MIDLOTHIAN – Hanover Property Co. has purchased 966 acres at the northeast corner of SH 287 and Walnut Grove Rd. for a $950 million master-planned community.
The development will include 2,000 single-family homes, 160 townhomes, 26 acres of commercial space, and 42 acres of industrial development around a 50-acre lake.
Homes will be priced from the $300,000s and will be available by early 2022.
JLL marketed the land on behalf of the seller, ECOM Real Estate, and represented the buyer. The project team also includes MESA and LJA Engineering.
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