Japanese home builder buys Flower Mound’s Canyon Falls

FLOWER MOUND – A Japanese home builder and developer has purchased the 1,200-acre Canyon Falls development on the west side of Flower Mound.

Started in 2013, Canyon Falls is planned for about 1,750 single-family homes, apartments, and shopping and commercial space.

New homes in the community, located on Cross Timbers Dr. east of I-35W, are priced from more than $300,000 to over $500,000.

Sekisui House, Japan’s largest home builder, acquired the Denton County development from owner Wheelock St. Capital. The sale included another residential project in Colorado.

Home builders Ashton Woods Homes, Coventry Homes, Highland Homes, K. Hovnanian Homes, Toll Brothers, Drees Custom Homes and Ryland Homes have been selling at Canyon Falls since summer 2014.