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Terra Manna acquires 97 acres for $160M Colleyville development
A. Lee Graham

Reporter

Terra Manna LLC of Southlake, a real-estate development and land management company, has acquired 97 acres at Glade Road and Heritage in Colleyville for a $160 million single-family development.

Marketed as Creekside at Colleyville, the community will feature homes by Standard Pacific Homes and MainVue Homes.

“We have been working with the heirs for more than two years to put this site together,” said Bobby Harrell, principal of Terra Manna in a news release.

“We anticipate a high demand for luxury homes in this area with a variety of lot sizes and high-end, active-lifestyle amenities.”

Local residents may know the site as the old Harrington family property, whose original owners helped pioneer Colleyville in the late-1800s. The site will be added to an adjoining piece of land for 269 lots. Home prices will begin in the $500,000s.

Phase one of the neighborhood features lots from Standard Pacific Homes, currently under construction and expected to be available in June 2014. Phase two is expected to be complete later this year.

The development will feature 30 acres of parks and open space on Little Bear Creek. Trails and several new lakes will be built in the park area to complement the existing lake on the north end of the project.

lgraham@bizpress.net

 

 

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