Denison part of 3,000-acre Lake Texoma projectDenison part of 3,000-acre Lake Texoma projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=76692013-04-18T07:28:00Z2013-04-16T08:30:00Z

DENISON - Schuler Development has purchased 600 acres of lakeside property on Lake Texoma from the City of Denison. The purchase is a key milestone for the development of Preston Harbour, a 3,000-acre lakeside development that will create more than $1.9 billion in new investment and new jobs.

The U.S. Army Corps of Engineers transferred 600 acres of lakeside property to the City of Denison which was then purchased by Schuler Development.

With the signing of this deed, Schuler Development officially owns a total of 3,000 acres of land near Lake Texoma, including nine miles of shoreline.

Schuler Development paid $1.9 million for environmental studies, and purchased the land for a little more than $1.8 million. The plan is to invest about $215 million in infrastructure  — from restaurants to shops and amenities, and build about 10,000 homes.

Read more at KXII, CoStar Group and REDNews. See more Denison area news on NewsTalk Texas.

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CoStar Group
http://www.costar.com/news/article/developer-buys-land-in-denton-for-3000-acre-mixed-use-project/147337Read more at {Source}

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