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Transactions - DECEMBER 14, 2020

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Megatel Homes to develop residential project in Texas

by Released

Megatel Homes has secured 204 lots in the first phase of the development of the Venetian Lagoon community in the Dallas suburb of McKinney, Texas. Once completed, the more than $450 million project will feature approximately 1,200 lots, including multifamily and single-family homes located alongside a manmade lagoon. The homes will range in size from 1,200 square feet to 3,500 square feet and will be priced from $250,000 to $500,000.

“By offering homes equipped with both the traditional top-of-the-market multifamily amenities and an idyllic, beachfront lifestyle, we are able to deliver unparalleled value to the community's residents. The Venetian Lagoon community presents residents with a unique and luxurious waterside living experience in a suburban Texas location,” said Zach Ipour, co-founder.

Lagoon communities offer residents traditional multifamily amenities in addition to unique features, including convenient access to beach and waterfront recreational experi

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