A second phase of 445 apartment units
ROBERT STEUTEVILLE JAN. 1, 2002
A second phase of 445 apartment units is nearing completion in Austin Ranch, located in The Colony, Texas, approximately 25 minutes north of downtown Dallas. Master planned by Calthorpe Associates, Austin Ranch is a medium-density (approximately 24 units/acre) community, which will consist primarily of multifamily buildings and attached homes. The 300-acre development area will eventually include 5,000 units, office space, retail, and a YMCA. The Billingsly Development Company reports that the first phase of 548 units was completed in May 2001 and is 99 percent occupied. A third phase of 420 units will break ground in May 2002.
