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A residential neighborhood of 40 single-family homes is on track for development in Richardson after the City Plan Commission recommended approval for a rezoning request April 21.
The overview: Developer Caldwell Residential plans to raze the decommissioned Cottonwood Creek Healthcare Community and construct Greenwood Park, a development of 40 single-family homes around a centrally located neighborhood park.
The details: The houses were approved at a minimum of 1,100 square feet, although Caldwell said they will likely be around 3,000 square feet. Based on current plans, Caldwell said the homes could cost around $800,000-$1 million.
The development will include a large central park as well as an additional open space on the southern end of the development.
Quote of note: “I think it’s a substantial improvement over a typical townhome. The fact that we can have the density, but everybody has their own individual units and four walls—I think there’s demand for housing like this,” Commissioner Kristen Schascheck said.
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