Although this presentation has a plan that is fluid and can change, you will see the devleopment will include a lot of non-residential uses. Per this presentation, the single family isn't scheduled to come on for at least 6 years into the project.
The City of Coppell will be the school district serving this area and the city currently owns a portion of the land in the Northwest corner of the community.
Ultimately the effect this will have on the existing Coppell housing market is unknown. I could argue it both ways. As a positive it may increase land values if the product is unique and complementary to existing housing stock. As a negative, the increased supply and the gap in housing age (most of Copell built prior to 2002), the new housing may be a preference and sell at a premium to older housing. Only time will tell.
I'd be happy to discuss this in more detail.
Aaron Duncan, RLA MBA
REALTOR, Coppell Realty
"The Coppell Grad and Coppell Dad"