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Labeled as 'Inspirada', the area was to be used for "New Urbanism". A high-density, pedestrian-friendly, master-planned community, it was modeled after towns and neighborhoods built before urban sprawl took root in the United States. Part of the design was to keep Seven Hills and Inspirada as separate areas with no interconnecting roads.
In 2003, LGI Homes was founded in The Woodlands, Texas by Thomas Lipar and his son Eric Lipar. [5] [6] LGI Homes primarily focuses on entry-level housing for first-time homebuyers. [7] [8] LGI Homes initially built homes in its home state of Texas. [9] Their first project was a residential development in Conroe called Summerset Estates. [10]
The name townhouse or townhome was later used to describe non-uniform units in suburban areas that are designed to mimic detached or semi-detached homes. Today, the term townhouse is used to describe units mimicking a detached home that are attached in a multi-unit complex.
In April 2013, it made a $100-million-plus purchase of 1,400 Atlanta homes from Building and Land Technology. [7] From August 2012 to June 2013, Invitation Homes purchased 1,650 homes in the Tampa Bay Area for over $250 million. [8] In June, 85% of Tampa Bay online listings by Invitation Homes were above the area's average rent of $1,200. [8]
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