Bridge Tower Homes, a Dallas-based residential developer, has entered into a joint venture agreement with Hankyu Hanshin Properties Corp., a Japanese real estate company, for the creation of residential for-sale communities throughout Texas.
The joint venture’s first project is Saddlebrook, a 16-acre residential community located in Corinth, Texas, featuring 97 homes with floor plans ranging from 1,700 to 2,650 square feet. The companies plan to break ground on this project in March, and prices for the new residences will start at $385,000.
“This joint venture with Bridge Tower Homes represents a significant step in our global expansion strategy and our commitment to the robust Texas market, where Dallas stands out as a pivotal hub for our US operations,” said Masahiko Toda, executive officer of Hankyu Hanshin Properties. “Bridge Tower Homes’ deep regional expertise and integrated approach, combined with our extensive domestic and international housing development experience and institutional knowledge, create a powerful synergy. We are excited to contribute to the development of high-quality residential communities in Texas and look forward to aggressively expanding our business with Bridge Tower Homes in a successful, long-term partnership that delivers lasting value to homeowners.”
“This partnership marks an important milestone for Bridge Tower Homes as we continue to scale our platform and diversify our business,” said George Huang, co-CEO of Bridge Tower Homes. “We are excited to establish this long-term relationship with a firm of Hankyu Hanshin Properties’ caliber and look forward to delivering thoughtfully designed, high-quality homes for Texas residents for years to come.”
