November 17, 2024 3:27 pm
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Jack Matthews sells tract to Meritage Homes

Developer Jack Matthews has sold a tract of land within The Tribute to homebuilder Meritage Homes in a rare sale. / Jake Dean
Developer Jack Matthews has sold a tract of land within The Tribute to homebuilder Meritage Homes in a rare sale. / Jake Dean

By Candace Carlisle | Dallas Business Journal

Developer Jack Matthews has sold a 55-acre tract of land in The Tribute Lakeside Golf & Resort, a 1,600-acre master-planned community in The Colony, to Meritage Homes.

Terms of the deal were undisclosed.

“This is a rare deal for us,” Matthews told the Dallas Business Journal, in an exclusive interview. “On our side, we probably drove them a little bit crazy until we were comfortable with their designs. It’s a big thing to bring someone into your community.”

This is the first time the developer has sold a tract of land within The Tribute, which is highly controlled to protect the investment of homeowners.

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