Looks like we’re going to get some new neighbors.

According to The Dallas Morning News, an Arizona developer has purchased 860 acres right down the road from our Craig Ranch location for a $300 million residential development.

Macavity Co. bought the property, which is located in Princeton at Monte Carlo Boulevard and FM Road 75, east of McKinney. Construction on the community called Whitewing Trails should begin sometime in January and it will include 2,800 homes.

Homes in the community will be priced from the low-$200,000s to low-$300,000s, according to The News.

Read more details and comments from the builders here.