City-Wide Development Report 2015 The following is a guide to new and upcoming development in the City of North Richland Hills. Sections include updates on transportation projects, new commercial additions, and the growth of our residential community and offerings. Questions? Contact the Economic Development Department at 817-427-6090. Last Update: 3/11/2015 City Snapshot A brief overview of North Richland Hills, its demographics, and recent development climate. Development Trends The City of North Richland Hills has seen steady growth in recent years and expects that this positive trend will continue. NRH maintains focus on both new development on available land and redevelopment of current commercial and residential properties. Now that the North Tarrant Expressway project is complete, the city forsees an increase in business along the NTE corridor and an overall increase in business city-wide with this new transportation amenity. North Richland Hills Quick Facts Population: 65,000 Median Age: 38.5 Avg Household Size: 2.5 Avg Household Income: $81,000 Avg Home Value: $225,600 (ESRI) Last Update: 3/11/2015 | 2 Transportation Development Overview 2015 The transportation development overview details all current and upcoming roadway and rail projects within the city of North Richland Hills. In this section, you’ll learn about the ways that we’re working to make moving throughout our city and region easier and more convenient for you. Questions? Contact the Economic Development Department at 817-427-6090. Last Update: 3/11/2015 Upcoming Transportation Projects The map below shows the location of all current and future transportation projects, both roadway and rail. 1 North Tarrant Express 2 Rufe Snow Widening 3 Davis at Mid Cities Intersection Expansion 2 5 3 4 Davis at Smithfield Intersection 5 TEX Rail: Iron Horse and Smithfield Stops 4 5 1 Last Update: 3/11/2015 | 4 North Tarrant Express This 13.5 miles project, which began in October of 2010, doubles the lane capacity of Loop 820 and Airport Freeway and will include dynamic tolling in separated TEXPRESS lanes. All ramps, bridges, and passes have been temporarily closed during 2013 and 2014. This project is now completed and expects use by over 250,000 motorists daily by 2030. Rufe Snow Widening This project includes 1.25 miles of Rufe Snow Drive between Mid Cities Boulevard and Hightower Boulevard, taking the road from 5 lanes undivided to 7 lanes undivided. Other improvements include: asphalt to concrete, sidewalks/crosswalks, traffic signal modifications, and utility adjustments, burial at intersections. Construction will begin in early 2015 and end mid-2016. Last Update: 3/11/2015 | 5 Davis at Mid Cities Intersection Intersection expansion to begin in May of 2015 and end in January of 2016. Expansion includes dual left turn lanes from single turn, dedicated right turn lane, from shared, and raised medians on Davis. Davis at Smithfield Intersection This project will shift the intersection of Smithfield and Davis Boulevard and add signalization as needed. The shift will connect Smithfield to Bridge Street, create a dedicated northbound turn lane for better queuing, and add sidewalks and street lights on Smithfield. Last Update: 3/11/2015 | 6 TEX Rail This commuter rail, spanning, 27 miles, will take passengers from Fort Worth to DFW airport and is expected to see 15,000 daily riders by 2035. The first TEX Rail stops are scheduled to open in 2018 with 10 total stations planned over the course of construction. NRH will receive two stops, both of which are scheduled to open in 2022. Iron Horse Stop Smithfield Stop Located on Loop 820 at Iron Horse Blvd. Located near Davis and Mid Cities 2,200 estimated riders per day Origin and destination stop Primarily undeveloped (greenfield) 2,400 estimated riders per day Origin stop Primarily developed/redeveloped Last Update: 3/11/2015 | 7 Commercial Development Overview 2015 The Commercial Development Overview is a brief overview of the new business developments in our city. We hope that exciting commercial additions further enhance your life in North Richland Hills. Questions? Contact the Economic Development Department at 817-427-6090. Last Update: 3/11/2015 New Commercial Developments The map below shows the location of all current and future commercial projects throughout the city. These projects will bring new businesses to currently undeveloped areas and redevelop key locations in our city. These developments are each at different stages of progression, but will all bring new and exciting businesses, amenities, and opportunities for our residents and neighboring communities. 5 1 City Point 2 Smithfield TOD 3 Rufe Snow at Loop 820 4 Precinct Line at North Tarrant Parkway 4 2 3 5 Davis at Precinct Line 1 Last Update: 3/11/2015 | 9 City Point This 74 acre planned development is zoned for retail, office, hospitality, and multifamily uses and already has selected areas under contract. This development will also be home to the new NRH municipal complex. Smithfield TOD This development is currently in the developer solicitation process. Currently, the City owns this grouping of 13 acres west of Davis Boulevard and north of Mid Cities Boulevard. This mixed use development is only 700 feet from a future rail stop. Last Update: 3/11/2015 | 10 NE Corner of Rufe Snow at 820 Redevelopment north of Loop 820 includes the addition of four new retailers: Floor and Décor (late 2013), WinCo Foods (late 2014), Chipotle (early 2015), and Dairy Queen (early 2015). SE Corner of Rufe Snow at 820 Redevelopment south of Loop 820 includes the addition of a new fast casual restaurant, Taco Cabana, and the listing of approximately 9 acres of for additional restaurant and hospitality developments. Last Update: 3/11/2015 | 11 SW Corner of Precinct Line at North Tarrant Parkway This 26 acre development will include a Kroger Marketplace, LA Fitness, Chick-fil-a, Whataburger, Wendy’s, and CVS with room for further development on additional pad sites. SE Corner of Davis at Precinct Line This 10 acre development includes our newest grocery store, Aldi Food Market, a CapitalOne Bank, and will be home to Jason’s Deli Express, AT&T, McDonald’s, and AutoZone. Two additional pad sites are available in this development. Last Update: 3/11/2015 | 12 Residential Development Overview 2015 The following Residential Development Overview is a guide to the progression of residential growth in the City of North Richland Hills, including announcements of upcoming neighborhoods and additions, measures of activity by neighborhood, and the average price per square foot for both the city as a whole and selected neighborhoods. Questions? Contact the Economic Development Department at 817-427-6090. Last Update: 3/11/2015 Residential Development Analysis The graphs and charts in this section use information gathered from our Development Services departments. These visual aids aim to illustrate the expansion of our residential sector over the past four years. In this section, you will find information about residential lot width and area and the most active neighborhoods in the city of North Richland Hills. Most Active Neighborhoods This graph shows the most active neighborhoods between 2011 and the present. For the purposes of this graph, activity is measured by the number of residential building permits issued in each neighborhood. Last Update: 3/11/2015 | 14 Overall Average Lot Width This graph shows the average lot width for each of the most active neighborhoods between 2011 and the present. Woodland Estates South has the largest average lot width of 82 feet. Overall Average Lot Area This graph shows the average lot area for each of the most active neighborhoods between 2011 and the present. Thornbridge East has the largest average lot area at 11,641 square feet. Last Update: 3/11/2015 | 15 Most Active Neighborhoods: 2013 This graph shows the most active neighborhoods in 2013. West Hightower Place continued to grow with 33 new homes permitted. Brynwyck also saw a large amount of activity with 26 new permits. Most Active Neighborhoods: 2014 This graph shows the most active neighborhoods in the first half of 2014. This year’s development has continued previous years’ trends of growth with West Hightower Place again topping the list with 22 newly permitted homes. Last Update: 3/11/2015 | 16 Single Family Residential The City has seen over 415 single family residential starts since 2012 with an average entry of approximately $300,000 per home. This residential lot growth rate ranks second in Northeast Tarrant County. Currently Developed Lots 166 Total Lots 2 1 5 1 Thornbridge West 2 Saddlebrook 4 6 3 3 Home Town 4 Steward Estates 5 Stonybrooke Villas 6 Briar Pointe Villas Last Update: 3/11/2015 | 17 1 Thornbridge West This residential development will include 37 lots currently developed along the intersection of Davis Boulevard and Shadywood Lane. Homes will be priced between $350,000 and $450,000. 2 Saddlebrook This residential development will include 30 currently developed lots along Saddlebrook Drive west of the intersection of North Tarrant Parkway and Davis Boulevard. Homes will be priced between $350,000 and $450,000 Last Update: 3/11/2015 | 18 3 Home Town This residential development will include 37 currently developed lots in the Home Town neighborhood near the intersection of Davis and Mid Cities Boulevards. Homes will be priced between $350,000 and $450,000. 4 Steward Estates This residential development will include 15 lots under development near the intersection of Amundson Drive and Crane Road. Homes will be priced at $350,000 and above. Last Update: 3/11/2015 | 19 5 StonyBrooke Villas This residential development will include 30 currently developed lots at the intersection of Davis Boulevard and Hightower Drive. Homes will be priced between $350,000 and $450,000 6 Briar Pointe Villas This residential development will include 17 3-bedroom townhome lots at the intersection of Amundson Drive and Main Street. Homes will be priced between $250,000 and $265,000. Last Update: 3/11/2015 | 20 Single Family Residential The City has seen over 415 single family residential starts since 2012 with an average entry of approximately $300,000 per home. This residential lot growth rate ranks second in Northeast Tarrant County. Lots Under Development 388 Total Lots 6 2 5 1 Harmon Farms 3 1 2 Thornbridge East 3 Graham Ranch 4 4 Cambridge 5 The Reserve at Forest Glen Developer TBD 6 Smith Farm Addition Last Update: 3/11/2015 | 21 1 Harmon Farms This residential development will include 28 lots under development off of Eden Drive and Rumfield Road. Homes will be priced in the $400,000 range. 2 Thornbridge East This residential development will include 41 lots under development along Precinct Line Road and Belshire Drive. Homes will be priced between $350,000 and $450,000. Last Update: 3/11/2015 | 22 3 Graham Ranch This residential development will include 32 lots under development near Rufe Snow Drive between Hightower and Chapman Drives. Homes will be priced between $350,000 and $450,000. 4 Cambridge This residential development will include 192 lots under development along Iron Horse Boulevard and southwest of the intersection of Rufe Dnow Drive and Mid Cities Boulevard. Homes will be priced between $200,000 and $400,000. Last Update: 3/11/2015 | 23 5 The Reserve at Forest Glenn This 29 acre residential development will include 74 single family lots recently platted on the northeast corner of Bursey Road and Smithfield. Homes are estimated to be priced at $400,000 and above. 6 Smith Farm Addition This residential development will include 21 single family lots recently re-platted along Douglas Lane near Cross Timbers Park. Currently, there is no estimated home pricing for this brand new development. Last Update: 3/11/2015 | 24 Home Town Mixed Use Development This development includes a variety of housing types both rented and owner-occupied with immediate access to many commercial and municipal amenities. Multi-Family Town Homes 1 Enclave at Home Town 3 Home Town Canal District 2 Dolce Living Single Family 4 Home Town Canal District 5 Villas at Home Town 1 3 4 5 2 Last Update: 3/11/2015 | 25 1 Enclave at Home Town This multi-family community includes 260 rental units priced at $1.28 per square foot with one, two, three bedroom apartments and four bedroom townhomes available. Community amenities include a swimming pool, fitness center, door-to-door trash pick up, and direct access to the Walker Creek Trail. 2 Dolce Living 300 rental units priced at $1.30 per square foot with one, two, three bedroom apartments available. Commercial space available on lower level of buildings facing Grand Avenue. Community amenities include a swimming pool and spa, community park, fitness center, and on-site pet park. Last Update: 3/11/2015 | 26 3 4 Home Town Canal District This residential development will include 76 lots for single family detached homes as well as townhouses located east of Home Town Lake and south of Mid Cities Boulevard. Currently, there is no estimated home pricing for this brand new development. 5 Villas at Home Town This residential development will include 37 lots for single family detached homes located east of Home Town Lake and north of Boulevard 26. Currently, there is no estimated home pricing for this brand new development. Last Update: 3/11/2015 | 27