Hong Kong Firm Starts 6,000-home Community North of Dallas
A homebuilding and development company that is the U.S. subsidiary of a Hong Kong-based firm has started a huge project in Collin and Grayson counties. Risland US Holdings is building the almost 3,000-acre residential community on U.S. Highway 75 between the towns of Anna and Van Alstyne. The project, called Mantua, will include 2,000 acres for single-family homes.
"Our goal for Mantua is to serve the growing population, support the businesses that will drive the economic engines of tomorrow, and to enrich the lives of its residents and visitors alike," Michael Hanschen, senior managing director of Risland, said in a statement. "Mantua's mix of housing, commercial facilities and spaces for social and cultural activities will be a great addition to the Texas traditions of Van Alstyne and Anna."
The first phase of the development — called Mantua Point — will include a community with a children's pool, an adult pool, several gathering areas, nature trails, a dog park and play areas. The initial phase will have sites for 222 single-family homes, with the first model houses opening late next year. When completed, the project is planned to have 6,000 houses. There's also land set aside for commercial development of offices, retail and mixed-use buildings.
"Throughout the entire development, we are planning 25-plus miles of off-road hiking, biking and walking trails," Hanschen said. "The Mantua trail system will connect residential neighborhoods to parks, recreation and to the Lake District [an amenity located at the center of the development]. "In addition, we are working closely with the existing member-owned Hurricane Creek Country Club to offer an exceptional golf and country club lifestyle experience within the development," he said.
The huge project is one of several developments Risland is working on in North Texas. Last spring, the firm started a 300-acre single-family community called Legacy Gardens in Prosper Trail. Houses in the project start at close to $400,000. Risland is also building in Prosper's Saddle Creek community on Preston Road...
