Encore Land, a division of the Dallas-based Encore Enterprises, Inc., has purchased 43.5 acres of land for the development of Aday Estates, located one mile west of I-35E on FM 66 in Waxahachie, Texas. Prior to the start of construction the company plans to move a historic building located on site.
The seller of the property was Mr. and Mrs. Don Walker of Waxahachie. Gary Giles of Giles Real Estate handled the sale and Matt Bilardi of Transwestern Commercial Services represented the builder. The project will bring 36 new one-acre estate lots to the Waxahachie community.
“Waxahachie is the rapidly growing county seat for Ellis County and with the opening of the new Baylor Scott and White Hospital, there is an exceeding need for quality single family residential housing in the area,” said Developer Steve Donosky, President of Encore Land. “Due to high demand for houses in the Waxahachie School District, we are projecting Aday Estates to sell out within twenty-four months from initial lot delivery.”
Lillian Custom Homes (www.lilliancustomhomes.com) has committed to build homes in the project. Encore Land is scheduled to begin construction on the subdivision in early 2015. Homes will be available in the summer of 2015, just in time for the new school year.
“The North Texas area continues to experience high demand for new single family homes,” said Bharat Sangani, Chairman of Encore Enterprises. “Aday Estates will assist in alleviating some of this problem by offering affordable homes in a great school district starting from the low $200,000s.”
Currently situated on the land for the development is the Aday Homeplace, one of the oldest farmhouses in Ellis County, dating back to the late 1800s.
“One of our objectives as developers is to preserve historic buildings located on the properties that we purchase for new projects whenever possible. The home is vintage Queen Anne Victorian architecture that we estimate was built over 100 years ago,” Donosky said.
Encore Land has reached an agreement with 360grassroots, a non-profit that focuses on economic revitalization through historic architecture. The organization, founded by Stephen and Bridgette Hawks of Midlothian, will be moving the home for the original heirs of the Aday homestead property where it will be renovated and preserved prior to the start of construction of the subdivision.
About Encore Land
Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information visit www.encore.bz, or call 214-259-7000.