MELISSA – Taylor Morrison and NexMetro Communities bought a 92 acres near US 75 and Melissa Rd.
The property was sold by Astra Development and will be used for a community called Stoneridge.
Taylor Morrison will build and sell 194 single-family homes. NexMetro Communities will build and lease more than 200.
Construction starts this summer.
CBRE brokered the land sale with SRI Properties.
Get more DFW-area news on the Texas Real Estate Research Center’s website: