Established: Mid 2005
Location: One-half mile west of Interstate 75 on Bethany Drive in Allen
Population: 1,200 homes planned
Average Home Price: $300,000 to $1 million plus
Average Home Size: 2,000 to 6,000 square feet
Lot Value: Individual lots will be available after Jan. 1, priced at about $500,000 per lot.
Lot Size: Varies from 50 by 115 feet to estate size, one-half acre lots.
Why Montgomery Farm? Montgomery Farm is the first meticulously planned, suburban conservation development in North Texas that does not pollute visually, audibly, or geographically. All residences must be energy efficient. The community’s main highway—Bethany Drive—is a vision of environmental art and function. It was designed through a collaboration of artists and engineers, and it was named “Public Project of the Year” by the Texas Public Works Association in 2004.
The community began as Frances and Philip O’Bryan Montgomery’s 500-acre horse farm north of Dallas on Highway 5 (Greenville Avenue) in the 1940s. Later, two Montgomery grandchildren dug in their heels to ensure that inevitable development would be under the guidance of the nation’s top conservation brainpower, with input from environmentally sensitive artists, engineers, builders, and landscape architects.
“No more cookie cutter lots,” says Amy Monier, a principal with Emerson Farm Company.
Freshly minted bankers and attorneys, techies, empty nesters, and families from Lakewood/Little Forest Hills who crave Allen’s excellent public schools.
Liz and Bill Jackson bought an approximately 3,500-square-foot, four- bedroom house with media room and study in The Park last April, moving up from a three bedroom Tudor on Monte Vista Drive in Hollywood Heights.
“Our home was getting too small,” says Liz, who has two children. “The location worked for us.”
Local Haunts: For now, Stonebriar Centre, but come April, a 900,000- square-foot urban retail resort called Watters Creek at Montgomery Farm developed by Fort Worth-based Trademark will be within biking distance. It will offer water features, outdoor dining, residential lofts, hotel, green public spaces, and art.