New Waxahachie Development to Offer 600+ New Homes
October 20 2020 - 4:39PM
Green Brick Partners has closed on the purchase of approximately
214 acres in Waxahachie, Texas for the development of Dove Hollow,
its newest single-family residential community. The Company intends
to offer over 600 single-family homes through its Trophy Signature
Homes brand.
The community will be located east of I-35E,
minutes from downtown Waxahachie. Land development will commence Q1
2021 and will include 50’, 60’, 70’, and 80’ wide homesites. Trophy
Signature Homes plans to offer homebuyers a mix of front and
rear-entry homes across three product lines.
“Easy access to the metroplex, a family-friendly
atmosphere, and an amenity-rich downtown has homebuyers flocking to
Waxahachie. We have seen tremendous interest from buyers in our
neighboring Buffalo Ridge community, and knew that expanding our
presence in Waxahachie was the next step in meeting the market’s
growing need for quality homes,” said Jed Dolson, Chief Operating
Officer for Green Brick Partners. “Dove Hollow has been designed to
meet the rising demand for larger homes with ample flex and office
space, that are less than a 30-minute drive into downtown
Dallas.”
The community will be developed in three phases
and will include abundant green spaces, a community park, and an
amenity center. As with every Trophy Signature Homes community, all
upgrades, including engineered wood floors, Smart Home automation
packages, and horizontal modern fireplaces, will come standard with
each home.
“Dove Hollow is located northwest of our Buffalo
Ridge community, where we opened for sales on September 11, 2020.
Despite having our models at Buffalo Ridge still under
construction, sales have been strong. We are confident that Dove
Hollow will receive a similar level of interest from buyers,” said
Stewart Parker, President of Trophy Signature Homes. “Our fresh
designs, work from home plans, and simplified home buying process
has been a huge success. At Trophy Signature Homes, the features
shown in our models are standard and always included in the price
of our homes. Our transparency has really resonated with buyers,
and we are confident that Dove Hollow will be no different.”
Trophy Signature Homes is slated to begin
construction of their homes in Dove Hollow mid-2022. Trophy
Signature Homes is currently open for presales in nearby Buffalo
Ridge with 3-5 bed, 2-4 bath homes priced from the $240’s. For more
information on available Trophy Signature Homes in Waxahachie,
please visit:
https://trophysignaturehomes.com/communities/dallas-ft-worth/waxahachie/buffalo-ridge.
About Green Brick
Partners Green
Brick Partners, Inc. (Nasdaq: GRBK) is a diversified homebuilding
and land development company. Green Brick owns five homebuilders in
Dallas, Texas (CB JENI Homes, Normandy Homes, Southgate Homes,
Trophy Signature Homes, and a 90% interest in Centre Living Homes),
as well as a controlling interest in a homebuilder in Atlanta,
Georgia (The Providence Group) and a homebuilder in Port St. Lucie,
Florida (GHO Homes). Green Brick also owns a noncontrolling
interest in Challenger Homes in Colorado Springs, Colorado and
retains interests in related financial services platforms,
including Green Brick Title, Providence Group Title, and Green
Brick Mortgage. The Company is engaged in all aspects of the
homebuilding process, including land acquisition and development,
entitlements, design, construction, marketing, and sales for its
residential neighborhoods and master planned communities. For more
information about Green Brick Partners Inc.’s homebuilding
partners, please visit
https://greenbrickpartners.com/team-builders/.
Forward-Looking and Cautionary
Statements Any
statements in this press release about Green Brick’s expectations,
beliefs, plans, objectives, prospects, financial condition,
assumptions or future events or performance that are not historical
facts are forward-looking statements. These statements are often,
but not always, made through the use of words or phrases such as
“may,” “will,” “should,” “predicts,” “potential,” “expects,”
“future,” “positioned,” “believes,” “projects,” “estimates” and
similar expressions, as well as statements in the future tense.
These statements are based on assumptions that Green Brick has made
in light of its experience in the industry as well as its
perceptions of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
under the circumstances, as of the date of this press release. All
such forward-looking statements involve estimates and assumptions
that are subject to factors that could cause actual results to
differ materially from the results expressed in the statements, and
you should not place undue reliance on any such forward-looking
statements. Among the factors that could cause actual results to
differ materially are the following: general economic conditions,
seasonality, cyclicality and competition in the homebuilding
industry; the failure to recruit, retain and develop highly skills
and competent employees; management and integration of
acquisitions; labor and raw material shortages; an inability to
acquire land for reasonable prices; an inability to develop and
sell communities; government regulation risks; mortgage financing
availability and volatility; severe weather or natural disasters;
difficulty in obtaining sufficient capital; poor relations with
community residents; and our debt and related service obligations.
Additional factors that could cause actual results to differ are
discussed in the “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in the
Company’s annual and quarterly reports filed with the Securities
and Exchange Commission. Green Brick undertakes no obligation to
update any forward-looking statement except as required by law.
Contact: Shalott CecchiniDirector of MarketingGreen Brick
Partnersscecchini@greenbrickpartners.comwww.greenbrickpartners.com
Green Brick Partners (NASDAQ:GRBK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Green Brick Partners (NASDAQ:GRBK)
Historical Stock Chart
From Apr 2023 to Apr 2024