Richardson | May 2026

Real estate

BY ISABELLA ZEFF

A residential neighborhood of 40 single- family homes is on track for development in Richardson after the City Plan Commission recommended approval for a rezoning request April 21. The development would replace the Cottonwood Creek Healthcare Community, a decommissioned nursing home. Developer Caldwell Residential plans to raze the nursing home building and construct Greenwood Park, a development of 40 single-family homes around a centrally located neighborhood park. Caldwell also developed Mimosa Place in Richardson and is currently developing Greenwood Square, a similar neighborhood across the street from the site. “I believe that this site, the highest and best use of that today, is a high quality, thoughtfully designed, boutique inll residential community,” developer Ben Caldwell said. 40 homes set for Richardson

The overview

The proposed layout is a compact neigh- borhood with lots that may be smaller than a traditional single-family lot, senior planner Derica Peters said. Peters said the development’s compact density is “more akin to a town- home-style development,” although all of the units are detached. “I think it’s a substantial improvement over a typical townhome. The fact that we can have the density, but everybody has their own individual units and four walls—I think there’s demand for housing like this,” Commissioner Kristen Schascheck said. Peters said all houses will be two stories with a maximum height of 40 feet and most will likely be around 3,000 square feet. The development will include a large central park as well as an additional open space on the southern end of the development. Peters said the spaces could

houses with rear-entry garages 18

houses with front-facing garages 22

square feet minimum 1.1K $800K-$1M price range, based on current plans square feet of open space 13K

SOURCES: CALDWELL RESIDENTIAL, CITY OF RICHARDSONCOMMUNITY IMPACT

include benches, shade structures, canopy trees, a playground or a dog park. “The development needed a heartbeat at the center of it, and having a meaningful communal green space is what we came to,” Caldwelll said.

Also of note

a nearby neighborhood, voiced concerns about trac during and after construction. Caldwell said that construction trac shouldn’t disrupt neighborhood streets, and the nished neighborhood is not expected to signicantly impact trac in the area. “Having worked in communities that have larger-scale, single-family residential develop- ments under construction, [trac] is a common occurrence,” director of development services Tina Firgens said. “Once construction is com- plete, then you have less of that issue.”

The development will include new public streets throughout the neighborhood, with two access points from West Shore Drive. Peters said the existing public alley will also be extended in order to provide alley access for the rear-entry garages. The rezoning includes modied development standards that reect the constraints of the compact property, including reduced lot areas and building setbacks as well as increased lot coverage. Chair Bryan Marsh, as well as two residents in

Greenwood park

ARAPAHO RD.

The takeaway

approving the project without rm renderings for the planned design of the neighborhood. Council will consider the project at a later date. Pending rezoning, Caldwell said the existing building will likely be demolished this fall while engineering plans are nalized. Development could begin next year, depending on the market.

Vice chair Jeremy Thomason said developments like Greenwood Park that bring housing density to Richardson provide an opportunity for the city to grow its tax base. Caldwell said the project has not partnered with a builder yet, so although renderings were provided, there are no set plans for architectural look or design yet. Commissioner Rebecca Poynter said she was not comfortable

“WE BELIEVE THAT IT IS A MEANINGFUL IMPROVEMENT AND SOMETHING THAT WILL BE HELPFUL FOR OUR COMMUNITY IN THE LONG TERM,” BEN CALDWELL, GREENWOOD PARK DEVELOPER

RICHARDSON EDITION