Developer Buys More Land for Mustang Lakes Project
Developer Cambridge Cos. has acquired additional land to expand its $1 billion Mustang Lakes development near Preston Road at Roseland Parkway in Celina, The Dallas Morning News reported.
The acquisition of an additional 557 acres means the developer can build 1,600 more homes, bringing the total for the finished project to 3,400.
Homes in the three-year-old development range in price from $300,000 to $2 million. The company said home sites in the new third phase will be ready by the end of 2019.