LGI Homes purchased 240 acres in Cresson to build Brookside, a community of 850 homes with open space. The property is southwest of the intersection of U.S....
LGI Homes bought land for an 850-home development southwest of Fort Worth.Residential development continues to move in all directions of Dallas-Fort Worth, with a major homebuilder buying land in a largely undeveloped area about 25 minutes southwest of downtown Fort Worth.
LGI Homes purchased 240 acres in Cresson to build Brookside, a community of 850 homes with open space, according to the seller, an entity managed by Dallas developer Peter Malin. The property is southwest of the intersection of U.S. 377 and State Highway 171 on the south end of the new 3-mile Cresson bypass, which is expected to open to drivers in late 2023.
The site is just north of Granbury and south of Benbrook. Cresson is known as the home of Motorsport Ranch, a country club for car and motorcycle enthusiasts.Malin’s firm owns another 180 acres surrounding the property, mostly frontage along U.S. 377. Commercial real estate agency Venture Land Group will market that property for commercial uses, such as shopping centers, gas stations, banks and restaurants.
. Mitchell covers residential real estate across North Texas for The Dallas Morning News. He previously covered commercial and residential real estate for the San Antonio Business Journal. He is a graduate of the University of Cincinnati.
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