Dallas, TX (PRWEB) August 27, 2010
A clear signal of a rebounding housing market in North Texas came today with the Greater Fort Worth Builders Association announcement of plans to launch its first major home tour in two years.
This year marks the 20th anniversary of the Kaleidoscope of Homes, and the fall promotion has early signs of being one of the most impressive luxury home shows yet, says Cary Clarke, immediate past president of the GFWBA and chairman of the 2010 Kaleidoscope event. Slated Oct. 9-31, the tour encompasses a three-week period with four weekends and is expected to draw about 30,000 visitors, based on previous years’ attendance.
The Kaleidoscope site, Shady Oaks in Southlake, is described by developers as the last, best piece of undeveloped land in the popular Northeast Tarrant County city.
“The 100-acre residential community just off Dove Road between Highway 114 and Highway 1709 has rolling terrain, varied topography and natural beauty,” Clarke says. “Southlake is one of the hottest luxury residential submarkets in Dallas/Fort Worth and internationally acclaimed for its innovative, pedestrian-friendly Southlake Town Square.”
He adds: “This year’s Kaleidoscope features developers and builders who have had a major impact on the luxury home-building industry in Northeast Tarrant County and throughout the D/FW Metroplex.”
Developer Terra/Hat Creek is a joint venture between two high-profile Tarrant County real estate operations, Terra Land and Hat Creek Development Company. Principal partners are Kosse Maykus, Bobby Harrell and Paul Spain.
Kaleidoscope builders – Scott Simmons Estate Homes, Venetian Custom Homes and Harrell’s building company, Harrell Custom Homes – are constructing luxury estate homes ranging from 7,000 to more than 9,000 square feet priced from $2 million to almost $4 million.
The community’s current phase has half-acre home sites, and a new phase of 1/3-acre lots is just beginning construction. A park with walking trails and benches surrounds a large pond with a fountain. An impressive limestone wall and entrance with custom cast-stone accents and a fountain highlight the wide promenade of stately oaks leading into the community. Durham Elementary/Intermediate School campuses are across Shady Oaks Drive from the development.
The Kaleidoscope – believed to be the only single-site luxury home tour scheduled this year, not only in Texas but throughout the nation – very likely will contribute to jump-starting home building in North Texas after a difficult couple of years, Harrell says.
Financing is being provided by Southwest Securities Bank.