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dan326

Wampold buys 350 acres

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This is going to be a huge development!

Wampold, Fetzer buy Bluebonnet property

Developers John Fetzer III and Mike Wampold have purchased 350 acres off Bluebonnet Boulevard Extension for $5 million in a deal that closed Monday. The land is between University Club and a 550-acre tract that Wampold bought in 2005 for $11.8 million. Wampold bought the earlier tract with plans for a master planned community; he and Fetzer were out of town and unavailable for comment. The sale price was for $14,285 an acre, less than the $21,455 an acre, which Wampold paid in the earlier deal and reflects the fact the land doesn't have frontage along Bluebonnet.

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Wow! Now 900 total acres! Seems like I remember seeing a mock site plan for the original master-planned community?? Even in the good economic times this was going to take 10-15 years to build out this massive development.

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