An Addison-based homebuilder is ramping up its building to acquire edge of North Texas’ soaring dwelling product sales current market.
Grenadier Properties has been in business enterprise for additional than 25 decades and builds a variety of residential villas and townhomes.
The builder has doubled its range of communities in the past 12 months and options to maximize profits by 66% in 2021.
“Townhomes have generally been our enthusiasm,” stated John Egnatis, co-founder and CEO of Grenadier Residences. “When we initial started building, we centered on city townhomes and mid-rises and then progressed to patio residences, lakehouses and tailor made homes.”
Egnatis reported Grenadier Homes designs to get started 300 houses this 12 months in Dallas-Fort Worth, starting off in selling price from the mid-$200,000s.
The builder has communities in McKinney, Grand Prairie, Garland, Prosper, Fairview and Woodbridge in Wylie.
Property commences in the D-FW location rose by 33% in 2020, with additional boosts expected this 12 months.
A great deal of the housing demand has appear from 1st-time purchasers trying to find far more reasonably priced housing.
Grenadier Homes builds equally 1-tale and two-tale houses that start off in sizing about 1,400 sq. ft.
“There is a desire for one of a kind architecturally attractive spaces without having getting to invest in a large mansion and large good deal,” said Anthony Natale, president of Grenadier Properties. “Our strategy is dependent on a additional European and urban local community life style. “