Tuesday, July 31, 2018

Movin' on UP ...way up NORTH!


Texas Real Estate Developers and Global Alternative Investment Firm Värde Partners Acquire Windsong Ranch in Prosper, Texas



​​​​Carey Marin at BusinessWire writes that Tellus Group, a joint venture of Vä​​rde Partners and developers Craig Martin and David Blom, has purchased the Windsong Ranch from the Terra Verde Group. 

The 2,030-acre master-planned​ community is at 1001 Windsong Pkwy. S. At full build-out, the community will have 3,100 single-family homes, 600 acres of open green space, and 150 acres of mixed-use development. 

It will be the first North Texas development to offer​ a Crystal Lagoon (I bet the folks in Rowlett are pretty jealous). The five-acre lagoon will open in spring 2019.

Homes will be priced from the $200,000s to over $1 million. Builders include American Legend Homes, Belclaire Homes, Britton Homes, Chesmar Homes, Darling Homes, Drees Custom Homes, Grenadier Homes, Highland Homes, Huntington Homes, and MainVue Homes.

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