Whether you’re looking at retirement and downsizing, or you’re a first-time buyer looking to get into a popular development in Prosper, a new partnership between Grenadier Homes and California-based The Resmark Companies has right-sized, right-priced options.
The two have partnered to develop 198 single-family attached townhomes in two neighborhoods at Windsong Ranch in Prosper. It will be the only remaining development planned in the master planned community.
Resmark and Grenadier will partner on the second phase of the successful Villas at Windsong Ranch community for the development of 88 single-family attached one-story villa townhomes. A new townhome line of 110 single-family attached two-story townhomes within Windsong Ranch will also be part of the investment. Sales are expected to begin in summer 2019 with first occupancies in late 2019 and completion in summer 2023, a joint statement from the companies said.
Resmark is based in Los Angeles, but has offices in San Diego and Irvine, California, Austin, Texas, and McLean, Virginia. Grenadier is Dallas-based.
“This is our first investment in Dallas,” Michael Zarola, Senior Vice President of Investments for Resmark’s Land and Housing division, said in a phone interview. “And without it sounding like a sales pitch, what we really do kind of focus on partner first and real estate second.” (more…)