Rowlett Kills Development Agreement for Billion-Dollar Sapphire Bay Project

Rowlett kills development agreement for billion-dollar Sapphire Bay project

The billion-dollar Sapphire Bay mixed-use development has hit another snag. Rowlett City Council voted Oct. 14 to send a notice of default and intention to terminate a development agreement with the developer. While lots of residential units have been constructed on a peninsula jutting into Lake Ray Hubbard, the heart of the site has seen "no measurable progress since day one expect some road and infrastructure," Rowlett's mayor says. Get the la…

Rowlett declares developer in default of project agreement

After deliberations and legal counsel, the Rowlett City Council unanimously voted to provide notice to the developer, Sapphire Bay Land Holdings I, declaring the developer in default of its development