Fort Worth developer starts $55M project in Argyle

Fort Worth-based developer James R. Harris Partners LLC has started a $55 million custom home project in Argyle, a Denton County community nearly 30 miles north of downtown Fort Worth.

The 40-acre development sits near Argyle High School off State Highway 377, and will include 107 home sites and eight acres of parkland. The homes will be priced from $400,000.

Construction on the two-phase development is scheduled to begin this fall with 50 homes. Plans also include tracts earmarked for commercial development.

The project will play off the land's native form, which includes 2,400 post oak trees on the property, said Justin Welborn, managing partner of The Oaks of Argyle and a partner in JRH Partners.

Homebuilders include Village Homes, Bannister Custom Homes, Noble Classic Homes, Hamilton Homes and Craftsman Village Homes. If there's a demand for more homes, other qualified builders could join the project, Welborn said.

JRH Partners acquired the property from The Miles Foundation of Fort Worth, which was represented by Mike Ball of Mike Ball Realty Corp. of Fort Worth. JRH was self-represented.

Terms of the acquisition were undisclosed. Frost Bank and The Miles Foundation is providing development financing.

Conatser Construction is the project's general contractor.

Published in Dallas Business Journal, June 26, 2013; Candace Carlisle