Walton Global, an Arizona-based real estate investment and land asset management company, has announced the 126-acre Stage 1 sale of a property known as Lake Ridge Parkway. Located in Dallas-Fort Worth within the larger Lake Ridge Parkway Master Plan, the land parcel was purchased with plans for residential development. The builder intends to develop the property in multiple stages as part of a 400-acre community. 

“Upon Lake Ridge Parkway’s completion, the builder will deliver an abundance of housing near major employment centers, including Google’s $600 million data center in Ellis County,” said Rob Nixon, Senior Vice President of Real Estate for Walton Global in the Central Region and Canada. “The community is located within what is commonly referred to as the ‘Hill Country of Dallas,’ offering future residents breathtaking views and rounding it out as an incredible place to live.”   

This property contains dual zoning, with the northern portion of the site located in Cedar Hill zoned for single-family residential purposes, while the southern portion is located in Midlothian and zoned for medium-residential and industrial uses. The project is anticipated to deliver over 800 homes once completed. 

Lake Ridge Parkway is located near numerous restaurants and retail shops, including Walmart, Target and Kroger. Cedar Hill Crossing, Hillside Village, Tangle Ridge Golf Course and the Lake Ridge at Joe Pool Lake are also very close by. The property is located on Lake Ridge Parkway, just west of Highway 67, which places residents about 20-minutes outside of downtown Dallas. 

Walton Global recognizes Dallas-Fort Worth as one of the nation’s fastest-growing regions. With a variety of assets remaining across the state of Texas, the company is actively collaborating with homebuilders to address the critical need for housing inventory.