|
Wade Settlement, Frisco, TX |
DALLAS, TX – Megatel Homes, one of
the most successful homebuilders in the state of Texas, has acquired 100
finished lots for development of three- and four-bedroom, three-story
townhomes in Wade Settlement, a residential community in the Dallas suburb of
Frisco.
The 100 lots are in addition to 200 lots the company
already has under contract in the community.
“Frisco is one of the fastest growing and most desirable
areas in the Dallas-Fort Worth metroplex, with homes typically priced upwards
of $450,000,” said Zach Ipour, co-founder of Megatel Homes.
“This acquisition aligns perfectly with our affordability
strategy and allows us to expand our Wade Settlement development with
reasonably priced townhome product at a starting price in the low $300,000s.”
|
Zach Ipour |
The additional lots purchased by Megatel are finished and
ready for construction, saving Megatel Homes substantial time and money,
thereby increasing the gross home sales potential to more than $100 million.
Located at the intersection of Parkwood Boulevard and
Highway 289, 22 of the townhomes have been pre-sold ahead of the opening of
the community model home, which is expected to be completed in September
2018.
Megatel
anticipates that the full Wade Settlement community will be sold out with the
next 18 to 24 months.
The lots were purchased from Siena Homes, a competing
builder, allowing Megatel Homes to better control the price point of the
community and reduce competition in the surrounding area.
Contact:
|
No comments:
Post a Comment