One of North Texas’ busiest developers has just bought Denton County land for hundreds more homes.
Centurion American Development Group purchased land for 850 houses on the west side of Celina on FM 428.
The almost 250-acre Edgewood Creek property brings Centurion American’s residential sites to a total of five in that area to the west of the planned Dallas North Tollway extension, said real estate broker Rex Glendenning, who handled the sale.
Glendenning said Centurion American’s new land acquisition is about three and a half miles north of U.S. Highway 380.
“Edgewood Creek overlooks a big floodplain to the west that will be a greenbelt area,” he said. “They’ll break ground on that property probably in February or March.
“For the first time in my 40 years in the business, there are major master-planned developments going in in West Celina following the tollroad extension north,” Glendenning said. “I’ve done several deals with Centurion up there.”
The property the developer just purchased is in the city of Celina and Prosper’s school district, Glendenning said.
With this year’s surge in demand for new homes, builders and land developers are scurrying to tie up sites for additional residential communities in Dallas’ northern suburbs.