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06/27/2013

Fort Worth developer starts $55 million home development in Argyle

Fort Worth-based James R. Harris Partners has started construction on the $55 million The Oaks of Argyle 107-lot custom home community in Argyle, north of Fort Worth.

The 40-acre development, at the end of Cook Street, east of Texas 377 and adjacent to Argyle High School, will have 8 acres of park land, the developer said. Home prices will start at $400,000.

“We decided to purchase the land because of its location and its beauty,” said Justin Welborn, a partner in JRH Partners. “Our intent is to leave the land in its native form as much as possible.”

WeThe%20Oaks%20of%20Argyle%20entrylborn said a first phase of construction will include 50 homes. Selected builders are Village Homes, Bannister Custom Homes, Noble Classic Homes, Hamilton Homes and Craftsman Village Homes.

JRH Partners bought the land from The Miles Foundation of Fort Worth, a philanthropic group. Frost Bank and the foundation are financing the development, Harris Partners said.

Mike Ball with Mike Ball Realty represented The Miles Foundation.

JRH Partners has been developing in Texas since 1979.

_ Sandra Baker

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