News Article | 7/27/2007


WAXAHACHIE, Texas (July 27, 2007) – Hillwood has purchased 1,267 acres of the Saddlebrook Estates development in Waxahachie, Texas from Centurion American. Located approximately 25 miles south of the Dallas Central Business District, the community is east of Interstate 35E and along the north side of Highway 287. The property is zoned as Planned Development (PD) for single-family, multi-family, duplex, retail and commercial uses.

The PD requires Saddlebrook Estates to have a variety of lot sizes, amenities, landscape standards and specific building requirements. The development and building standards within this master-planned community encourage a level of quality and amenity that exceeds the normally required standards.

Plans for Saddlebrook Estates include 2,900 single-family lots ranging from 6,600 square feet to 12,500 square feet. Approximately 36 acres along the Highway 287 frontage are set aside for commercial/retail development. Another 18 acres are available for multifamily use.

“Waxahachie is a promising emerging market that will continue to expand over the next few years,” said Brian Carlock, vice president for Hillwood Residential. “Saddlebrook Estates is the first amenity-rich master-planned community in this market or surrounding markets. It will offer a high quality of life due to its easy commute to the Dallas business districts and its amenities, which include four swim clubs, 275 acres of parks, several playgrounds, miles of hike and bike trails, on-site schools, and multiple home builders, with various price ranges and lot sizes.”

The population of Waxahachie is expected to increase by 15% by 2011. Waxahachie is the county seat and the largest city in Ellis County, which is the second fastest growing large county (100,000+ residents) in North Texas behind only Collin County.

New homes will be priced from $150,000 to $300,000. Saddlebrook Estates is located in the Waxahachie Independent School District.

Since 1988 Hillwood has developed residential communities with innovative features and top recreation amenities. The company has delivered more than 18,000 single-family lots in more than 30 cities throughout North Texas, including Fort Worth, Dallas, Plano, McKinney, Melissa, Saginaw, Allen, Frisco, Grapevine, Trophy Club, Forney, Rockwall, Glenn Heights, Red Oak and Mesquite. Communities currently under development include the Creeks of Preston Hollow in Dallas, Heritage in Fort Worth, Heartland in Kaufman County, Chisholm Ridge in Fort Worth, Liberty in Melissa, Saratoga in Fort Worth, Creekwood in Saginaw, Twin Creeks in Allen, Harmony in Red Oak, Gateway Estates in Glenn Heights and Falcon’s Lair in Mesquite. In Jackson Hole, Wyoming, Hillwood also is developing Bar BC Ranch.

In addition to its exceptional residential communities, Hillwood is best known for its development of the 17,000-acre AllianceTexas project, located 15 miles northwest of DFW Airport; the $420-million American Airlines Center and Victory district near downtown Dallas; and the 2,000-acre AllianceCalifornia development near Los Angeles.