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Prescott thaws Lake Highlands projectsPrescott thaws Lake Highlands projectshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=69792013-06-25T15:26:00Z2013-06-25T00:00:00Z

DALLAS - After years of delay, Dallas-based Prescott Realty Group Inc. is moving forward on two Lake Highlands residential developments.

The developer bought a tract of land at Church Road and Skillman Street, preparing it for sale to MasterPlan Development Co., which plans to build 37 single-family home lots.

The new neighborhood, called the Bordeaux at Lake Highlands, should be finished by early 2014.

Along with the new neighborhood, Prescott Realty Group is moving forward on a $45 million apartment redevelopment project of White Rock Trail and Toscana apartments. The new apartment community will have 362 apartment homes.

The redevelopment of White Rock Trail and Toscana apartments should be finished by the end of summer 2014.

Last year, Prescott Realty Group received $23 million in a Federal Housing Administration-insured mortgage for Lake Highlands projects.

Dallas Business Journal
Dallas-Fort Worth-Arlington
Multifamily
http://www.bizjournals.com/dallas/news/2013/06/21/prescott-forging-ahead-on-lake.htmlRead more at {Source}

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