McKinley Development Co. plans to break ground on a new mixed-use community on 615 acres in Cleveland, Texas, about 45 miles northwest of Houston, reports Paul Takahashi of the Houston Business Journal.
The Texas-based development company is backed by the Yihai Group – the largest residential developer in Liaoning, a northeast province of China. The Yihai Group began expanding its investments to North America and Europe earlier this year.
The plans are still being finalized for the site but preliminary plans call for 1,400 single-family homes, 240 apartments, 240 condominiums as well as commercial office, and retail space anchored by a nine-hole golf course, according to David Nemeth, manager of McKinley Development Co.
McKinley Development Co.’s home building division, McKinley Home Builders, plans to offer three tiers of homes ranging from starter homes to custom luxury homes, Nemeth said. Homes will range in size from 1,800 to 3800 square feet and in price from $200,000 to $500,000 and up, he added.
Nemeth’s company plans to break ground on the new community in mid-2017.