Developers John Fetzer III and Mike Wampold have purchased 350 acres off Bluebonnet Boulevard Extension for $5 million in a deal that closed Monday. The land is between University Club and a 550-acre tract that Wampold bought in 2005 for $11.8 million. Wampold bought the earlier tract with plans for a master planned community; he and Fetzer were out of town and unavailable for comment. The sale price was for $14,285 an acre, less than the $21,455 an acre, which Wampold paid in the earlier deal and reflects the fact the land doesn’t have frontage along Bluebonnet.
Wampold, Fetzer buy Bluebonnet property
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