Brookfield Residential Texas

July 21, 2015 09:00 ET

Brookfield Residential Announces Leading Homebuilders for the First Phase of the Easton Park Community in Southeast Austin

AUSTIN, TEXAS--(Marketwired - July 21, 2015) - Brookfield Residential Properties, a leading North American land developer and homebuilder, announces new homebuilders for the first phase of Easton Park, part of a 2,200-acre master-planned community in southeast Austin. Brohn Homes, Highland Homes and Milestone Community Builders are set to build the Bryant Park neighborhood, which will encompass the first 175 home sites in Easton Park, along with a four-acre park dedicated to family fun, gaming and recreation. Home prices are expected to start in the mid-$200s.

"We are excited to begin model home construction for Easton Park," said Shaun Cranston, senior vice president of Texas operations, Brookfield Residential. "Easton Park is an outgrowth of the rapid growth of Austin, especially the need for quality housing in the southeast portion of town. We think the caliber of community we're building, its close-in location and the combination of some of Austin's finest homebuilders will make Easton Park a top destination for homebuyers in the fast growing southeast region. "

Located just 12 minutes from the city's center, Easton Park is Austin's largest master-planned community to break ground in more than 15 years. When complete, Easton Park will offer over 6,000 single-family and multifamily homes, along with approximately 1.4 million square feet of commercial retail space and up to two million square feet of commercial office space.

"We are excited to build in Easton Park and the potential of this area," said Garrett Martin, president, Milestone Community Builders. "We have had great success east of downtown and buyers are quickly recognizing the opportunity to live near the attractions that make the city great."

"The opportunity to expand our portfolio attracted us to the project," said Jay Smith, vice president of Highland Homes' Austin division. "This community, with over 300 acres of pathways, parks, green space and trail systems, will set a new standard for homes, amenities and outdoor activities in southeast Austin."

The model park will consist of up to 11 homes and is expected to begin construction by the end of July, with a grand opening by late fall. Shortly, Brookfield Residential expects to name additional builders for Easton Park's second neighborhood, Knob Hill. Both Bryant Park and Knob Hill will offer new model homes in the Bryant Park model complex.

About Brookfield Residential

Brookfield Residential Properties Inc. is a land developer and homebuilder in North America with its headquarters in Calgary, Canada. The Company entitles and develops land to create master-planned communities; builds and sells lots to third-party builders as well as their own home building division. The Company also participates in select, strategic real estate opportunities including infill projects, mixed-use developments, and joint ventures. For more information on Brookfield Residential, please visit our website at BrookfieldResidential.com.

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