Green Brick Partners, Inc. Announces Expansion into Austin, Texas
February 08 2022 - 4:05PM
Green Brick Partners, Inc
. (the “Company” or
“Green Brick”), Fortune Magazine’s top 20 fastest-growing company
of 2021 and its fastest growing public homebuilder, announced today
its expansion into the Austin, Texas market.
Green Brick Partners will make its debut into
the Austin market through its Trophy Signature Homes brand. Trophy
Signature Homes constructs superior, affordable homes with
best-in-class energy-efficient features and an industry-leading
lineup of luxury upgrades included as standard features. The brand
is currently selling homes across 24 communities in Dallas-Fort
Worth, Texas.
“Economic opportunities and an unmatched quality
of life have driven people to relocate to the Austin area, creating
a robust demand for new homes,” said Jed Dolson, Chief Operating
Officer and Executive Vice President of Green Brick Partners.
“Inventory of new homes, particularly entry-level homes, continues
to be incredibly limited and is exacerbating the issue of access to
affordable homeownership. By expanding our footprint to the Austin
market, we seek to alleviate some of these issues through our
value-rich, entry-level homes.”
The Company has purchased approximately 383
acres of land in Elgin, Texas, 25 miles northeast of Downtown
Austin, for the development of its first Austin-area community,
Trinity Ranch. The neighborhood will be developed as a 50-50 joint
development with one of the largest public homebuilders in the
country.
The 1,700+ home community will feature a primary amenity center,
pocket parks, walking trails, and natural greenbelts. Trophy
Signature Homes will have 850 homesites with lot widths ranging
from 40 to 50 feet.
Construction of the homes is currently slated to
start by early 2023, and Green Brick Partners anticipates opening
for sales in the spring of 2023. The Company is also pursuing other
expansion opportunities in Austin.
About Green Brick Partners,
Inc.Green Brick Partners, Inc. is Fortune Magazine’s 2021
fastest growing public homebuilder and land developer in the United
States. The Company owns five subsidiary homebuilders in Dallas,
Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy
Signature Homes, and a 90% interest in Centre Living Homes), as
well as a controlling interest in a homebuilder in Atlanta, Georgia
(The Providence Group) and an 80% interest in a homebuilder in Port
St. Lucie, Florida (GHO Homes). Green Brick also owns a
noncontrolling interest in Challenger Homes in Colorado Springs,
Colorado, and retains interests in related financial services
platforms, including Green Brick Title, Green Brick Mortgage, and
BHome Mortgage. The Company is engaged in all aspects of the
homebuilding process, including land acquisition and development,
entitlements, design, construction, marketing, and sales for its
residential neighborhoods and master-planned communities. For more
information about Green Brick Partners Inc.’s subsidiary
homebuilders, please visit greenbrickpartners.com/homebuilders.
Media Contact: Shalott CecchiniDirector of
Marketing scecchini@greenbrickpartners.com
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