KDC AND CENTRE LIVING HOMES TO DEVELOP NEW HOUSING COMMUNITY AT CITYLINE

Developer and Dallas homebuilder to create community of single-family homes

RICHARDSON, Texas (June 2, 2016) – KDC today announced that Centre Living Homes will develop a new community of single-family houses at CityLine, the 186-acre mixed-use project in Richardson, Texas.

“KDC is excited to offer home ownership within walking distance of CityLine’s fabulous restaurants, amenities, Whole Foods Market and the CityLine Bush Station on DART’s Red Line,” said Walt Mountford, KDC’s executive vice president. “CityLine is a wonderful place for Centre Living to continue their legacy of providing upscale, urban living environments to DFW homebuyers.”

The intimate urban neighborhood will consist of 32 three-story homes ranging in size from 2,750 to 3,300 square feet. The community will be located on CityLine Drive, just east of Plano Road, adjacent to CityLine Market and near the State Farm and Raytheon office campuses. Construction is slated to begin later this year with homes starting at around $550,000.  Centre Living Homes has experience building urban-styled custom houses and townhouses in the Uptown and Oak Lawn areas.

“These homes offer the best of single family and urban living within steps of all the exciting and convenient urban amenities that CityLine has to offer,” said Trevor Brickman, president of Centre Living Homes. “Home features include large, open planned spaces with side private courtyards which breathe air and light into the core of the clean, modern designs.”

Recently opened dining options at CityLine include Coal Vines, Jasper’s, Good Union Urban BBQ, Tom+Chee, Nestlé® Toll House® Café by Chip®, Top Pot Doughnuts & Coffee, Red Mango and Starbucks. Whole Foods Market opened this spring as the retail anchor. Edoko Sushi and Robata, Fernando’s and Tricky Fish are scheduled to open next. For a full list of restaurants and retailers, visit citylinedfw.com.

About KDC
KDC, one of America’s leading commercial real estate development and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing.  KDC is headquartered in Dallas and has offices in Atlanta, Houston, Texas, and Charlotte, N.C. For more information, please visit kdc.com.

About CityLine
CityLine is a 186-acre transit-oriented development in Richardson, Texas featuring a dense mix of office buildings, apartments, restaurants, entertainment options and open space, with easy access to two major highways and DART light rail’s CityLine/Bush Station. CityLine’s current development phase includes more than 30 dining options with Whole Foods as the retail anchor, an Aloft hotel, seven office buildings that are home to State Farm and Raytheon, and a wellness office building anchored by Texas Health Resources and Children’s Medical Center.

At full build-out, CityLine will contain six million square feet of office space, 3,925 multi-family residential units, more than 50 dining and service retail options, two hotels, and two parks with access to regional hike and bike trails. Approximately 30,000 people are expected to live and work at CityLine.

About Centre Living Homes:
Centre Living Homes, LLC is a custom homebuilding company dedicated to quality, state of the art construction, excellent craftsmanship, modern features and personal service beyond the sale. The Company designs and builds in premier, centrally located Dallas neighborhoods with a uniquely modern architectural style. Centre Living is a subsidiary of Green Brick Partners, Inc. (NASDAQ: GRBK), a uniquely structured company that combines residential land development and homebuilding. The Company acquires and develops land, provides land and construction financing to its controlled builders and participates in the profits of its controlled builders. For more information about Green Brick Partners and its homebuilding partners, go to www.greenbrickpartners.com. For more information about Centre Living Homes, go to www.centrelivinghomes.com.