Positioned in the 6000 block of Chase Oaks Boulevard near theLegacy Drive-Central Expressway intersection, Chase Oaks Villagerose as replacement product for an office development plan scuttledby 9/11. Chase Oaks' first phase came on line in the spring. Sincethen, Mitchell Vexler, president of Mockingbird Properties inFlower Mound, has sold 17 of the 26 townhouses in the first phaseand eight in the 34-unit second phase, which starts to rise thisweek. "It was the perfect infill spot to do this," he says.

Vexler says buyers' profiles, though, are starting to show thatPlano is no longer just a suburb of Dallas, but rather a full-blowncity ready for infill urban development. He says the proof lies inthe number of sales to empty nesters and young professionals pluslast weekend's first-time catch of a Northern California investorfor a two-unit building and a pair of London buyers who plan to usetheir investment as vacation properties. "The sophistication of themarket is changing," he says.

Vexler says Chase Oaks is "the first significant townhomeproject in the city in true urban style," abutting a 60-acre,municipal-owned recreational facility and within walking distanceof shops, restaurants, theater and proposed light-rail station. "Ithas all the bells and whistles and it's changing the perception ofPlano," he says.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.