hunt LLC, told the Dallas Business Journal.

"We will have 440 home lots in the first phase and hope to have them done by August of this year," said Bain, who added that he hasn't partnered with any homebuilders yet on the home lots.

Construction begins on next phase of 2,000-acre community in Forney

Developers have begun construction on the southern portion of a 2,000-acre master-planned residential community in Forney, which will bring 1,840 homes to the area.

Gateway Holdings LP has started construction on the second phase — a 540-acre tract on the south side of State Highway 80 within the master-planned community known as Gateway.

Once the single-family homes are underway, the development group's vice president Alan Bain said the developer will begin work on the commercial and retail portions of the project.

Gateway residential community project to transform Forney

Developers have kicked off construction on a major residential community just east of Dallas, hoping to hitch a ride on demand for moderately priced new homes.

The 1,850-home Gateway Parks project on U.S. Highway 80 in Forney is the biggest section yet in a larger development in the works for more than a decade.

The 2,000-acre community will contain everything from apartments and shopping centers to offices and single-family homes. It’s being built by an investment company owned by Dallas’ Hunt family.

New Forney bridge set to foster major developments

Dallas oilman W. Herbert Hunt is building a bridge.

So far his project hasn’t attracted nearly as much attention as the one named for his late sister, Margaret Hunt Hill.

But just like that Dallas landmark, Hunt’s project — on U.S. Highway 80 east of Dallas — is expected to spur development in a large area.

Forney officials anticipate that construction of the six-lane bridge over U.S. 80 and railroad tracks will open up more than 2,200 acres on the town’s east side for development.

Forney sees promise with bridge on horizon

Construction is set to begin in May on a new bridge in Forney that will open more than 2,000 acres of undeveloped land for commercial and residential construction.

W. Herbert Hunt, the City of Forney and the Regional Transportation Council are contributing to a public-private partnership to build the Gateway Bridge over U.S. Highway 80 and the Union Pacific railroad.

The bridge is part of a $26 million, 2.2-mile Gateway Boulevard project that will serve as an eastern loop for Kaufman County and will create an intersection with U.S. Highway 80 ripe for retail and multi-use development, backers say.