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CRE Briefs: Luxury Development Breaks Ground in Fast-Growing DFW Neighborhood Plus CBRE reports that multifamily net absorptions see a slight uptick, JPI joins WayMaker Partners Venture, Transwestern hires former CBRE Group COO, and more. The statistics of homebuying in Collin County continue to impress. Median home prices have increased 13.4 percent in the first quarter, home inventory for sale is at a record low, and the average day on the market is fewer than 36 days. City officials in Anna and the team at Dallas developer Centurion American broke ground on The Villages at Hurricane Creek, a sought-after new development that has brought the first water and sewage west of I-75 in that town. Mayor Nate Pike signaled that this was a landmark development for the fast-growing town north of Dallas. ....
Construction kicks off on residential community in Anna Hurricane Creek project north of McKinney will include more than 1,300 homes and apartments. Hundreds of homes, apartments and commercial space are planned in the new community in Anna.(Vernon Bryant / Staff Photographer) Developers are breaking ground on a new residential community north of Dallas that will bring more than 1,300 homes. Centurion American Development Group is starting construction today on the Villages of Hurricane Creek community off U.S. Highway 75 in Anna. The new project is planned for 984 single-family homes, 400 multifamily residences and 50,000 square feet of retail, restaurant and entertainment space. There’s also land set aside for a community garden, hiking trails and an amenity center for residents. ....