Nathan Carlisle Homes catering to buyers ages 55 and older with communities in Prosper, Aubrey – Dallas Business Journal

Dallas-based developer Nathan Carlisle Homes is expanding its portfolio of communities catered to active older adults.

The company has unveiled plans for its two newest projects, the Lakes at Legacy in Prosper and Arrowbrooke in Aubrey. It’s working with design firms BSB Design and Housing Design Matters to build homes specifically designed for residents ages 55 and older.

Prosper’s only active adult community, the Lakes at Legacy will be located north of Highway 380, two miles west of highway’s intersection with the Dallas North Tollway. The community will include 345 single-family homes sized between 1,600 and 4,000 square feet and priced between $300,000 and $600,000.

Homebuyers will be able to choose from 16 floor plans. Pre-sales of the homes will begin later this summer, and construction on model homes will start in mid-September.

"We are taking special care to create new floor plans that are not only unique to Nathan Carlisle, but which are distinct from competing properties," Rich Rodriguez, president of Nathan Carlisle, said in a prepared statement. "These designs feature the fresh, open living environments that today’s buyers desire and which will enable them to enjoy their home for many, many years."

Community amenities will include 5,000 square feet of gathering and entertaining space, workout facilities, a resort-style swimming pool and a 6.5-acre lake surrounded by walking and bike trails.

ArrowBrooke will be constructed two miles north of Highway 380, between Denton and McKinney. At build-out, it will include more than 200 homes between 1,600 and 2,650 square feet. Prices will range between $200,000 and the mid-$300,000s.

Like the Lakes at Legacy, ArrowBrooke will include a resort-style swimming pool, entertaining spaces, walking and bike trails, and a catch-and-release fishing pond, as well as a custom-designed amenity center.

Pre-sales for the community will begin early next year, with model homes set to be available for viewing in late first quarter 2019.

“…As a locally-based home builder we believe we have a unique perspective on what active adult buyers in this area want in a new home,” Rodriguez said. “In addition, because we are privately owned we can invest in a product that surpasses more generic, mass-market offerings. As a result, our craftsmanship, unique home designs, community layout and amenities, and outstanding service enable us to create a truly superior offering for the active adult.”

Nathan Carlisle has two similar communities, Isabella Village at Savannah in Savannah (located 15 miles east of Denton) and the Retreat at Craig Ranch in McKinney, both of which cater to the active adult community. The developer said its communities fill a gap in North Texas’ housing supply.

"The active adult cohort is the most underserved new-home buyer in DFW,” said Paige Shipp, regional director for Metrostudy, in a prepared statement. “Households 55 and over comprise 41.7 percent of our market, while only 15.5 percent. of new home sales are to active adults. The lack of new home sales is a supply problem rather than lack of demand.”

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Ranked by # of Local New Home Closings in 2016

Rank Business Name # of Local New Home Closings in 2016 1 D.R. Horton Inc. 4,320 2 Highland Homes- Dallas LLC 1,456 3 Lennar Corp. 1,321 View This List

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