HOUSTON – (Realty News Report) – M/I Homes has acquired nearly 230 acres in the Waller area that will be developed with 600 homes in the Sandhill Reserve community.
The Columbus, Ohio-based company purchased 175 acres from AQU Capital, the developer of the Sandhill Reserve, plus an adjacent 54 acres from Lea and Alvin Rollins. Todd N. Edmonds of Edmonds & Company Real Estate represented the seller of the 54-acre tract.
M/I Homes will develop and build homes in the southern portion of Sandhill Reserve, while AQU Capital’s development company, Avani Communities, will develop the northern portion. The acquired land is near the northeast corner of Margerstadt and Kickapoo Roads, about 11 miles past the intersection of Highway 290 and the Grand Parkway…