HUFFINES BUYS 593 ACRES FOR MASTER-PLANNED COMMUNITY

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COLLINS COUNTY, TEXAS — Huffines Communities, a Dallas-based neighborhood and master-planned community developer, has purchased 593 acres of land in Collins County for a master-planned community called Parker Lakeside. The tract of land features four miles of frontage along the west side of Lake Lavon. Huffines purchased the land from the Hanover Group. The new site will offer approximately 1,400 lots for homes ranging from $260,000 to $1 million. Huffines will soon begin building streets, utilities, a club house with pools, trails and a grand monument entrance. The developer will also sell builders tracts of land ranging from 50 to 100 acres, as opposed to selling fully constructed home lots. The community will eventually house an elementary school, tennis courts, a fitness center, parks, hike/bike trails and commercial components. Road construction is slated to begin in 2014.

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