DALLAS — This story was originally published by our content partners at the Dallas Business Journal. Read the original version here.
More pieces are falling into place for the massive University Hills development, with two major homebuilders signing on to handle hundreds of the planned houses.
Hoque Global, the developer of University Hills in southern Dallas, announced on Nov. 1 it sold roughly 580 lots to D.R. Horton Inc. and Lennar Corp. to build townhomes and single-family homes in the community. It will be located north of I-20 near the University of North Texas at Dallas and could eventually feature tons of housing as well as commercial space and parks.
The homes are anticipated to range in price from $300,000 to $500,000, the Dallas Morning News reported.
With two homebuilders on board, Hoque Global plans to start construction on infrastructure for the project early next year and welcome its first residents in mid-2026, according to the announcement.
The Dallas-based firm also looks to attract retail and a major grocery store tenant for the development. Hoque Global CEO Mike Hoque told the DMN he'd love for it to be H-E-B.
"Lennar is proud to be involved in the University Hills project, which perfectly combines a prime location with convenient access to retail and amenities," Greg Mayberry, division president for Lennar, said in a statement. "This collaboration sets a new standard for modern, affordable living in what is sure to be, one of Dallas' most sought-after communities."
The University Hills project has been several years in the making. In 2022, it was approved for $31.4 million in tax increment financing for the first phase of the development.
In May, Hoque received approval from the Dallas City Plan Commission for 571 residential lots, 33 common areas and roughly 17 acres designated for commercial space.
Once it's complete, the development could feature 1,500 multifamily residents, hundreds of single-family homes, 1.5 million square feet of commercial space and over 50 acres of green space.
"University Hills will be a catalyst for walkable urban development in Southern Dallas County," Dale Petroskey, president and CEO of the Dallas Regional Chamber, said in a statement. “A high quality of life and economic mobility in this historically under-championed community is a key area of focus for the Dallas Regional Chamber, and this will help ensure the future prosperity of the Dallas Region. We are grateful for Hoque Global’s partnership and commitment to advancing infrastructure and housing at University Hills."
Hoque Global is an investment firm founded in 2007 that specializes in sectors including logistics, hospitality and real estate. Mike Hoque has been an active real estate dealmaker, with one of his latest deals being the proposed purchase of the dilapidated low-rise property at 711 S. St. Paul St. in downtown Dallas. Hoque has also teamed up with Mike Ablon to try and purchase Bank of America Plaza, the city's tallest building.
Hoque Global has proposed major real estate developments around the Metroplex, although some have been slow to come to fruition. The firm has pushed for the development of what it's calling the Newpark district in downtown Dallas and, about 30 miles to the southwest, a $50 million mixed-use development along Smith Street in downtown Mansfield.
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