Feature Illustration: The shovel-ready property is ideally suited for the construction of 34 luxury townhomes, with plans featuring a mix of 3 bed/3 bath and 3 bed/2.5 bath units, each equipped with attached two-car garages. Image: Hilco Real Estate.
Posted: 6-9-2024
Wylie (Collin County) — Hilco Real Estate Sales has announced July 19 as the bid deadline for the bankruptcy sale of a 4.2-acre parcel of land along Texas Highway 78. The land is already leveled with existing residential plans included in the sale.
The shovel-ready property is ideally suited for the construction of 34 luxury townhomes, with plans featuring a mix of 3 bed/3 bath and 3 bed/2.5 bath units, each equipped with attached two-car garages. The proposed neighborhood includes a community center, pool and recreational sports space, all situated along the banks of Maxwell Creek.
The site offers significant visibility and accessibility as the first property visible when entering Wylie on TX-78 from Dallas. While current plans are focused on residential development, the City of Wylie is also open to commercial development proposals, providing flexibility for various potential future uses.
“This prime parcel in Wylie represents a remarkable opportunity for developers and investors,” said Steve Madura, senior vice president at Hilco Real Estate. “The combination of shovel-ready status, flexible development options and strategic location within the rapidly growing Dallas-Fort Worth MSA makes this property exceptionally desirable.”
Edited from news release.
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