Wednesday, July 30, 2014

Encore Land plans to develop 3,100 home lots in DFW

Encore Land Home

Land investment firm Encore Land LLC, a division of Dallas-based Encore Enterprises Inc., plans to develop 3,100 home lots throughout North Texas in the next year.

The massive pipeline of homes are located on Encore Land projects throughout the area, including Coppell, Mansfield and Midlothian, and will help appease the housing demand from the influx of residents moving to the region.

North Texas is experiencing high demand for new single-family homes, said Encore Enterprises Chairman Bharat Sangani.

"We estimate that there are currently only 3,000 finished vacant homes available in the DFW market," Sangani said, in a written statement. "We are confident that our new developments will contribute much needed supply to the North Texas housing market."

Encore recently completed development on 20 residential home sites in Midlothian for homebuilder J. Houston Homes. Those homes are scheduled for completion this fall.

The home lots in the Coppell and Mansfield developments are scheduled for completion by early 2015.