A community 20 miles east of Dallas will soon be transformed as construction on the 1,850-home Gateway Parks project in Forney is now underway, reports Steve Brown of The Dallas Morning News.
The project is the biggest section of a 2,000-acre community that will, when completed, contain apartments, shopping centers, offices, and single-family homes. It’s been in the works for more than a decade and is being built by an investment company owned by Dallas’ Hunt family.
Homes in the Gateway Parks residential community will start between $200,000 and $300,000. That’s the price range where there is the most demand for new construction, analysts say.
“There is strong interest from buyers looking for new homes priced under $300,000,” said David Brown with MetroStudy Inc. “That’s an opportunity for Forney and Kaufman County.