Thursday, June 01, 2017

Developer of Statler renovation buys Celina land for 168-acre project


Centurion American Development has purchased a large tract of land in Celina with plans to build a mixed-use project.
The 168 acres that just sold is west of Preston Road on the route of the Dallas North Tollway extension.
"This tract adjoins the highly successful Light Farms master planned development," said Rex Real Estate broker Rex Glendenning, who arranged the sale. "The property is located at the southeast corner of the Dallas North Tollway and the planned Collin County Outer Loop.
"Centurion's plans include retail-commercial development, as well as apartments and townhomes, which should be an easy 15-minute commute back to Legacy Business Park and its growing new employment base."
Centurion already has projects in the area, including Creeks of Legacy, Sutton Fields and Ownsby Farms. It also is the developer of the historic Statler Hotel project in downtown Dallas.
Steve Brown/Dallas Morning News