NEC FM 407 & CLEVELAND GIBBS ROAD PAD SITES AVAILABLE€¦ · NEC FM 407 & CLEVELAND GIBBS ROAD PAD...

Northlake,TexasNEC FM 407 & CLEVELAND GIBBS ROAD PAD SITES AVAILABLE

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2017

Ryan [email protected]

214.526.3626 x 105

SITE

City of Northlake Town Hall

P E C A N S Q U A R E± 2,899 Homes

± 3,200 LotsFuture Mixed-Use

Development

Edward [email protected] x 102

David Davidson, [email protected]

214.526.3626 x 101

www.DB2RE.comAny projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine

whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2017


PROPERTY OVERVIEW

UTILITIES: Available

ZONING: PD - Mixed UseNorthlake ETJ

TRAFFICCOUNTS:

FM 407 (W of I35):FM 407 (E of I35):I-35:

7,310 VPD7,278 VPD

40,770 VPD

DEMOGRAPHICS:

NEC Cleveland Gibbs & 407

NWC FM 407 & I-35W

2018 Population 1 Mile: 1,4212018 Population 2 Mile: 2,9752018 Population 3 Mile: 10,298% Proj Growth 2018-2023 1 Mile: 13.28% Proj Growth 2018-2023 2 Mile: 10.56% Proj Growth 2018-2023 3 Mile: 7.10Total Daytime Population 1 Mile: 834Total Daytime Population 2 Mile: 1,868Total Daytime Population 3 Mile: 7,579Total Daytime Employees 1 Mile: 176Total Daytime Employees 2 Mile: 431Total Daytime Employees 3 Mile: 1,8302018 Median HH Income 1 Mile: $79,8642018 Median HH Income 2 Mile: $92,9552018 Median HH Income 3 Mile: $95,0582018 Average HH Income 1 Mile: $110,2812018 Average HH Income 2 Mile: $122,9102018 Average HH Income 3 Mile: $126,661Median Home Value 1 Mile: $224,482Median Home Value 2 Mile: $246,313Median Home Value 3 Mile: $350,748

Pad Sites/Shop Space Available for: Retail Users, Medical

SIZE: Lot 4A: Lot 5:

±1.59 Acres ±1.06 Acres




8

8

1st STREET

87-112,958 SF

9

10

LOT 4A1.59 AC.

66 SP9.17/1000

LOT 4B1.13 AC.

24 sp8.11/1000

7,200 SF

LOT 4B

LOT 4A

13

23

20 9

LOT 44XBLOCK 8

CITY HALL

12,000 SF

DETENTION 4.38 AC

FM 407

HA

RVE

ST W

AY

5,000 SF 7,500 SF7,500 SF

11,500 SF

4,500 SF4,500 SF

13,000 SF

8,000 SF12,000 SF

5,500 SF3,000 SF

0.21 AC

LOT 15.08 AC.40,000 SF

239 SP5.98/1000

LOT 21.71 AC.16,000 SF

79 SP4.94/1000

LOT 31.80 AC.17,500 SF

88 SP5.03/1000

LOT 71.72 AC.

99 sp8.25/1000

LOT 81.18 AC.8,500 SF

66 SP7.76/1000

LOT 5

LOT 62.32 AC.

8

15

8

12 12

9

LOT 51.06 AC.

49 SP7.66/1000

6,400 SF

NORTH

F.M. 407 & Cleveland Gibbs Rd. Northlake, Texas

Developer: Hillwood Communities Date:03.07.2018

SP-13Scale 1" = 50'-0"18

AREA OVERVIEW

• Denton county has been the fastest-growing county in the Dallas-Fort Worth MSA over the past 6 years with a rate of 2.42%

• Northwest ISD saw a 36% increase in closings from 2011 to 2016, the second largest increase in DFW behind Frisco ISD.

• Harvest was the 9th most active master planned community in DFW from 4Q15-3Q16 with 268 starts. The average price of a new home in Harvest is $347,328.

ALLIANCE• 18,000 acre master-planned, mixed-use development• $60 Billion in economic impact• 425+ companies• World’s Largest Inland Port• Includes Alliance Town Center, a 500-acre community retail, medical, and urban living center

Harvest is a ±3,200 home, 1,150-acre master planned, mixed-use development positioned along the I-35W growth corridor at FM 407. The spacing between Denton’s Rayzor Ranch and Alliance Town Center makes Harvest the perfect opportunity for new retail development. FM 407 is the strongest east-west thoroughfare between SH 114 and Loop 288 – connecting Highway 35E in Lewisville and Highway 81 in Rhome.

Northlake currently has a population of 2,500, with total build out projected to reach 55,000. Area attractions include the Texas Motor Speedway, the largest sports venue in Texas, Tanger Outlet Mall, and close proximity to DFW International Airport. Harvest’s strategic location makes this opportunity a viable regional commercial node to serve the rapidly growing population.

Pecan Square, a $1.5 billion project, is under construction. The residential community will eventually include 3,000 newly built homes, with prices expected to range from $270,000 to $500,000 or more. Homes should be on the market by summer 2019. A mix of commercial retail, educational and residential uses will be featured in Pecan Square, which gets its name from the 200 pecan trees on the property that will be preserved. The trees will guide visitors to the area off of Farm Road 407. Hillwood Communities also has agreed to donate 15 acres to the Northwest school district for an elementary school on the property. Also, another 150 acres have been sold to Northwest for a new middle school, high school and football stadium.

“You will be able to go K-12 in Pecan Square,” Fred Balda, president of Hillwood Communities, said in a phone interview.

SOLD

DAYCARE

SOLDUNDER CONSTRUCTION

SOLD

SITE




SITE

City of Northlake Town Hall

P E C A N S Q U A R E± 2,899 Homes

± 3,200 Lots

Future Mixed-Use Development




February 23, 2017Hillwood CommunitiesNorthlake, TX

HarvesT / ConCeptual Master plan 0 150’ 300’ 600’

Inte

rsta

te H

ighw

ay 3

5W

proposedargyle

Middle school

single-Family

single-Family

single-Family

single-Family

low-Density single-Family

single-Family

single-Family

single-Family

single-Familysingle-Family

single-Family

phase Isingle-Family High Density

residential Mixed use

retail/ Commercial

retail/ Commercial

proposed argyle

elementaryschool

swim Clubpark

Harvest park

open space

out tract(private residence)

prairie MoundCemetery

sports Fields

Harvest Farms

ModelHomerow

the Village Green

Civic

Future High Density residential

open space

F.M. 407

Clev

elan

d-G

ibbs

roa

d

Clev

elan

d-G

ibbs

rd.

Har

vest

Way

old Justin road

Well site

Gre

enbe

ltG

reen

belt

lake park

openspace

openspace

retail

retail

single-Family

single-Family

single-Family

park

open space

open space

open space

amenity Center

proposednWsD

elementary school

retail

Civic

Cell tower

Well site

Fire station

elevated Water tank

Well site

Well site

openspace Detention & open

space




8

8

1st STREET

87-112,958 SF

9

10

LOT 4A1.59 AC.

66 SP9.17/1000

LOT 4B1.13 AC.

24 sp8.11/1000

7,200 SF

LOT 4B

LOT 4A

13

23

20 9

0.21 AC

LOT 5

LOT 62.32 AC.

8

15

8

12 12

9

LOT 51.06 AC.

49 SP7.66/1000

6,400 SF

NORTH

NOTE: THIS PLAN IS FOR PRELIMINARY PLANNING PURPOSES ONLY. ALL DIMENSIONSAND PROPERTY LINES ARE ESTIMATES AND DO NOT REFLECT ANY SURVEY. PLAN MAYNOT MEET ALL CITY REQUIREMENTS.

SP-14DATE: 04.23.19JOB No.: 14059SCALE: 1"= 50'-0"

F.M.407 & Cleveland Gibbs Rd.HILLWOOD COMMUNITIES NORTHLAKE, TX

Approved by the Texas Real Estate Commission for Voluntary Use. Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant

01A TREC No. OP-K

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1)shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Date

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Davidson Bogel Real Estate, LLC 9004427 [email protected] 214-526-3626

Michael Edward Bogel II 598526 [email protected] 214-526-3626

David Davidson, JR. 593731 [email protected] 214-526-3626

Christopher Ryan Turner 672133 [email protected] 214-526-3626

NEC FM 407 & CLEVELAND GIBBS ROAD PAD SITES AVAILABLE€¦ · NEC FM 407 & CLEVELAND GIBBS ROAD PAD...

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