City of Buda says signed term sheet is step toward resolution with MileStone on 775-acre Persimmon project


Multiple representatives from the city of Buda issued statements on Oct.30 after the Austin Business Journal confirmed that MileStone CEO Garrett Martin sent a signed term sheet to the city the week prior. This means a tentative deal has been reached to bring forth thousands of homes south of Austin after years of at-times contentious negotiations. Read more about the city's response and the next steps for the Persimmon development. Also, subscribers can access ABJ's list of the biggest homebuilders.

Previous Pacesetter Homes launches next phase of 4,000-home community in Lavon
Next Target CEO Brian Cornell buys luxury Wayzata condo (gallery)