Adobe
PMB Capital Investments, a Dallas-based real estate investment and development firm, said Tuesday the first phase of its planned Reunion residential community in Fort Worth's Alliance Corridor is "slated for delivery in fall 2022."
Reunion, near Texas 114 and U.S. 287, will feature more than 10,000 single-family homes, the Northwest public schools, major highway accessibility, nature-focused amenities, and 3,600 acres of preserved lakes, rolling hills, waterfalls, woods and natural terrain. The Dallas Morning News first reported plans for the development in 2019.
The first phase of homes – with prices ranging from the $250,000 to more than $600,000 – will feature residential lot sizes varying from 40-foot cottage-style lots to 70-foot estate lots. Builders include American Legend Homes, Perry Homes and UnionMain Homes.
"Reunion is a family-focused community created as a place to reconnect, rediscover and reenergize," PMB said. "Evoking a small town in harmony with its surroundings, Reunion offers a chance to live in a community with natural topography and a collection of outdoor-focused amenities."
Outdoor amenities include kayak launches, sporting fields, playgrounds, pavilions, parks, walking trails and an amphitheater available to residents. The community will have a clubhouse, pool and fitness center.
“We’re excited to officially introduce Reunion,” Peter Pincoffs, PMB Capital partner, said in a release. “When we purchased this land, we imagined a community that would meet the demand for reasonably priced single-family homes. Now as we begin construction, we’re happy to have not only made that a reality, but we’ve created a space that encourages homeowners to embrace the exceptional features that this native landscape has to offer. Reunion is a truly unique setting in Texas.”
Reunion, between Newark and Rhome, is near Texas Motor Speedway, Alliance Town Center, and Tanger Outlet Mall. PMB said it plans commercial development within the project.
PMB's plans for Reunion include commercial and retail development, multifamily communities and active adult living projects.
PMB, based in Dallas, was founded in 2013 by Peter Pincoffs, Matt Mildren, and Taylor Baird, PMB is a privately-held real estate investment and development company. It owns or controls more than 12,000 acres of land in the Metroplex, representing approximately 40,000 residential lots and more than 1,500 acres of land for commercial development.
The firm develops finished lots for homebuilders, builds single-family for rent communities, and develops commercial property adjacent to its own master-planned communities. PMB currently has nine Dallas-Fort Worth projects underway and is actively developing more than 2,000 annually lots for the most active homebuilders in the market.
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