Honeycreek

PHASE I: 2015–2018

FUNDED

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Overview

Phase I primarily consists of predevelopment item for Honeycreek. The Jorba family purchased the 1,200 acre Cross F Ranch in 2006 and through partnering with Creu Capital, the property has now grown to 1,800 acres. As part of the planning stages, Honeycreek was divided into separate sections based upon the topographical personality of the landscape.

Beginning in 2015, Creu Capital developed a master plan for the community, brought sewer and water to the site and partnered with the city of McKinney to bring a major thoroughfare to the property.

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Capital

THE STORY

The Jorba family purchased the 1,200 acre Cross F Ranch in 2006 and have now grown the property to 2,100 acres. Since 2015 Creu Capital has been instrumental in that growth by raising $15 million in capital, through American and international investors. The capital raised since 2015 was used to purchase multiple parcels totalling 500 acres surrounding the Cross F Ranch for $25 million.

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Planning

OVERVIEW

As part of the planning stages, Honeycreek was divided into separate sections based upon the topographical personality of the landscape. This was done to ensure the beauty of the property would remain intact and that any development would compliment its natural allure.

From high density growth areas where community developers can push the boundaries of smart-city innovation to passive open spaces where the property’s natural charisma and public art abounds, expert land planners worked to break the mold of traditional lifestyle communities.

Conceptual District

Honeycreek Phase I consists of 250 acres and includes single family homes, parks and open spaces, trails and the Honeycreek Conceptual District. The Honeycreek Conceptual District focuses on social interaction through the creation of cheerful parks, intimate gardens and paths, whimsical public art, state-of-the-art community centers and small, locally owned boutiques and restaurants.

Corporate Center

As more corporate relocations take place throughout the area, Honeycreek is ready to accommodate. This conceptual corporate campus provides easy access to Laud Howell Parkway and Hardin Boulevard. The density and careful design of the corporate district will work conjointly to eliminate the feeling of urban sprawl and isolation that has plagued suburban communities in the past.

The Jorba family offered this 200 acre parcel to aid in the city of McKinney’s pitch for Amazon’s HQ2. This acreage will remain the home for any future corporate relocations.

Branding

Once the land planning was complete, Creu Capital worked with industry leaders to secure a brand for the community that would showcase the family focused playfulness and ecofriendly construction of the future development.

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Infrastructure

ROADWAY INFRASTRUCTURE

Current negotiations between Creu Capital and the city of McKinney include a $12 million extension of Laud Howell Parkway from US 75 to the Honeycreek Phase 1 is in the works. Laud Howell Parkway will ultimately be a six-lane divided roadway crossing the property east to west, serving as a major arterial for traffic in the area.

SEWER INFRASTRUCTURE

The property currently has water on site and Creu Capital is constructing a $3.5 million 36 inch sanitary sewage line which will allow for a multitude of future development.

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ROADWAY INFRASTRUCTURE

Current negotiations between Creu Capital and the city of McKinney include a $12 million extension of Laud Howell Parkway from US 75 to the Honeycreek Phase 1 is in the works. Laud Howell Parkway will ultimately be a six-lane divided roadway crossing the property east to west, serving as a major arterial for traffic in the area.

SEWER INFRASTRUCTURE

The property currently has water on site and Creu Capital is constructing a $3.5 million 36 inch sanitary sewage line which will allow for a multitude of future development.