A home builder with projects as high as ONE BILLION dollars is now dipping their toes in the Manufactured Home Community pool.
What does a developer who builds projects with white sandy beach lagoons, Flow-rider surfing simulator machines, splash parks, swim up bars and “in community” farmers’ markets have to do with manufactured homes???
Seems they have gotten bitten by the affordable housing bug.
Magatel Group, founded in 2006 is one of the largest private homebuilders in the nation (having built more than 100 developments with thousands of homes). They even have a ONE BILLION dollar project west of Dallas but the news today is their announcement that they are opening the floodgates for prefabricated homes with plans for a very large subdivision in Texas using manufactured homes. This is coupled with a five year vision of 10,000 such homes in newly built communities throughout the U.S.
The nearly 700 homes will be in Weston, a Dallas suburb in the “A” rated Celina Independent School District. Square footage will be 550 to 2,400. This is the launch of their prefabricated product line named: Golden Gate Communities.
So what does a developer who also builds $600,000 homes put into their brand new manufactured home community?
How about an amenity center with café, fitness center, resort-style swimming pool and other outdoor recreation activities such as Pickle ball, bocce ball, volleyball and a playground. Also, five acres at each community will be dedicated to a farmer’s market providing residents access to local produce (and will ultimately support small business owners and agricultural workers). These amenities will be exclusive to residents and not available to the public.
I will be digging deeper into this projects along with their future MHC projects (to find out answers to questions like; from where will all these homes come and what will the price point be?)
To be kept up to date just drop me a note in the comments or DM me and I’ll make sure you are copied on all future news.