A new developer to Dallas-Fort Worth is building hundreds of rental homes in Collin County.
Construction is underway on Oxenfree, a rental community with 408 single-family homes and townhomes in Princeton on more than 50 acres at 1525 FM982 near Myrick Lane, the developer said Thursday.
The first homes are expected to be complete in April 2024. The development will include a centralized amenity center with a resort-style pool and green spaces.
The developer is Core Spaces, a residential real estate developer, owner and operator with offices in Austin and Chicago. It’s the company’s first development in Texas and the first in a series of rental communities from Core Spaces planned across the country.
The company has plans to build additional rental communities in Dallas-Fort Worth, which it said will be announced soon.
Treehouse Builders, a partnership between Core Spaces and Wisconsin-based contractor J.H. Findorff & Son Inc., is building the project. It was designed by Northworks Architects and Digibilt.
Princeton is about 10 miles east of McKinney. The city’s population has increased from less than 7,000 to more than 20,000 over the last decade, driven by the growth of Collin County and big employers moving to the area such as Toyota North America’s move to Plano in 2014.
