Austin builder expands into Dallas-Fort Worth market

Oct 29, 2013
Austin Business Journal

Austin-based PSW Real Estate has bought two land sites for residential projects near White Rock Lake in East Dallas as part of the builder's expansion into the North Texas market

The developer and homebuilder opened a Dallas office in February, and plans to expand its presence in Dallas-Fort Worth with urban-style homes

It's another big step for the fast-track developer, which made this year's Austin Business Journal Fast 50 list. PSW was ranked No. 5 among businesses with revenue over $10 million with 116.94 percent revenue growth between 2010-2012, part of a strong showing by Austin-area developers and homebuilders on the list

PSW Real Estate plans to break ground on the White Rock Lake projects by early 2014. The homes will be priced from the mid-$300,000s to the high $400,000s

"With job growth, population growth and amenities throughout the urban core, PSW has focused our recent acquisitions within the 635 loop to North Oak Cliff and the Bishop Arts area," Adam Stetson, the division president for PSW, told the Dallas Business Journal in an exclusive interview

Along with the two White Rock projects, PSW is building in two sites in North Oak Cliff near the Bishop Arts District. So far, the builder plans to develop 145 homes in North Texas this year

The company is seeking to buy land sites elsewhere for development, Stetson told me

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