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(E) Croatian Village in Dallas
By Nenad N. Bach | Published  02/16/2004 | Business | Unrated
(E) Croatian Village in Dallas

 

Croatian Village in Dallas

The following appeared in the Dallas Business Journal. John Kraljic

At the harbor
Developer uses Croatian village as model for new McKinney project
Christine Perez
Senior Writer
Developer Jeffory Blackard has snapped up 44 acres in the heart of
Stonebridge Ranch with plans to create a European-style, mixed-use
project.

Dubbed Harbor Market Village, the $100 million complex will be modeled
after the small Croatian town of Supetar on the Adriatic island of Brac.

The land deal closed Jan. 30, with Blackard and his partners paying an
undisclosed sum to the seller, Newland Communities. About one-third of
the property, which sits at the southeast corner of Virginia Parkway and
Stonebridge Drive, borders a 50-acre lake.

Blackard, president of Blackard Group Inc., said Harbor Market Village
calls for 79 villas, many of which will front the water, and about 300
condominiums or "flats," situated above lakeside retail and office
space.

A trio of Dallas companies is working on the project: HKS Inc. did the
masterplan, architect Warren Wilke is designing the first phase of
villas and Huitt-Zollars is serving as engineer. First United Bank &
Trust of McKinney is providing financing.

Blackard, 46, has developed more than 10,000 single-family lots in
Texas. Five years ago, he met a restaurant owner from Croatia and
eventually was persuaded by the country's ambassador to the United
States to take a look at real estate opportunities there.

"When people think of Croatia, they think of bombs, but in reality, it
has one of the most beautiful coastlines in the world," Blackard said.

He and a business partner bought a portfolio that included a hotel,
airport and commercial properties along the Supetar harbor. After the
acquisition, Blackard spent months studying the village, with the goal
of replicating it in Texas.

"People want to live in the kind of villages they see in Europe," he
said. "Once developers see how the village turns out, it will become the
new trend across America, and won't that be nice," he said.

David Radman, partner with Blackard in Harbor Market, said the villas
won't be "cookie-cutter."

"Most zoning ordinances require a lot of uniformity," he said. "This
allows for variances in setbacks and other things. Having that
individuality between buildings and between product types will make it a
lot more interesting."

Construction is expected to start in September on the lake, the villas,
a bank and a private school. The villas should be ready for occupancy by
September 2005.

Brian James, McKinney's director of planning, said Blackard's project
has general support. To date, the McKinney City Council has approved
zoning for the 8-acre villa component -- a mixture of single-family
homes, duplexes and townhomes.

Ted Wilson, partner at Residential Strategies Inc., called Harbor Market
Village "a unique concept that's sure to draw a lot of attention because
of its novel, urban approach."

Blackard said he can't specifically predict how Harbor Market Village
will turn out.

"A village isn't totally planned, it just grows," he said. "Whatever
it's going to become, it becomes."

Contact DBJ writer Christine Perez at cperez@bizjournals.com or (214) 406-7120

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Comments
  • Comment #1 (Posted by Adrian)

    There is no airport anywhere near the town of Supetar on the island of Brac. Furtheremore, I would appreciate it very much if someone could name the hotels that were bought up by the esteemed developer.
    I just got back from Brac and no one mentioned any such investment?
    P.S.The local Brac airport "Vladimir Nazor" (I believe it still goes by that name)is some 25 miles from Supetar on the other side of the island that features one of the most beautiful beaches on the Croatian coast.
     
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