(To read more on the multifamily market, click here.)

McKINNEY, TX-The joint venture developers of the $900-million Cooper Life at Craig Ranch, a health-centered concept community, have bought an additional 140 acres to add another $250 million of mixed-use space to their plan. Anchored by Cooper Aerobics Center, the 191-acre development is just two weeks from the construction start of its first residential units.

Wellstone Communities LLC, based in Cumming, GA and Dr. Kenneth H. Cooper, the country’s aerobics guru from Dallas, have amassed development land inside the 2,500-acre Craig Ranch for a health-oriented prototype that’s drawn inquiries from the United Arab Emirates, South Korea, Thailand and Italy as well as stateside bids for similar communities, according to Rusty Criminger, Wellstone’s chief marketing officer. “What we want to do is get the majority of this one proven out and under our belt and then I think the opportunities will play out,” he says.

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