Well-known entrepreneur buys prized Lake Austin tract with dreams of building a community

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Jonathan Coon, founder of 1-800 Contacts, earlier this year purchased an exclusive, undeveloped parcel on Lake Austin with plans to build a residential development with plenty of green space and room to breathe. He and his wife, Kirsten, in March bought the 145-acre property through an entity called Loop 360 Land LP from Luna Heights LP, a partnership between Austin's Riverside Resources and real estate investor Eduardo Margain, the Austin American-Statesman reports. The purchase price was not disclosed...

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