Centurion American Development has purchased land on the north side of Lake Lewisville, near Dallas, and plans to build a $260 million project called Northlake Estates that will include building lots for 750 homes, walking trails, and a community center, reports The Dallas Mornings News real estate editor Steve Brown.
Construction is scheduled to start in the first quarter with the first homes available in 2017.
“In this area there are not many large tracts, especially with lake frontage and lake views,” said Rex Glendenning, of Rex Real Estate who brokered the sale. “This is one of the few big pieces.
Centurion American Development
is one of the largest new home community developers in North Texas. The company
is also renovating the historic Statler Hotel in downtown Dallas.