$1 billion Collin County Community is Growing with Land Purchase

Mustang Lakes in Celina has added more than 500 acres, which will allow for an additional 1,600 homes.

A $1 billion Collin County residential development is growing with a big land purchase.

Developer Cambridge Cos. has acquired an additional 557 acres for its Mustang Lakes project in Celina.

The land buy will allow for an additional 1,600 homes in the 3-year-old residential community near Preston Road at Roseland Parkway, north of U.S. Highway 380.

With the expansion, Mustang Lakes is now planning about 3,400 homes by the time it’s finished. Houses in the project range in price from $300,000 to $2 million.

“This addition of land will allow us to complete the overall vision for Mustang Lakes,” Matt Alexander, vice president for Dallas-based Cambridge Cos., said in a statement. “We took the utmost care to create a master plan that respected the past while creating a wonderful place for new families to call home.

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SOURCE: Dallas Morning News