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John Hutchinson And Dustin Davidson Of Hines Acquire 90 Acres For Furst Ranch Development In Denton County
SOLD
National
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Sold 08/15/2024
Summary
Asset Type:Development Site
Transaction Type:Sale
The transaction involves a development site spanning 90 acres located in Denton County, Texas. The site is part of a larger project, Furst Ranch, which will ultimately encompass 1,000 acres of master-planned community development. The community is expected to include over 1,300 homes, with prices ranging from $800,000 to $2.5 million, and plans for additional land purchases in the coming six years.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Acres: 90
- Market: Denton County
- Buyers: John Hutchinson & Dustin Davidson - Hines; Morley Greene - Trez Capital
- Brokers: King Laughlin & Michael Cotten
Hines, in partnership with Trez Capital and the Furst family, is actively involved in the acquisition of the property for future development. This collaboration highlights a significant investment in the region's housing market, indicating a robust plan for community growth in Denton County.
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