(Dallas, Texas) July 29, 2014 – Encore Land, LLC, established as a division of the Dallas-based Encore Enterprises, Inc. in 2013, has completed the land development portion for its first single family residential project, Jordan Run Estates Phase II, located in Midlothian, Texas.
“The 20 lots in the second phase of Jordan Run Estates in Midlothian are the first in a long list of projects we have planned for the coming year,” said Steve Donosky, President of Encore Land. “We currently have several other developments in the pipeline across the North Texas region, including developments in Coppell, Las Colinas, Fort Worth, Mansfield, Waxahachie, and a second project in Midlothian.
J. Houston Homes is the homebuilder for the Jordan Run Estates community, and new homes will be available in the fall of 2014. Completion of the Coppell, Mansfield, and Waxahachie developments is slated for early 2015. New projects totaling over 3,100 lots across the Dallas-Fort Worth Metroplex are currently in Encore Land’s pipeline.
“The North Texas area is experiencing high demand for new single family homes. As of June 2014, there were about 10,000 new units under construction across the DFW Metroplex, but this has not been enough to keep up with increasing demand,” said Dr. Bharat Sangani, Chairman of Encore Enterprises. “We estimate that there are currently only 3,000 finished vacant homes available in the DFW market. We are confident that our new developments will contribute much needed supply to the North Texas housing market.”
About Encore Land, LLC.
Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information visit www.encore.bz, or call (214) 259-7000.