This is the piece of land just West of that new flower shop, South of White Settlement, North of the Trinity. Has been owned by Chesapeake. Recently (or is in the process of) sold to a developer and is slated for high-end residential. I heard 37 lots, 8 riverfront, ranging from $200k to $500k per lot. Based on looking at the aerial, that seems like too many lots for the size of the property but we'll see. Evidently they are selecting builders, so I assume there will be announcements coming relatively quickly.
That section of the river, and the green space around it, is such a hidden gem. Hopefully the development does it justice.