C
edarwood Development has announced its plan to construct a 272-unit multifamily community in Celina, Texas, approximately an hour north of Dallas. The four-story complex, named Topaz at Light Farms, will be built on a 14.1-acre site at Knox Street and Collin County Outer Loop. The project's construction is expected to begin next summer, with completion estimated in 18 to 20 months. The cost of the project has not been disclosed yet.

    The development will feature a mix of studio, one-bedroom, and two-bedroom units ranging in size from 600 to 1,280 square feet. The construction and design will be handled by affiliates of Ohio-based developer Tri-C Construction and Cedarwood Architecture. Once completed, Cedarwood will manage the property.

    Celina's rapid expansion, particularly its growing population and job market, was a significant factor in Cedarwood's decision to develop in this area. The availability of land, strong job growth, and proximity to amenities like grocery stores were key reasons why Celina was an ideal location for this project, according to Timothy Ridner, Cedarwood's vice president of multifamily development.

    Celina's growth has garnered national attention. The U.S. Census Bureau ranked it as the fastest-growing city in the country, with a population of 43,717 as of last July, representing a significant increase of 26.6% from the previous year.

    The Celina Economic Development Corporation has recently acquired a 32-acre plot near the historic downtown square for mixed-use development, including hotels, retail, and offices. Cypress Equity Investments has proposed a 700-unit apartment complex called Celina Downtown, in addition to its 300-unit Alpine Ten55 project near Celina Town Square. Furthermore, grocery chain H-E-B has acquired 21 acres in the planned 3,200-acre Legacy Hills development, aiming to capitalize on the area's rapid growth.