Friday, July 18, 2008

Fairview a fertile site for homebuilders

The Dallas Morning News - July 3, 2006

Fairview's motto is "Keeping it country."

But one look at a map shows why that's hard to do.

Wedged between Allen and McKinney on the east side of U.S. Highway 75, the Collin County town of 5,700 is next in line for a development boom.

Builders are already putting up new subdivisions lined with custom homes.

And starting next year work will begin on a 200-acre shopping center that's as big as some malls.

While the big city is knocking at Fairview's front door, city leaders say they want to keep the rural flavor for much of the town.

"We are trying to take advantage of the growth and protect ourselves at the same time," said Fairview City Manager John Godwin. "It looks like we are going to be able to do that."

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Collin's newcomers stretch dollars, legs

The Dallas Morning News - August 13, 2005

For many, a bigger home is better, and it's cheaper here than in many places

LOS GATOS, Calif. – Nestled on a wooded hillside in this tidy Silicon Valley community is a subdivision of newer tract homes with media rooms, breakfast nooks, granite countertops and other modern touches.

Like models on a Monopoly board, big new homes line the streets in the Twin Creeks subdivision in Allen. The homes are not unlike those you'd see in a similar high-income neighborhood in Allen, McKinney or Frisco – until you compare the price tags.

A $300,000 home in or near Collin County would cost about $1 million in Los Gatos.

When families move to North Texas from places like Silicon Valley, they are awestruck by the monster houses they can afford. They don't tend to hold back, said Jan Richey, a Realtor with Keller Williams in Frisco.

"Instead of buying the $300,000 house – which they should – they have so much more money from the equity in their previous house that they extend themselves as far as they can go," she said. "We have to protect them from themselves."


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