HSM Dalcon Purchases 69 Acres in Celina, TX for Residential Development
(Celina, TX) HSM Highland Crossing, LP, a partnership created and managed by Steve Donosky, President of HSM Dalcon, Inc., has purchased 69 acres of land in Collin County just outside the City of Celina, TX to develop Highland Crossing, a ranch estate project offering 58 one-acre home sites. The property is located on County Road 132 just north of the County Road 106 intersection and approximately two miles east of Preston Road. Andy McNally of Taylor Realty Associates of North Texas represented the seller, David Powell of Longview, TX, and Jim Breitenfeld, Vice President of the Office and Industrial Division of Henry S. Miller Brokerage, represented the Purchaser.
“With high demand for new homes by move-up buyers and a lack of available acreage lots in the market, we project Highland Crossing will be a very successful project,” Mr. Donosky noted. “We anticipate selling out in approximately three years pursuant to a takedown contract with custom home builder, Our Country Homes.”
Lots are scheduled for delivery in the fall of 2018, and homes by Our Country Homes will be available for the 2019 spring selling season.
Features of Highland Crossing include:
- Homes in the $450,000 to $550,000 price range
- Large open lots with plenty of space for outdoor living and gardening
- Underground utilities and manicured streetscapes
- No city taxes
- Quick access to Preston Road and the Dallas North Tollway
- Nearby grocery and retail shopping areas, medical care and hospitals, parks and recreation
- Excellent education in the Celina Independent School District
HSM Dalcon, Inc, specializes in land acquisition and single-family residential lot development. Other projects currently in development include Adkisson Ranch in Shady Shores and Shaw Creek Ranch in Ferris.
About Steve Donosky
Steve Donosky is President of HSM Dalcon, Inc. Steve began his career at HSM as a college intern in 1979 and continued as an associate with the Company until 1992. He re-joined the company in 2016 targeting shovel-ready projects in identified markets to develop lots for homebuilder clients needing immediate positions in those areas. Prior to rejoining HSM, Donosky served in managerial positions with Encore Enterprises, Inc., KD Financial, Inc., Donosky Real Estate Investments, and the Steve Donosky Company.
About Jim Breitenfeld
Jim Breitenfeld, Vice President in the Office and Industrial Division for Henry S. Miller Brokerage, specializes in representing property owners, tenants, and buyers/investors in the sale and lease of office and industrial properties. Before joining Henry S. Miller, Mr. Breitenfeld worked for multinational organizations including Schneider Electric, Johnson Controls and Brady Corporation, gaining experience in building systems and infrastructure and energy management solutions in the commercial real estate industry.
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