What is Chisholm Summit?
RA Development has proposed the city’s first master-planned community. The project will feature residential homes, over 100 acres of dedicated parkland, including an equestrian center, a community park, pocket parks, trail parks, and over ten miles of an interconnected trail system that will weave through the development. The project will also feature large peaceful ponds for fishing and relaxing and horseback riding trails.
Chisholm Summit will feature 28 acres of commercial space, Hooper Business Park, a 106-acre professional office park/medical district, and Chisholm Square, a community “downtown” node that will be similar to the city’s Old Town.
The development will feature a variety of residential lot sizes to meet any resident’s age, family status or income. Townhomes, 40 to 80 foot lots and estate lots ranging in prices from the $290,000’s - $1 million will all be available. At build out the project is expected to accommodate approximately 3,066 residential units. The homes will be located in the Joshua Independent School District, water will be provided through the Johnson County Special Utility District, sewer will be provided by the City of Burleson and electric will be provided by United Cooperative.
The project will improve roadways, giving Burleson residents direct access to Chisholm Trail Parkway and greatly enhance emergency response times to the city’s western residents.
What is a master-planned community?
A master-planned community is a large-scale residential neighborhood with a large number of recreational and commercial amenities, such as golf courses, tennis courts, lakes, parks, playgrounds, swimming pools, and even stores and restaurants. Some master-planned communities may have schools, office parks, large shopping centers and other businesses.
Residents move there to experience a self-contained environment.
A master-planned community differs from a subdivision based on the number of amenities it offers. It may contain one large residential area, or it may be broken down into multiple subdivisions and neighborhoods.
Sometimes, the community’s developer will allow separate builders to create these smaller subdivisions so that each one is unique and offers residents something different from the others. This may include housing styles, home sizes, prices and lot sizes.
Development Agreement Key Points
- Term of the agreement to be 25 years
- RA Development to dedicate a three-acre tract for a city public safety facility
- RA Development to coordinate, design, and construct all public infrastructure, including roadways, sewer, lift stations, etc.
- RA Development to coordinate any Public Improvement District (PID) construction and activities
- City will reimburse the developer for the design and construction costs of extending Lakewood Drive from FM 1902 to CR 1020
- City will reimburse the developer for the design and construction of the sewer line and lift station to serve this development
Project Next Steps
- September 2021 – Design contracts for roadway and sewer improvements.
- June 2022 – Construction of roadway and sewer improvements to begin.
- December 2023 – Construction of roadway and sewer improvements to be completed.
- 2024 – New homes to begin construction in Chisholm Summit.
At the May 3, 2021 city council meeting, TischlerBise, a third-party fiscal, economic and planning consulting firm, presented their financial analysis of the Chisholm Summit development. The financial study showed that the proposed development would add approximately $1.15 billion in taxable value to the city and add roughly ten percent to the city’s sales tax collections. The city is projected to receive $1.66 in revenue for every dollar of expenditures. This does not include any development that will take place at Hooper Business Park.
July 2020: City council created a Master-Planned Community Policy, which included guidelines and criteria for city participation and incentives for development of master-plan communities. View the Master-Planned Community Policy.
December 2020: Economic development staff presented an updated strategic plan to city council that outlined the department’s shift from focusing incentives on industrial/manufacturing to corporate and regional office development. They also identified a location to establish a professional office park near Chisholm Trail Parkway. View the economic development strategic plan.
March 15, 2021: The 4A Board approved a third-party financial analysis of the project.
May 3, 2021: TischlerBise presented Chisholm Summit financial analysis to city council, outlining a net positive impact of the development to the city. View TischlerBise analysis. Watch TischlerBise presentation to city council.
May 17, 2021: Economic Development staff presented a Public Improvement District (PID) overview of Chisholm Summit to city council, along with the development standards for the project. View the staff PowerPoint. View the PID policy. Watch staff presentation to city council.