CCMC has recently entered into an agreement with Castle Hill Partners (CHP) to provide pre-development consulting services for their Trinity Falls project in McKinney, Texas. The 1,700-acre mixed-use master-planned community will eventually include up to 4,500 households, retail space and a 250-acre park along the East Fork of the Trinity River. It will be the third-largest residential development in the McKinney area, behind Stonebridge Ranch (5,000 acres) and Craig Ranch (2,000 acres). The plans also include land for two elementary schools, one middle school, hike and bike trails, ball fields, amphitheaters, and small parks scattered throughout. Trinity Falls will be open for business (and lot sales) in the second quarter of 2014.
CHP is a private investment firm which invests in financially troubled properties in order to provide opportunities for repositioning and debt resolution. With more than 100 employees, the firm typically funds its projects without financing contingencies and each principal has more than 25 years of experience in his or her respective area of expertise. Collectively, CHP has acquired and developed over 6 million square feet of office and industrial space, over 10,000 units of multifamily housing and more than 25,000 acres of commercial and residential land. To learn more about CHP, visit http://www.castlehillco.com.
“The experience and stability of CHP makes them a great partner for CCMC,” explains CCMC division president Todd Davidson, “We are thrilled to have this opportunity to demonstrate our service and expertise to them at Trinity Falls.”