Landon Homes Purchases 500-acres
April 15, 2011 1:08 am
Dallas Business Journal – by Candace Carlisle, Staff Writer
Date: Thursday, March 31, 2011, 10:10am CDT – Last Modified: Thursday, March 31, 2011, 10:26am CDT
Dallas-based home builder Landon Homes has purchased 506 acres of land in Frisco’s Texas 121 corridor.
The land is located between Coit Road and Independence Parkway, north of Texas 121.
John Landon, president of Landon Homes, says he’ll build up to 1,600 homes on the site and could have models open the first part of 2012. Landon Homes specializes in single-family homes that typically cost from $300,000 to $700,000.
Landon purchased the property from H. Roger Lawler, who also sold another 300 acres of land at Rolater Road in Frisco to Warren Clark Development Inc., according to reports.
The financial details of the land sales were not disclosed. Mike Neitzel of Neitzel Real Estate Co. brokered the transaction.
“This property represents the largest single tract of undeveloped land in Frisco,” said Landon, in a written release. “With such close proximity to the new Sam Rayburn Tollway and the Dallas North Tollway, I consider this property to be one of the finest locations in the Metroplex and am committed to seeing it become an extraordinary neighborhood.”
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