As much as I hate to admit it, the Aggies manage to do something I find useful from time to time – Texas A&M has a Real Estate Center that tracks development and real estate trends, with a special focus on Texas real estate. Here’s a convenient link that will search their archives for all articles they’ve noted relating to the Dallas-Fort Worth-Arlington Market that mention the word ‘Forney’. They routinely post who-bought-what-land type news, which I’ll summarize from time to time on this blog. To catch up, here’s some interesting news from the past year and a half or so you may not have heard. Some of this news is old enough that any developments mentioned may no longer be planned, but it’s interesting to see who’s been buying what land, etc…

May 2005 – Standridge Cos. bought 95 acres in unincorporated Kaufman County near the Travis Ranch development. The land is situated near Highway 80 & FM 460. The plan is for a 250,000 square foot shopping center and ten pad sites, tentatively called “Forney Crossing”. According to the article, they’re waiting for further growth and development in Forney before they build the entire center. The 95 acres was on the market for $1.9 million.

Posado’s Mexican Cafe has been rumored to be involved in Mustang Crossing – indeed, in May 2005, they put 1.4 acres under contract for a 7,000 square foot restaurant (the Chilli’s that’s already open there is approximately 5,800 square feet). Nothing seems to have happened since then concerning the Posado’s.

February 2006 – Walgreens, Starbucks, Cingular Wireless, VIP Cleaners and Creating Memories are signed up to be the inital tenants in Shafer Plaza at Mustang Crossing.

April 2006 – The North Central Texas Council of Governments (NTCCOG) released a study showing that Forney had seen a 14.61% increase in population up to 10,200 people.

July 2006 – Hanover Property Co. obtained 920 acres of land off of FM 548 to build a 2,700 home residential community to be called Devonshire. Seven homebuilders have signed on to the project, and lot development is planned to begin in November 2006, with lots ready in late 2007 and homes ready to move in by early 2008.
I’ll be sure to post anything else interesting I see posted to their site concerning Forney.

In the meantime, if you have any Forney-related news or information, please feel free to email me!