Hillwood Communities — a Ross Perot Jr. company — has acquired 400 acres from the Wells family in Celina with plans to develop a $500 million, 1,250-home master-planned community.
Terms of the acquisition were not disclosed.
The Wells family had owned the land at the northeast corner of Coit Road and Frontier Parkway near Preston Road since before the Civil War. David Davidson Sr. brokered the land deal.
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