I can’t say that I’m surprised. Republic Property Group’s Phillips Creek Ranch is officially 100 percent sold to either builders or homebuyers according to this report from Candice Carlisle of the Dallas Business Journal. The community was brought to market in 2011, and RPG’s officials thought it would take 10 years to sell out. Turns out they only needed 4.
“Everything has been sold to home buyers and builders for future lots,” [Jake Wagner] added. “We’ll probably still have another three or four years of development, but 100 percent of the project has been committed to either builders or home buyers. The success of the project and the velocity of home sales have greatly surpassed our expectations.”
With 102 acres of open space and greenbelts, plus amazing schools and amenities, it’s not hard to see why people have flocked to Phillips Creek Ranch in droves. Location has a lot to do with it, too, as Carlisle notes the community’s proximity to the under-construction Toyota headquarters had to help things along.
Besides those factors, another reason the development sold so far ahead of schedule is the strong housing market in Frisco and in Collin County. Builders have been drawn to award-winning communities such as Phillips Creek Ranch and Light Farms like ants to a picnic, bringing a building boom to our northern suburbs.
“Being able to reach this milestone six years ahead of schedule is a testament to the confidence our builders have in the continued success of Phillips Creek Ranch,” Wagner said in a press release.
Congratulations to RPG on a successful development! We can’t wait to see what’s next for the brand.