Shovel-Realty Luxury Condo Development Site
Shovel-Ready Luxury Condo Development Site
Marketing description
Discover a premier shovel-ready infill opportunity at 750 & 760 N. Plano Road in Richardson, TX—now featuring a pre-approved plan for rezoning to a 14-unit luxury townhouse community. Originally envisioned as an 18-unit condo project, the site has been strategically repositioned to align with the rising demand for modern, fee-simple townhomes in one of North Texas’ strongest residential markets.
Just minutes from US-75 and I-635, this prime location offers exceptional visibility, effortless connectivity, and immediate access to Richardson’s thriving tech corridor, top employers, retail, dining, and premier amenities. The surrounding area’s robust demographics and limited new-construction supply further enhance the project’s long-term value and absorption potential.
Ideal for builders and developers seeking a turnkey vertical-ready site, this property combines immediate build readiness with the upside of finalizing entitlements for a high-end residential community in a proven, high-demand submarket. This is a rare chance to secure a pre-entitled opportunity in one of North Texas’ most coveted locations.
Investment highlights
Shovel-Ready for Immediate Development: All groundwork is complete, and the site is positioned for a pre-approved rezoning to a 14-unit luxury townhouse-style community, allowing developers to move quickly into final entitlements and construction with minimal delays.
Prime Location: Ideally situated in Richardson’s thriving commercial and residential corridor with convenient access to US-75 and I-635, offering excellent visibility, strong connectivity, and high demand for new residential product.
Strong Demographics & Workforce: Located in one of the fastest-growing submarkets in the DFW Metroplex, surrounded by a high concentration of technology companies, corporate campuses, and a well-educated workforce—supporting strong absorption for new townhouse developments.
Residential-Focused Development Potential: The property’s repositioning from condos to 14 fee-simple townhomes aligns with market demand and provides versatility in design, layout, and exit strategy. Ideal for builders targeting luxury, low-maintenance living near employment hubs.
Robust Market Fundamentals: Richardson’s ongoing economic expansion and stable job growth continue to fuel housing demand, creating a strong foundation for premium returns on new townhouse projects.
High Traffic Counts: N. Plano Road delivers substantial daily vehicle traffic and excellent exposure—supporting both the long-term value and visibility of a boutique residential community.
Proximity to Amenities: Located near major shopping centers, restaurants, parks, and entertainment options, enhancing lifestyle appeal for future homeowners and strengthening the marketability of the community.
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