The Dallas Business Journal (DBJ) recently named Bright Realty as the third largest residential developer in North Texas. In addition, Castle Hills, Bright RealtyÂ’s master-planned community, was named as North TexasÂ’ third largest residential development.
Bright Realty and Castle Hills were both featured in the DBJÂ’s Â“The List,Â” annual rankings compiled by researchers at the publication. According to the DBJ, Â“The ListÂ” names Â“the hottest area companies in their fields,Â” is a Â“trend-tracker, serves as a barometer for the economyÂ” and Â“keeps an eye on Â‘whatÂ’s up, whatÂ’s down, whoÂ’s in and whoÂ’s headed out.Â’Â”
North Texas residential developers were ranked by the number of local lots developed or under construction in 2011. Bright RealtyÂ’s 571 lots beat out other well-known developers such as Hillwood Communities and Hines. Residential developments were ranked by new home starts through the first quarter of 2012. Bright RealtyÂ’s Castle Hills, a 2,500-acre Lewisville master-planned community, came in at 226 starts, just under Trophy Club and McKinneyÂ’s Westridge community.
Â“Being number three in this highly competitive market is an accomplishment and we are proud to be recognized for our hard work and success,Â” said Eric Stanley, Bright Realty president and chief operating officer.