The new Painted Tree residential community under development in McKinney will have 1,200 homes in its first phase and built-to-rent homes will also be part of the project, the developers said Wednesday.  Located north of U.S. Highway 380 near Lake Forest Boulevard, Painted Tree — one of the largest residential developments underway in North Texas —will include about 3,400 residential homesites at full buildout ranging from detached townhomes and cottages to larger family homes and some custom homesites. The first phase of the project will also include 275 built-for-rent homes, said Tom Woliver, co-president and founder of Dallas-based Oxland Advisors, the developers of Painted Tree.

 Oxland Advisors on Wednesday also confirmed a homebuilder line-up for Painted Tree that includes Trophy Signature Homes, Normandy Homes, CB Jeni Homes, Tri Pointe Homes, David Weekley Homes, Highland Homes and Drees Custom Homes.  The 1,100-acre residential community is projected to open in 2022.

• Dallas Business Journal, July 12, 2021