36.34+/- Acre Mixed-Use Site

Highlights:

• The Site is located approximately 4 miles northeast of Gateway Village where Highland Homes is currently selling homes up to $574,860 and The Residence at Gateway Village multifamily community is achieving rents up to $1.68 psf.
• Approximately 3.5 miles southwest of the Site, the intersection of US-75 and Grayson Drive is home to Texoma Medical Center which has 4,000 full time employees as well as boasts national and local retailers.
• The Site is located approximately 9 miles southeast of the recently announced Preston Harbor master-planned community which is set to feature approximately 7,500 homes and the Margaritaville Resort will offer 250 to 280 hotel rooms and is expected to create around 300 jobs.
• Less than 20 minutes south of the Site, both the Texas Instruments and GlobiTech semiconductor chip facilities which total $35 billion in anticipated investments and will create up to approximately 4,500 new jobs in the area.
• The Site is currently zoned in a Planned Development allowing for 300 multifamily units, 77 townhome units, and a 1.41+/- acre retail site.
• The Site is located within a Tax Increment Reinvestment Zone (TIRZ) with funds reserved to reimburse developers for eligible expenses.
• Ownership will also be conveying all third-party reports and existing construction plans for the Coffin Street Right-of-Way at Closing.
• Purchaser will be responsible for the platting process as it relates to each individual use as reflected in the Concept Plan.
• According to the US Census Bureau, Grayson County has a population of approximately 146,907 as of July 2023, an increase of 8.4 percent since April 2020.
• According to Texas Realtors, the median home price for new construction homes in Grayson County is $325,000 as of October 2024, an 8.0 percent increase year-over-year.

Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer builders and developers the opportunity to purchase a 36.34+/- acre mixed-use development site known as Katy Trails Village in Denison, TX. The Site is currently zoned in a Planned Development allowing for 300 multifamily units, 77 townhome units and a 1.41+/- acre retail site. The Site is located in southern Denison along Woodlawn Boulevard and West Coffin Street approximately one mile north of Eisenhower Parkway (Spur 503), connecting to US-75 1.5 miles west. The Site also greatly benefits from having direct access to the Denison Katy Trail, which will be a 2.3 mile trail system connecting Downtown Denison to the southern sector of the city. The Site is located within a Tax Increment Reinvestment Zone (TIRZ). This represents a great opportunity to acquire a mixed-use development site with entitlements and utilities in place at $1.89 psf.

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