Woodbridge Crossing

Transcription

Woodbridge Crossing
S ANDLER S OUTHWEST
5700 West Plano Parkway, Suite 1000
Plano, TX 75093 www.sandlersouthwest.com
Phone: 972-381-2700 Fax: 972-381-2701
Woodbridge Crossing
Executive Summary
State Highway 78 at Woodbridge Parkway
Sache, Texas
Woodbridge Crossing is 22 acres of commercially planned property at the
northeast and southeast corners of State Highway 78 and Woodbridge Parkway in
Sachse, Texas.
The property is at the entrance to the Woodbridge residential golf community.
Woodbridge is a 973 acre planned community with a highly amenitized package of swimming pools, parks and trails, along with an 18-hole championship golf course.
Woodbridge Golf Club is the home of the Northern Texas PGA. Since its opening in April
1998, the Project has had more than 500 lot sales by its builders, Continental Homes,
Highland Homes, and Ray Morris Homes. The development is currently averaging 24
sales per month, with homes priced from $120,000 to $300,000. Woodbridge will have
a total build-out of approximately 2,600 homes.
Sachse and Wylie are rapidly growing suburbs northeast of Dallas. With affordable housing and excellent schools, more than 1200 new home permits have been
issued in the trade area in the past year, with Sachse alone being responsible for 500 of
these permits. During the past year Sachse had a population growth of 13%, with Wylie’s
population increasing by 7%, making Sachse the fastest growing city in Dallas County
and Wylie the fifth fastest growing city in Collin county, behind Frisco, McKinney, Allen
and Murphy.
Excellent access to major employment centers is available from the soon- to- becompleted President George Bush Turnpike (SH 190). Access roads off of the Turnpike
are already complete, enabling one to travel from the Sachse/Wylie area to Central
Expressway in Plano in less than ten minutes.
Woodbridge Crossing
Size:
10.3 acres at the NEC State Highway 78
and Woodbridge Parkway
13.5 acres at the SEC State Highway 78
and Woodbridge Parkway
Utilities:
All utilities available
Topography:
Generally flat
Traffic Count:
27,000 cars/day on State Highway 78
Housing:
450 existing homes in Woodbridge, increasing at a rate of
approximately 20 new homes per month
Demographics:
Population of 32,000 within a four (4) miles radius with an
average household income of $61,000.
Growth:
Trade area population is expected to grow more than 40%
over the next ten years.
Woodbridge Crossing
5100 Tennyson Parkway
Plano, Texas