Where Can Dallas/Fort Worth New Construction Investors Build in 2023?
The Dallas/Fort Worth region has many opportunities for new construction investors. The size of the area can be daunting. Learn more about where to invest.
The Dallas/Fort Worth Metroplex is the largest metro area in the state in terms of population. It rivals the greater Houston area for geographic size.
Low inventory in many parts of the state is one of the factors that has contributed to high sales prices in Texan metro areas. The Dallas/Forth Worth Metroplex’s real estate market is poised to be one of the hottest in the country in 2023. This could be a great time for builders to investigate new construction opportunities for both residential and commercial properties.
Read on to learn more about possible locations for new residential and commercial construction in the Dallas/Fort Worth area.
Good news: DFW poses fewer new construction restrictions than other Texan metropolitan areas
New construction appears to be declining throughout the Dallas/Fort Worth area. The pipeline for new commercial construction is slowing down, according to reports. The number of new home building permits has also been decreasing in numerous Metroplex cities and towns.
The good news is that most cities in the DFW area do not place many restrictions on new construction. The location of the Metroplex also gives it room to grow. Other major Texas cities present construction limits based on history, law, or geography:
San Antonio places strict limits on building in areas deemed historic. Expansion to the north of town is limited because of the Edwards Aquifer, which provides the city with nearly all its water.
Read more: Where can San Antonio New Construction Investors Build in 2023?
Austin has been embroiled in a dispute over changes to its zoning laws for years, leaving builders and developers unsure of what to expect. The city also sits on the eastern edge of the Edwards Plateau, which restricts construction and development west of town because of the rugged terrain.
Read more: Where can Austin New Construction Investors Build in 2023?
Houston has no zoning laws, but rather a complicated mix of building codes and deed restrictions. Much like the Metroplex, the city has grown to the point that the urban area rivals the smallest U.S. states in size. Houston and its surrounding communities cannot expand any further south, however, because of the Gulf of Mexico. The Metroplex has no such barriers.
Dallas/Fort Worth’s basic zoning law guidelines
Image by Susan Wilkinson from Pixabay
Zoning laws are fairly straightforward in the Metroplex. The main challenge is that there are so many different sets of laws. The Metroplex consists of eleven counties. Fifteen cities have a population of at least 100,000 people. Another fifty-five cities have populations between 10,000 and 99,999 people.
Dallas and Fort Worth have fairly similar zoning laws:
Dallas Zoning Laws
Single-family residential
Zones allow lot sizes ranging from 5,000 square feet to 3 acres
Multifamily residential
Zones include “duplex/townhouse” and “clustered housing/multifamily” designations
Commercial
Zones are divided into “office,” “retail,” “commercial/industrial,” “mixed use,” and “multiple commercial” categories
Fort Worth Zoning Laws
Single-family residential
Zones allow lot sizes ranging from 5,000 square feet to 2.5 acres
Multifamily residential
Zones include “low,” “medium,” and “high” density based on the number of units per acre, as well as an “urban residential” zone for mixed-used developments
Commercial
Zones include “low,” “medium,” and “high” intensity, with variations based on factors like business activities and building height
Depending on where you want to build, zoning laws may set different or additional restrictions. Capstone Capital Partners can assist in researching your new construction opportunity in the DFW area.
Areas to build properties in Dallas/Fort Worth
Highland Park
Photo by Ansem27 on Wikimedia Commons [Creative Commons]
This suburban city is located in both Collin and Denton Counties on the Metroplex’s north side. It has an estimated population of over 225,000 as of early January 2023, and its growth shows no signs of stopping.
A developer recently announced plans to build 1,200 new homes in the area. A luxury golf resort recently opened in Frisco. Plans are underway for a Universal Studios theme park. These and other developments are sure to continue boosting the Frisco real estate market.
North Fort Worth
Photo by Mark Fisher on Wikimedia Commons [Creative Commons]
Both commercial and residential new construction opportunities are ripe in the northern part of Fort Worth, Texas.
Fort Worth is the smaller part of DFW, and its reputation is not nearly as glitzy. If Dallas is known for opulence and excess, Fort Worth’s reputation centers on hard work. The Fort Worth Stockyards processed and sold a million cattle every year a century ago. While that area is now a historic district and shopping center, other parts of town are continuing the city’s industrious tradition.
In 2015, Facebook began work on a data center on the north side of Fort Worth, near the boundary between Tarrant and Denton Counties.. The final phase of its construction began in 2020, and it is scheduled for completion in 2023. The Meta Fort Worth Data Center represents a significant career opportunity for the area.
As of late 2022, data centers are one of the most sought-after types of commercial property. People are moving more and more activities online, creating an ever-greater need for digital infrastructure. Texas presents an enticing environment for data centers because of its deregulated power market.
Frisco
Photo by Rainchill on Wikimedia Commons [Creative Commons]
This suburban city is located in both Collin and Denton Counties on the Metroplex’s north side. It has an estimated population of over 225,000 as of early January 2023, and its growth shows no signs of stopping. A developer recently announced plans to build 1,200 new homes in the area. A luxury golf resort recently opened in Frisco. Plans are underway for a Universal Studios theme park. These and other developments are sure to continue boosting the Frisco real estate market for some time.
Build from the ground up with Capstone Capital Partners!
New construction projects require careful research and planning on your part. They also require an efficient lender. Team up with Capstone to work with a team experienced in both commercial and residential ground-up construction projects in DFW and beyond. From the time you pour foundation, all the way through loan servicing, Capstone will support you.
Start your pre-approval for a new construction project in the Dallas/Forth Worth Metroplex by answering a few easy questions online.
