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.

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