Monday, July 29, 2013

Dallas Developer Starts Lake Highlands Project

Dallas-based MasterPlan Development LLC has started turning dirt for a 37-home infill residential development in the Lake Highlands neighborhood of Dallas.
The construction started after developerStephen Davis acquired more than 10 acres near the intersection of Skillman and Church streets from Dallas-based Prescott Realty and Forest Meadow Baptist Church.
Robert Faust of Robert Faust Mortgage Co. arranged the equity for the new project, which will be called the Bordeaux at Lake Highlands.
"We should have this custom home community delivered next year," Davis, president and CEO of the development firm, told the Dallas Business Journal. "There are a lot of builders clamoring for infill deals."
Author: Candace Carlisle