New Arlington Neighborhood Plans to Woo Older Buyers

An Arlington residential community hopes to lure more mature residents with a new neighborhood aimed at 55-plus buyers.The 2,083-acre Viridian community is one of North Texas' largest master-planned residential developments. It's been underway since 2011.Viridian's owners started work on a 141-acre neighborhood that will have about 500 houses for older residents.David Weekley Homes, Drees Custom Homes and CalAtlantic Homes will build the houses in the Viridian Elements project."We aspire to deliver the Viridian lifestyle to our active adults in a focused environment," Robert Kembel, general manager of Viridian, said in a statement.The new neighborhoods will include an amenity center with demonstration kitchen, fitness center, pool and game tables and meeting facilities."Residents of Viridian Elements also will have access to community pools, parks and other amenities in Viridian," Kembel said.The first model homes in the new community are expected to open late this year.Located just west of State Highway 360 along the Trinity River, Viridian has multiple residential neighborhoods and includes lakes, waterways, gardens and pedestrian trails.The development is owned by Johnson Development Corp. and Tricon Capital Group Inc.Homes at Viridian start at more than $250,000.Kembel said builders in the project reported 287 sales last year - more than double 2016's home sales.Viridian is just one of several North Texas home communities that are wooing aging buyers with new neighborhoods.The housing industry has identified downsizing baby boomers as one of the largest potential buyers of new homes during the next decade.  Continue reading...