Home News Developers buy 1,100 acres for thousands of homes near Forney

Developers buy 1,100 acres for thousands of homes near Forney

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The team behind the popular development with thousands of homes in Prosper is planning to do the same near Forney and buy 1,100 acres for another Master Plan community.

Dallas-based Tellus Group LLC is planning a $ 1.5 billion master plan community called Tapestry. This is the first community on the eastern side of Dallas Fort Worth. A representative of a company said real estate in Kaufman County could bring more than 3,100 single-family homes and town homes.

“We see a lot of growth in Forney,” Craig Martin, CEO and founding partner of Tellus Group, said in a statement. “Tapestry is perfectly positioned as a truly wonderful family community with easy access to the major employment hubs in the Dallas area.”

The property along FM 548 is about 6 miles north of Highway 80 and 16 miles east of Lake Reyhabad.

The Tellus Group said it is cooperating with the region’s top builders’ homes in a 40-70-foot parcel that is set up for purchasers in the summer of 2024. Home prices are as low as $ 300,000 for town homes and single-family homes.

The community is in the early stages of the design process, but current plans require multiple lakes and fishing piers, hiking and cycling trail systems, nearby parks, amenity centers and open spaces.

“Tapestry will be a community that families can enjoy for generations,” said David Blom, President and Chief Operating Officer of Tellus Group. “This’lifetime’community will be a place where young families and couples can buy their first home and build an eternal home as the family grows. “

This agreement is a partnership with Caravel Ventures, Sumitomo Forestry and Schaffer Michael LLC.

Tellus Group built 2,000 acres Win Song Lunch, Grand opened in 2014 and has sold about 2,000 homes since then.The company too Get 686 acres in Serena Last year, there was a $ 1.45 billion master plan community that could accommodate up to 3,000 homes.

According to US Census data, Forney grew by about 60% between 2010 and 2020.It was appealing to developers like Megatel Homes who announced the new $ 800 Million Lagoon Community In the area in 2021.

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