Residential development Update

Residential Development Update
March 1, 2013
Development Services
Department
New Single-Family Permits Issued in February, 2013
US 380
Frisco issued 136 permits for new SingleFamily residential units in February, 2013.
HILLCREST RD
LEBANON RD
WARREN PKWY
SH
12
1
Most active builders:
- K Hovnanian - Landon
- Pulte
- Darling
- Standard Pacific
COIT RD
R O L AT E R R D
STONEBROOK PKWY
NEW RESIDENTIAL
19 permits
16 permits
15 permits
14 permits
10 permits
ABSORPTION RATE
SNEW Permits Issued, 12-Month Average
146
150
130
110
90
This update provides a summary of
residential development activity in
Frisco as of the date of publication.
Information shown represents a
“snapshot” of activity as of a specific
date (the 1st of the month).
The contents are estimates, which are
continually updated with additional
data and new and/or revised
submittals, and are provided for
informational purposes only.
Questions about the content of
this update or suggestions for
future issued? Call 972-292-5357
or e-mail [email protected].
The Richwoods neighborhood topped the list for permits issued in February of 2013.
3
r-1
Ma
-13
Jan
-12
p-1
2
No
v-1
2
Se
Jul
r-1
2
Ma
y-1
2
Ma
-12
Jan
p-1
1
No
v-1
1
Se
Jul
-11
50
r-1
1
Ma
y-1
1
12-month average: 146 permits/mo
6-month average: 156 permits/mo
70
Ma
Absorption Rate
CUSTER RD
MAIN ST
INDEPENDENCE PKWY
ELDORADO PKWY
PRESTON RD
LEGAC Y DR
22 permits
20 permits
9 permits
8 permits
8 permits
8 permits
FM 423
- Richwoods - Phillips Creek Ranch
- Crown Ridge
- Lawler Park North
- Willow Bay
- Frisco Lakes
TEEL PKWY
Most active neighborhoods:
PA N T H E R C R E E K P K W Y
DA L L A S N O RT H TO L LWAY
Month-to-Month Change (MTM): - 58
Year-to-Year Change (YTY):
+ 42
Single-Family Residential
Single-Family Lot Inventory
One measure of potential future housing permit activity is the
Lot Inventory (LI) and Pipeline (PL). The Lot Inventory is a count
of single-family (SF) residential lots that are permit-ready. The
Lot Pipeline is a count of the lots that are in the approval process
(formal submittal received).
LOT INVENTORY:
By dividing the number of lots by the average monthly permits
issued (from the previous 12 months), we can estimate the
months of inventory. Industry experts consider the market
balanced at 24 months of inventory.
Change of Inventory: -85MTM+429 YTY
Months of Inventory: 18 
Based on an Absorption Rate of: 146 (SNEW/mo)
6-Month Average
12-Month Average SF LOTS - MONTHS OF INVENTORY
48
42
36
30
24
18
12
6
0
2,614 
34
156 146 LOTS IN PIPELINE:
4,982 
Pipeline Change: +117MTM +1,298 YTY
Months of Inventory in Pipeline: 34 
Stage in Pipeline: 18
INVENTORY
PIPELINE
PP – Preliminary Plat
CS – Construction Set
FP – Final Plat
LOTS | % |Months
2,107 | 42.3% | 14
2,691 | 54.0% | 18
184 | 3.7% | 1
“BALANCED” MARKET
Distribution:
BY COUNTY
COLLIN
SF Housing Units
Under Construction
Lot Inventory
Pipeline
22,326
473
1,108
2,424
57.8%
TOTAL
26,331
BY QUADRANT
DENTON
42.2%
48.7%
16,294
452
1,506
2,558
51.3%
38,620
925
2,614
4,982
55.9%
20,810
44.1%
47,141
51.1%
42.4%
NE
48.9%
57.6%
SE
SF Housing Units
Under Construction
Lot Inventory
Pipeline
5,234
219
672
1,413
13.6%
29.2%
28.4%
TOTAL
7,538
16.0%
12,589
25.7%
NW
NE
NW
30.3%
17.2%
11,694
234
1,257
2,184
26.7%
15,369
15.5%
12.0%
SE
SW
SW
11,275
143
313
858
23.7%
NOTE: The City quadrant boundaries are Main Street and Preston Road
2
TOTAL
27.0%
43.8%
10,417
329
372
527
32.6%
11,645
24.7%
25.3%
48.1%
35.6%
14.2%
10.6%
Residential Development Update
| MARCH 1, 2013
Lot Inventory by Neighborhood Unit
The City tracks development by several geographic areas including by County, Quadrant, and Neighborhood Unit. The Neighborhood
Units (NU), labeled on the maps below, generally follow major roadways and allow a quick visual reference for development “hot
spots.” For Lot Inventory (LI) and Pipeline (PL), this is an indicator of where development is most likely to occur next.
Note: On the maps below, the darker the color, the greater the number of lots.
NU #
LOT INVENTORY
AS OF MARCH 1, 2013
50
51
02
52
53
04
2,614 permit-ready lots
49
48
44
45
47
46
LOT INVENTORY
0
1 - 25
42
43
41 40 21
38
26 - 50
22
39
51 - 100
37
101 - 250
36
32
> 250
34
33
LOT PIPELINE
AS OF MARCH 1, 2013
50
51
31
10
11
20
23
49
44
08
07
06
12
13
14
15
19
24
30
29
1 - 50
51 - 100
42
43
52
53
48
47
45
46
251 - 500
41 40 21
38
22
39
101 - 250
37
18
36
32
> 500
33
31
34
17
25
26
16
27
28
35
02
LOT PIPELINE
0
05
09
01
03
04
4,982 lots
01
03
10
09
05
08
07
06
11
12
13
14
15
20
19
18
17
16
23
24
30
29
25
26
27
28
35
2
3
4
6
7
8
9
11
14
15
17
18
20
22
23
25
26
32
33
34
36
37
38
39
41
42
43
44
45
47
48
49
51
TOTAL
LI = LOT INVENTORY
|
PL = PIPELINE
LI
PL
197
113
90
159
58
83
56
201
238
39
196
4
25
90
216
138
324
85
225
17
12
63
29
15
211
588
45
5
17
15
148
198
457
273
406
129
95
151
216
158
334
720
26
28
56
19
131
201
182
40
54
20
2,614
4,982
3
Single-Family Residential
Lot Inventory & Pipeline by Neighborhood
NEIGHBORHOOD
LI
PL
NEIGHBORHOOD
LI
Chapel Creek
29
15
Panther Creek Estates
99
Christie Ranch
77
56
Panther Creek, dominion at
18
34
354
Panther Creek, Ridgeview at
102
238
131
Panther Creek, the village at
5
Park Place Estates
37
Pearson Farms
8
CHURCH PROPERTY (aka MALIBU)
Cobb Farm
19
Creeks on Coit
17
Creekside at Preston
5
Creekside at Stonebriar
5
CREEKSIDE VILLAGE
phillips creek ranch
22
Preston Estates
72
Richwoods
482
211
53
Custer Creek Farms
4
ROCKHILL at PRESTON
Cypress Creek
21
Shaddock Creek
27
52
Sorano
60
Starwood
10
Stone Creek Village
3
Stonebriar
18
Stonebriar Creek Estates
3
Stonebriar, The Chase at
1
Stonebriar Park, Villages of
5
Frisco Lakes
164
366
Grayhawk
66
20
Griffin Parc
1
Heritage Village
2
Hickory Springs
12
Highland Ridge
84
Hills of Kingswood
84
111
INDEPENDENCE ESTATES
83
KINGSWOOD VILLAGE
148
STONEBRYCK MANOR
45
Stonelake Estates
134
Stonelake Estates West
6
Stonewater Crossing
70
5
Latera
11
68
lawler park north
64
225
LONE STAR RANCH
30
180
Meadow Creek
24
Miramonte
37
87
Waterstone, The Landing at
2
Newman Village
124
96
Waterstone, The Shores at
97
105
Waterstone, Vistas at
1
Willow Bay
56
Willow Bay South
30
Winding Creek Estates
52
Windsor Place
2
Wyndsor Pointe
53
THE HEIGHTS at ROCKHILL
The Trails
Village Lakes
2
109
50
VILLAS at BELLE CREEK
3
PL = PIPELINE
324
113
TWIN CREEKS
|
56
67
Lakes on Legacy
LI = LOT INVENTORY
588
STONEBROOK CROSSING
28
ORIGINAL DONATION
578
197
Knolls of Frisco
oAKMONT
99
4
CROWN RIDGE
DIAMOND POINTe
4
94
PL
30
216
Residential Development Update
| MARCH 1, 2013
Lot Inventory & Pipeline by Neighborhood
NEIGHBORHOOD SUBDIVISION PLAT
CHAPEL CREEK
CHRISTIE RANCH
CHURCH PROPERTY
COBB FARM
CREEKSIDE AT PRESTON
CREEKSIDE VILLAGE
CROWN RIDGE
DIAMOND POINTe ESTATES
FRISCO LAKES
GRAYHAWK
HILLS OF KINGSWOOD
INDEPENDENCE ESTATES
KINGSWOOD VILLAGE
LATERA
LAWLER PARK NORTH
LONE STAR RANCH
MIRAMONTE
NEWMAN VILLAGE
OAKMONT AT FRISCO
ORIGINAL DONATION FRISCO
PP
CHAPEL CREEK, PH 3A
CHRISTIE RANCH, PH 2D
56
CHURCH PROPERTY (a.k.a. MALIBU)
354
COBB FARM, PH 3A
COBB FARM, PH 3B
60
71
CREEKSIDE AT PRESTON, PH 4C
94
CREEKSIDE VILLAGE
22
CROWN RIDGE, PH 3B
72
DIAMOND POINTE ESTATES
52
FRISCO LAKES - VILLAGE 1
FRISCO LAKES - VILLAGE 4
FRISCO LAKES - VILLAGE 6
FRISCO LAKES - VILLAGE 24, PH 2A
FRISCO LAKES - VILLAGE 24, PH 2B
FRISCO LAKES – VILLAGE 26
60
108
72
23
16
87
GRAYHAWK, SEC 2, PH 7
20
HILLS OF KINGSWOOD, PH 2A
HILLS OF KINGSWOOD, PH 2B
60
51
INDEPENDENCE ESTATES
83
KINGSWOOD VILLAGE
148
LATERA, PH 2
LATERA, PH 3
32
THE ARBOR @ LAWLER PARK, PH 2
THE CROSSING @ LAWLER PARK, PH 2
THE CROSSING @ LAWLER PARK, PH 3
36
85
65
75
QUAIL MEADOW VILLAGE, PH 3
SADDLEBROOK VILLAGE, PH 3
THE PRESERVE @ LONE STAR RANCH (aka Austin Ridge Ph 2)
62
MIRAMONTE, PH 1B
87
43
75
NEWMAN VILLAGE, PH 2B
96
OAKMONT AT FRISCO
105
TOSCANA ADDITION
3
DOMINION AT PANTHER CREEK, PH 4C
PANTHER CREEK, RIDGEVIEW AT
RIDGEVIEW AT PANTHER CREEK, PH 2
RIDGEVIEW AT PANTHER CREEK, PH 3
140
98
PARK PLACE ESTATES, PH 2
PARK PLACE ESTATES, PH 3
46
PHILLIPS CREEK RANCH (PCR)
34
PHILLIPS CREEK RANCH, PH 3
PHILLIPS CREEK RANCH, PH 4A & 4B
MAINVUE
WINDROSE
PP = PRELIMINARY PLAT
|
CS = CONSTRUCTION SET
FP
15
PANTHER CREEK, Dominion AT
PARK PLACE ESTATES
CS
53
53
273
162
90
|
FP = FINAL PLAT
5
Single-Family Residential
NEIGHBORHOOD SUBDIVISION PLAT
Richwoods
Rockhill
Shaddock creek
stonebrook crossing
stonebryck manor
Stonelake Estates
The heights at rockhill
twin creeks
villas at belle creek
Willow Bay South
PP
RICHWOODS, PH 11B
RICHWOODS, PH 11C
RICHWOODS, PH 12
RICHWOODS, PH 13
RICHWOODS, PH 14
RICHWOODS, PH 15
RICHWOODS, PH 16
RICHWOODS, PH 17
RICHWOODS, PH 18
RICHWOODS, PH 19
40
15
ROCKHILL AT PRESTON
197
SHADDOCK CREEK ESTATES, PH 6B
56
CS
FP
70
70
79
54
43
79
43
95
STONEBROOK CROSSING
67
STONEBROOK MANOR
45
VILLAGES OF STONELAKE ESTATES, PH 2B
VILLAGES OF STONELAKE ESTATES, PH 2C
VILLAGES OF STONELAKE ESTATES, PH 3A
VILLAGES OF STONELAKE ESTATES, PH 3B
VILLAGES OF STONELAKE ESTATES, PH 4A
VILLAGES OF STONELAKE ESTATES, PH 4B
VILLAGES OF STONELAKE ESTATES, PH 5
45
64
53
28
33
64
37
THE HEIGHTS AT ROCKHILL
113
TWIN CREEKS
109
VILLAS AT BELLE CREEK
30
THE ARBORS AT WILLOW BAY SOUTH, PH 3
THE ARBORS AT WILLOW BAY SOUTH, PH 4
THE ARBORS AT WILLOW BAY SOUTH, PH 5
139
47
30
TOTAL
2,107
2,691
184
Highland Ridge is expanding.
The first permit for phase 2 was issued
in February 2013.
6
PP = PRELIMINARY PLAT
|
CS = CONSTRUCTION SET
|
FP = FINAL PLAT
Residential Development Update
| MARCH 1, 2013
MULTI-FAMILY AND MIXED-USE RESIDENTIAL
Five Multi-Family (MF) and/or Mixed-Use
Residential (MXD) projects are currently
under construction in Frisco, with a
combined total of 1,406 units.
In February, Ablon at Frisco Bridges
released their first building (one of two),
with 148 units, and AMLI at the Ballpark
released another 64 units. North Court
Villas is expected to release units starting
in March.
Permits have been issued on one MXD
project (410 units), and three other projects
(2 MXD and 1 MF) have been approved and
are in the pipeline. The combined pipeline
of MF/MXD is currently at 2,841 units.
Ablon at Frisco Bridges released their first building, with 148 units, in February.
The second and final building, with 104 units, is expected to release in March.
US 380
EXISTING MF
PROPOSED MF
EXISTING MXD
PROPOSED MXD
ROL ATE R RD
LE BA N ON RD
CO IT R D
H I LLC RE S T R D
STO N E BROOK PK WY
C US
TER R
RD
CU
S TE
D
MAIN ST
DENC
CE
IIN
N D E P E N DE
E PKWY
E LDOR A DO PK W Y
PRESTON RD
L EG AC Y D R
D A L L A S N O R T H T O L LWAY
FM 423
T
EEL PKWY
TE
PA N THE R C RE E K PK WY
WA RRE N PK WY
SH
12
1
** Please note this map does not include
projects with fewer than 80 units.
7
Multi-Family & Mixed-Use Residential
Cool Springs Phase 2, currently under construction, will bring the total unit count
at Cool Springs up to 945, remaining the largest mixed-use residential project in
Frisco. They will not retain that position, however, as several larger projects are
planned for future development, including the Grand Park Canal Project and Main
Place projects at Cotton Gin and Legacy.
9
MF/MXD IN THE PIPELINE
SW
B11-1769
NEARING COMPLETION
First units released in Jan.
AMLI @ THE BALLPARK SW
B11-2359
NEARING COMPLETION
First units released in Feb.
ABLON @ FRISCO BRIDGES
SW
B12-0117
NEARING COMPLETION
Units expected to release in Mar.
NORTH COURT VILLAS
SW
B11-2741
UNDER CONSTRUCTION
SW
B12-1232
UNDER CONSTRUCTION
NW
B12-1107
UNDER CONSTRUCTION
SW
SPRP12-0006
Site Plan APPROVED
SW
PSP12-0012
PSP APPROVED
SW
PSP11-0016
PSP APPROVED
7755 John Q Hammonds
3150 Avenue of the Stars
8275 Stonebrook Pkwy
COOL SPRINGS, PH 2
8100 Gaylord Pkwy
AMALFI @ STONEBRIAR COMMONS, PH 1
5275 Town & Country Dr
THE EMERSON @ FRISCO MARKET CENTER
E side of Legacy, N of Main
MF
MXD UNITS
RELEASED
335
130
252
148
134
290
395
410
AMLI @ THE BALLPARK, PH 2
365
Avenue of the Stars & IKEA Dr
AVENUES of PHILLIPS CREEK RANCH
352
NEC FM 423 & Stewart Creek Rd
LEBANON RIDGE APARTMENTS, PH 2
308
South of the SEC Teel & Lebanon
794
TOTAL:
2,047
2,841
278
NOTES:
1 In Frisco, Multi-Family (MF) developments are generally medium density (15-19 units/acre), garden-style apartments where there is a predominance of surface parking. Mixed Use Residential (MXD) developments are generally higher density apartments consisting of four stories and where there is a predominance of structured parking. The ground floor of the MXD developments may consist of residential units, non-residential uses (typically retail), or flex space. 2 Projects listed are currently in the review/approval process or have obtained entitlements to the point where they have little or no review required prior to pulling a
building permit. A separate list is maintained for potential future projects with zoning in place and/or pre-submittal meetings have occurred but no formal submittal.
3 The Grand Park Canal Project rezoning is approved; the Project has been moved to a Future Projects list (kept separately). It includes Mixed-Use, Single Family and
Assisted Living, for a total of 1,974 units. For more info, go to: www.friscotexas.gov/departments/planningDevelopment/Planning/Pages/Z12-0019.aspx.
4 Units Released are completions with a Certificate Occupancy (released for occupancy).
UNITS BEING RELEASED FOR OCCUPANCY
8
UNDER CONSTRUCTION
PERMIT PULLED