Current news for this company:
Colonnade Homes - DFW Home Builder
(Back-add, 09-23-08) A tipster has alerted us that Dallas-Fort-Worth home builder Colonnade Homes (site downcolonnadehomesdfw.com) "closed it's doors November 18, 2007." Further to the tip, Colonnade was founded in 1991, running for some eighteen years and built approximately 300 or more homes per year in the DFW area as well as Shreveport, Lousiana.
We obtained a pamphlet from Colonnade that disclosed the following details about the company:
Bill Wait & Doyle Nix, founders of Colonnade Homes have a combined experience of building homes for over 50 years. Their expertise, professional manner and industry knowledge grants a sense of ease and confidence that each and every home is designed and built with the customers expectations in mind. With a reputation built on honesty, integrity and attention to detail, their desire to build high quality affordable homes is shown in every aspect of construction. This involvement has lead to other successful opportunities in real estate including land development, an amenity center business, and our luxury division Avington Homes. Colonnade and its companies have built over 3,000 homes in the Texas and Louisiana.
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.