The Denison Planning and Zoning Commission paved the way Tuesday for nearly 70 new residential homes in Gateway Village, located near the intersection of FM 691 and U.S. Highway 75. The commission approved the preliminary plats for additional phases in two of the development’s three subdivisions.
“We’ve been very pleased with the progress of phase one of all of our subdivisions here in Denison,” Ryan Johnson, representing Covenant Development said following the meeting. “We’ve had high demand and plan to expand to meet that growing demand in Texoma.”
The commission unanimously approved the preliminary plats for the second phase of development of the Greenway Park subdivision and phase three of the Fawn Meadows subdivision. This approval is contingent on additions and alterations to engineering and drainage plans that are required by the public works department.
With the additional plats, Johnson said this will bring the number of residential lots in Gateway to more than 200 with just the two subdivisions. A third, upscale subdivision named Saddle Creek currently supports 17 lots with plans for two to three phases of development in total.
In 2016, Johnson described Fawn Meadows as an entry-level subdivision, located south of Loy Lake Road on Iron Ore Drive, with homes expected to start at about $215,000. The first phase featured 44 residential lots. In June, the commission approved a plat for the second phase of development with 61 lots. Tuesday’s plat approval added an additional 32 lots to the subdivision.
The homes in Greenway Park, located south of Loy Lake Road on Brindlewood Trail, are expected to start at about $260,000. In 2016, the commission approved the first phase of development on the project with the initial 24 lots. Tuesday’s approval added an addition 37 residential lots in what Johnson described as the final phase of the project.
Before the discussion on Greenway Park, Commission Chairman Charles Shearer recused himself from the conversation and left the room due to a potential conflict of interest. Following the meeting, Shearer said one of the builders for the project approached him regarding design work for the development and he felt it was a conflict of interest for him to have a voice in the discussion.
Last year, Johnson said the two subdivisions will feature fiber cable lines directly into each home thanks to an agreement with Cable One. At the time, Johnson noted this is a common feature for new developments in areas like Collin County.
When asked about future residential development in Gateway Village, Johnson said he expects more subdivisions to be added in the coming months. As commercial and retail development begins to fill in, Johnson said he anticipates about 80 acres of land that will be available for residential use. Johnson added that he expects to have news on commercial development in the area within the next three to four months.