LGI Homes Acquires Parcel No. 3 of Luckey Ranch Master-Planned Community
- Feb 09, 2015
Texas-based housing development builder LGI Homes acquired 239 acres of residential land at the Luckey Ranch master-planned community in San Antonio. The seller was Kalikow Group, on behalf of KEP Luckey Ranch Global Associates, and the sale price remains undisclosed.
Luckey Ranch is a 610-acre development planned to offer 2,400 homes to the region. Additionally, the project includes 71 acres zoned for commercial use, currently marketed for sale and/or development. The property is located at Loop 1604 North and Highway 90, west of downtown San Antonio.
This is LGI’s third parcel acquisition at the Luckey Ranch site. In 2011, the company purchased its first 93-acre residential land parcel, and in 2013 it added another 208 acres.
Kalikow Group has been the owner of Luckey Ranch since 2007. CEO Ed Kalikow stated says the company is looking for more investment opportunities in San Antonio and throughout the Southwest due to the area’s job growth and stable housing market.
Photo courtesy of LGI Homes.