McKinney | July 2022

2022 REAL ESTATE EDITION

CRAIG INTERNATIONAL TOWNHOUSES

• Units: TBD • Price range: TBD • Status: in planning • Website: N/A

CYRENE AT PAINTED TREE

Luxe of McKinney is bringing single- family homes for rent to the city.

• Units: 304 • Price range: TBD • Status: under construction; set to be leased in 2023 • Website: www.curvedevelopment.com/ projects/cyrene-paintedtree

LUXE OF MCKINNEY

• Units: Unknown • Price range: $1,489-$3,729, deposits of $200-$600 • Status: Leasing later this summer • Website: www.luxemckinney.com

Welcome Back students & teachers!

THE MANSIONS OF PROSPER

8401 Idyllic Place

Spend life

• Units: Unknown • Price range: $1,527-$3,626/ month, deposits of $200-$600 • Status: now leasing • Website: www.mansionsprosper.com

• Units: 128 • Price range: TBD • Status: under construction; leasing to begin in 2023 • Website: www.hansoncapitalgroup.com LEGACY AT MCKINNEY Legacy at McKinney will have 128 houses for rent.

learning.

MCKINNEY MEDICAL VILLAGE

Spending Life Wisely means taking small steps towards a life of love and impact. And we’re here to inspire and empower you along the way with information that educates, empowers, and inspires each person to reach their highest purpose and realize their greatest success.

• Units: 212 • Price range: TBD • Status: under construction • Website: www.newgrowthliving.com • Units: 78 • Price range: TBD • Status: planning • Website: N/A PITTS DEVELOPMENT 11 • Units: 241 • Price range: TBD • Status: under construction • Website: www.stillwatercap.com/ properties STORYBROOK 12 Developers predicted that more cottage multifamily projects will be built, not just in McKinney, but throughout the region. “The reality is I think this is some- thing long-term that’s going to be around probably for the foreseeable future,” Woliver said.

said. The second project he voted for was Avanterra Lake Forest in late June, consisting of 123 duplex units at the future Collin McKinney Parkway extension and Lake Forest Drive. Cloutier said if more of these proj- ects come to council he would like to see an option for people to purchase them and build equity, like the Craig International project. McKinney resident Lisa Turner said rental communities like Avanterra Lake Forest create problems precisely because they don’t allow the resident to build equity. “All of that [money] is going to go out of state, and the rent will be so high that [the renter] will never be able to save and own a home of their own,” she said. However, Jennifer Glaze, another McKinney resident, said a rental home community could be a good option for her. With two HOA fees on her aging home, she said she wants to be able to get more for her money. “I’m in my 50s, and I don’t want to have to do landscaping,” she said. “It looks like they had some really good amenities.”

McKinney Craig Ranch 6401 S. Custer Rd. McKinney, Texas (972) 569-8301

McKinney Redbud 1700 N. Redbud Blvd. McKinney, Texas (972) 548-3010

FirstUnitedBank.com

For more information, visit communityimpact.com .

Member FDIC.

MCKINNEY EDITION • JULY 2022