Wednesday , 20 September 2017

Master-Planned Community Between Coit and Independence In Frisco

Master-Planned Community Between Coit and Independence In Frisco

Master-Planned Community Between Coit and Independence In Frisco

John R. Landon, founder and president of Landon Development Company, today announced the company’s acquisition of approximately 506 acres in Frisco, Texas, located just north of the Sam Rayburn Tollway (SH 121) between Coit and Independence Roads.

Landon plans to develop the property into a master-planned community of about 1600 residential home sites. The property was purchased from H. Roger Lawler, who has owned the tract since the 1960’s. Broker for the transaction was Mike Neitzel of Neitzel Real Estate Co. The purchase price was undisclosed.

Planning is underway for the property and the community is expected to contain home sites of varying sizes, along with a neighborhood amenity center. Landon Homes will be one of several featured builders offering homes with projected prices from the $300’s to $700’s. Landon projects that development will begin as early as Summer 2011, with model homes open for sales by first quarter of 2012.

“This property represents the largest single tract of undeveloped land in Frisco,” said Landon. “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. My philosophy for land acquisition has always been to focus on prime, “A” locations that offer the best in location and quality of life.”

John R. Landon founded Landon Development Company and Landon Homes in Plano, Texas, in 2006 and 2008, respectively. Landon has more than three decades experience in land development and homebuilding and was the founder of Legacy Homes in 1987 and Co-CEO and Chairman of an NYSE-listed national homebuilding company prior to founding the Landon companies. The Dallas Business Journal ranked Landon Homes, after just two years of operations, among the top 20 homebuilding companies for 2010. In that year, Landon Homes more than doubled in revenue generated and units closed compared to 2009.

“This property represents the largest single tract of undeveloped land in Frisco.”

— John R. Landon

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