272-unit, four-story apartment community on 14.1 acres at 2515 Knox Street near Light Farms, with studio, one- and two-bedroom homes and shared amenities.
Sofee’s read
Treat Topaz as confirmation that Celina is urbanizing, not as a reason to buy a house. If you like a home in 75009, price the future traffic and denser land use into the decision.
~$55M
TDLR's estimated construction cost for the 272-unit apartment complex, clubhouse, pool deck, detached garages and amenities
2026–2027
Site preparation underway, first move-ins expected summer 2027
What could happen
If it goes well
Topaz leases steadily after its planned summer 2027 opening, gives local workers and relocating households a credible rental option, and helps support more neighborhood retail. The project becomes part of a balanced housing mix rather than an isolated apartment block.
Watch out for
Celina's apartment pipeline outruns demand, leasing incentives rise, or delivery slips beyond 2027. The likely downside for nearby homeowners is prolonged construction and slower commercial follow-through—not a collapse in single-family values.
What this means if you buy nearby
More rental supply near Light Farms: Topaz adds 272 apartments at Knox Street near the Collin County Outer Loop. For buyers in 75009, that means more nearby residents supporting retail and services—but also more traffic before the surrounding road network is fully built out.
This is not a single-family value catalyst by itself. A $55M apartment project is evidence that developers expect continued demand in Celina, but it also gives would-be buyers another way to live locally without purchasing immediately. That can modestly reduce pressure at the entry end of the home market while helping the area mature beyond subdivisions alone.
Watch the construction edge: Site work and deliveries will be the near-term reality. Buyers closest to Knox Street should evaluate truck routes, future adjacent land uses, and how quickly Outer Loop connections improve before paying a premium for proximity.
Where it stands
Site preparation underway
First residents expected
For this project, verify next
What is daily life like in 75009?
Topaz at Light Farms Way touches this ZIP. The profile covers price, schools, commute and the honest tradeoffs.
Sources
Other Celina projects
Timelines shift. Every figure carries a source and a verified date.