sanctuary-view-new-sky_0SouthStar Communities is a residential real estate development company with a very soft spot for veterans. Just in time for July 4, SouthStar is partnering with Operation FINALLY HOME, the Dallas Builders Association and the NFL Former Players Association, to build a custom home in The Sanctuary at Lake Ridge, a beautiful gated, neighborhood in Grand Prairie, Texas often featured on this blog. This is not SouthStar’s first donation rodeo. The developer has previously donated 10 homesites to veterans in its Vintage Oaks community in New Braunfels, named because of the on-site vineyard, and King Oaks near Bryan-College Station, Texas. Most of those homesites are downright huge: the lot SouthStar has selected to give away is one full acre.

Operation FINALLY HOME is an organization that partners with corporate sponsors, builders, developers and volunteers to provide wounded and disabled veterans and widows of fallen soldiers with brand spanking new, mortgage-free, custom-built homes.

The home itself will be built by Victory Custom Homes, owned by Alan Dulworth and former Dallas Cowboy Bill Bates. SouthStar’s 1-acre homesite will be in The Sanctuary at Lake Ridge community, with amenities including a golf course, 154-acre sports park, hike and bike trails and the 7,500-acre Joe Pool Lake. The community is home to many former sports stars. Since 1999, SouthStar has developed 20 communities throughout Florida, Texas, Georgia, North Carolina and South Carolina.

Operation FINALLY HOME is currently reviewing candidates to select the family that will be honored with the mortgage-free home, and will break ground on the home in July. The home is built solely through financial and material donations from the community, and fundraising for the project will begin soon. Those interested in supporting the project can submit donations online at Lakeridge.net/veteran.

“At SouthStar Communities, we’re grateful to the men and women of the military — and their family members — for the sacrifices they make for our country,” said Thad Rutherford, senior vice president of SouthStar Communities. “We’re proud to work with Operation FINALLY HOME, the Dallas Builders Association and the NFL Former Players Association on this project to provide a new home to the patriots who’ll be living in our community.”

SouthStar Communities is a residential real estate development company based in Dallas, Texas. The company is affiliated with SouthStar Development Partners, and led by CEO J. Larry Rutherford. The firm’s primary activities include the analysis, financing, acquisition, planning and marketing of real estate for both residential and commercial uses. For more information, visit www.southstarcommunities.com.

 

sanctuary-view-new-sky_0SouthStar Communities is a residential real estate development company with a very soft spot for veterans. Just in time for July 4, SouthStar is partnering with Operation FINALLY HOME, the Dallas Builders Association and the NFL Former Players Association, to build a custom home in The Sanctuary at Lake Ridge, a beautiful gated, neighborhood in Grand Prairie, Texas often featured on this blog. This is not SouthStar’s first donation rodeo. The developer has previously donated 10 homesites to veterans in its Vintage Oaks community in New Braunfels, named because of the on-site vineyard, and King Oaks near Bryan-College Station, Texas. Most of those homesites are downright huge: the lot SouthStar has selected to give away is one full acre.

Operation FINALLY HOME is an organization that partners with corporate sponsors, builders, developers and volunteers to provide wounded and disabled veterans and widows of fallen soldiers with brand spanking new, mortgage-free, custom-built homes.

The home itself will be built by Victory Custom Homes, owned by Alan Dulworth and former Dallas Cowboy Bill Bates. SouthStar’s 1-acre homesite will be in The Sanctuary at Lake Ridge community, with amenities including a golf course, 154-acre sports park, hike and bike trails and the 7,500-acre Joe Pool Lake. The community is home to many former sports stars. Since 1999, SouthStar has developed 20 communities throughout Florida, Texas, Georgia, North Carolina and South Carolina.

Operation FINALLY HOME is currently reviewing candidates to select the family that will be honored with the mortgage-free home, and will break ground on the home in July. The home is built solely through financial and material donations from the community, and fundraising for the project will begin soon. Those interested in supporting the project can submit donations online at Lakeridge.net/veteran.

“At SouthStar Communities, we’re grateful to the men and women of the military — and their family members — for the sacrifices they make for our country,” said Thad Rutherford, senior vice president of SouthStar Communities. “We’re proud to work with Operation FINALLY HOME, the Dallas Builders Association and the NFL Former Players Association on this project to provide a new home to the patriots who’ll be living in our community.”

SouthStar Communities is a residential real estate development company based in Dallas, Texas. The company is affiliated with SouthStar Development Partners, and led by CEO J. Larry Rutherford. The firm’s primary activities include the analysis, financing, acquisition, planning and marketing of real estate for both residential and commercial uses. For more information, visit www.southstarcommunities.com.

 

Here’s more proof of how well home builders are doing in some parts of the country, namely, of course, Texas: a Coral Gables residential developer recently bought up a super successful builder of residential communities, many in Texas.

In early May, SouthStar Communities paid $29 million big ones to buy Bluegreen Communities, which has created 11 residential developments in the Southeast and Texas. Close to home, Bluegreen owned the Lake Ridge development on Joe Pool Lake and the Reserve at Sugar Tree near Weatherford, as well as beautiful Vintage Oaks down in New Braunfels, Texas, which I have had the pleasure of visiting. Very impressed with the homes and the vineyard which is a part of the property development. SouthStar, which has been in business since 1999, is led by CEO J. Larry Rutherford, who has been on Bluegreen’s board of directors for 14 years. Boca Raton-based Bluegreen Corp. Bluegreen’s primary business is vacation resorts, such as time-shares. I’m told SouthStar will not be involved in timeshares.

Bluegreen also developed, then sold,  one of my favorite developments north of town, the lush Bridges at Preston Crossing. It’s a 1580 acre former private horse farm that Bluegreen turned into a living community with an 18 hole golf course, a clubhouse, pool, 24 acre fishing lake, greenbelts and forests all in Gunter, north of Prosper.  Here’s a huge plus for The Bridges: a first class equestrian center for all homeowners right in your backyard.



Once a playground for international polo players and Dallas’ elite, The Bridges Equestrian Center is now the perfect paradise for horse and riding enthusiasts.  Bluegreen sold The Bridges to Mehrdad Moayedi, than man developing out around Champ D’Or, aka Saint Stoneleigh — the man who snapped up the Stoneleigh Residences out of bankruptcy. I hear the ranch house, once the site of many a Cattle Barons bash, has been snapped up by a prominent Dallas family. BTW: coolio party at the Stoneleigh penthouse this Wednesday, so stay tuned for deets.

Near Cedar Hill, Lake Ridge is the Dallas answer to the Hill Country. Though at one time it held the unsavory title of the foreclosure capital of North Texas, LakeRidge is actually one of housing’s most complete success stories as the foreclosed inventory was absorbed.

“My wife is from Austin,” says former pro player Dexter Coakley. “Lake Ridge reminds me of those Hill Country hills and landscapes you don’t get in flatter parts of Texas. Plus there are bigger lots, so you can enjoy all your toys.”

The lots are huge in Lake Ridge, most averaging one to three acres per homestead. And the homes are large, too, with a minimum square footage requirement of 2200. Most are far larger: one retired couple built an 18,000 square foot home. Sam Putney’s Lake Ridge home, before he sold it, weighed in at 9202 square feet. (And that home was loaded!)

That SouthStar liked the props enough to buy is further evidence that these areas have turned the corner. Stay tuned for more news from these peeps: as they say in Hollywood, this is only the beginning.