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Texas Developers Call Collaboration Key To Advancing Master-Planned Communities
['Jessica Beebe']
Bisnow Content Feed
But finding the right investors and working closely with city staff can help ease the process, Texas developers say.
Navigating the challenges of MPC development can help boost the presence of these developments, which attract buyers to their combination of upscale amenities and sense of community.
Another MPC development underway in Texas is The Ridge, a 6,200-home community south of Austin that was acquired by Wilson Capital this month.
Every MPC development requires a special district for financing and entitlement, said Duane Brignac, senior vice president of operations and finance for Texas-based real estate consultant T. Wilson.
Other financial challenges can put an MPC project on hold, such as slow-growing tax bases.