New McKinney community will offer home-style rentals

Dallas developer Provident Realty is headed to McKinney with a new rental housing community.

Provident Realty’s parcHAUS project is a complex of single-family style rental units built with amenities including a swimming pool and community center.

The 134-unit McKinney project follows a growing trend of developers building single-family rental projects for residents who don’t want a high-density apartment.

“It’s our new ‘cottage’ prototype – our version of single-family rental,” Provident CEO Leon Backes said. “Every unit has a yard.

“No one is living above them,” he said. “There’s lots of green space – very kid and pet friendly.”

The new rental community will be located at 1999 Skyline Dr in McKinney and has a building permit value of $14.6 million.

Backes said he just purchased a second development site in Celina for another 185 units.

Provident Realty is one of the Dallas area’s most experienced developers, with a track record of apartments and mixed-use development.

The company currently has a traditional rental project underway just east of Highland Park.

Several developers and volume homebuilders are currently offering new single-family rental projects in North Texas, which are gaining in popularity.

Developer Provident Realty Advisors' new Celina community will include 185 single-family home style rental units.
Developer Provident Realty Advisors’ new Celina community will include 185 single-family home style rental units.(Provident Realty )

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