Ferguson & Lakeland | Dallas, Tx
We contracted for this eight-acre site that featured a beautiful creek running along the back of the property. We knew zoning would need to be changed from single-family to townhouse. We were able to overcome significant opposition from adjacent property owners through many meetings with the city councilman and neighborhood residents. Ultimately the property was re-zoned to high-density townhouse zoning, which significantly enhanced the property value.
The Result: We eventually assigned our contract to a townhouse developer at closing for a substantial profit.