Written by John Starkey
By Alice Canham
Something is building in Irving. Since last year, there has been a 47 percent increase in the total number of single dwelling building permits issued by the City of Irving. That’s comparing the number of unit permits for the period of Oct. 1 – May 31 in fiscal 2012 vs. the same period in fiscal 2011, according to Gary Miller, Director, Planning and Inspections.
Two hundred and seventy-eight permits were issued for single-family homes in this fiscal year verses one hundred and eighty-nine for the same period last year.
The available acreage is steadily declining, according to Miller.
“But there’s still some land being developed,” he said. “Most of it’s probably in the northern area, in Las Colinas.
“But we’re still seeing some development in the south – a small subdivision in the Bear Creek area, and some townhouses in eastern Irving south of 183.
“If we stay on the track we’re on, we should have the highest number of permits issued since 2009.”
Many of the homes could be characterized as luxury developments with an average construction valuation in the $300 - $350K range. Value of the construction is estimated at nearly $98 million.
Construction, as the rest of the economy, is changeable and has suffered, particularly during the latest downturn. As the DART Orange Line nears completion, Miller said, there is reason for optimism in Irving.
“This region is stronger than the nation, and we’ve maintained that strength,” he explained.
“The Orange Line coming through should be a real stimulus. People will see that as an opportunity.”
- Single Family Homes—Permitting up 47 percent
- Since the beginning of this fiscal year, Irving has issued 278 permits for single-family development
- Construction valued at nearly $98 million ($97,952,881)
- Last year at this time, Irving had issued 189 permits for new single family development construction valued at $65 million ($65,610,138.00)
- The Lakes of Las Colinas
- 275-lot privately secured residential village
- 91 homes completed
- 107 lots under construction
- Assessed values range from approximately $450,000 to more than $1.1 million
- Riverside Village
- 400 lots and 12-plus acres of open space
- Residents can expect construction at the Enclave at Riverside Village—a development with 64 single family lots—to commence soon
- Hackberry Crossing
- Located at the northeast corner of State Highway 114 and Belt Line Road is Hines’ new development
- 400 single-family lots on 118 acres
- Expected economic impact of this project is in excess of $160 million
- The Villas at Emerald Park located near Hackberry Rd. and Olympus
- 92-lot single family development on approximately 24 acres
- In the past year, developers have sold nearly all lots
- Home prices range from the low $300,000s to more than $500,000.
- La Villita
- Master-planned 285-acre mixed use subdivision with
- 367 single family lots and
- 126 condominium units,
- 1406 multifamily units,
- 127 townhomes,
- 367 conventional single family units,
- An elementary School and inviting open space.
- Neighborhood value of approximately $150 million.
- The assessed value of the land and improvements exceeds $322 million.
- Home of the Make-a-Wish Foundation regional offices, La Villita features
We also have:
- Andalus phase 1 = 97 single family homes (complete or under construction)
- Andalus phase 2 = 46 single family homes (complete or under construction)
- Al Hambra = 77 single family homes (final plat pending)
- Escena = 280 single family homes, including regular and zero lot line. Construction is beginning.
Why Irving is Growing?
- Great Location
- Economy improving
- Developers like to do business with us – we’re hassle free, quick permitting
- Most reviews are completed in less than five days.
- Convention Center and successful and hotel in the works
- Orange Line will bring more development.