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Growth spurt: Light Farms development could dramatically increase Celina population
A new master-planned community with the potential to significantly increase the local population will see its first homes and residents next year.
Republican Property Group will turn lots at Light Farms, an 806-acre development that could eventually be home to more than 8,000 people, over to developers in the spring.
Light Farms will be about four miles north of U.S. Highway 380 along the future route of the Dallas North Tollway in an area known as the “Golden Corridor,” where growth in the area has been strong in recent years, said Lauren Parsons, RPG director of marketing.
The project remained in planning stages for several years because of poor economic conditions, but its recent progression dates back to a May groundbreaking attended by Celina and Prosper city officials.
Two restored 182-year-old barns from upstate New York have since been transported to the community, and they will be incorporated into the development's amenities and sales center, according to RPG’s website.
Light Farms will be within Celina's extraterritorial jurisdiction but will be a part of Prosper ISD. The community is in close proximity to Prosper High School and will be home to a new elementary campus that will open in 2014, Parsons said. There is also more land in the community that could be used for additional schools.
Homes in the development will be built on 50-, 60- and 70-foot lots. Model homes are planned for completion in the spring and the pre-sale of homes will begin around the same time. The community's visitors center will open in March, and future amenities will include a 102-acre park, lakes, hike-and-bike trails and neighborhood parks.
The first phase of a projected 10-year development will include the building of 229 homes. LionsGate Homes is among the builders taking part in this phase, and demand for the homes in the community is high, according to company president Larry Craven.
“We're already getting inquiries,” he said.
LionsGate will be building homes on the development's 50-foot lots with a tentative price range between $200,000 and $300,000, though the company won't officially set its prices until about two months before homes open. The increasing cost of materials and labor make it difficult to establish a price at this point, Craven said.
LionsGate will be offering four different homes with three to four different styles per plan. The lots will be released and the construction of homes will begin in April, and it will take between 90 and 120 days for them to be completed.
The first of a potential 2,700 families could move into Light Farms in August.