LEWISVILLE, Texas — As the housing market continues to shift in North Texas, two big developers are working together to launch new rental townhomes, starting with a large project in Lewisville.
Houston-based Wan Bridge, a leader in build-to-rent developments, is partnering with Centurion American Development Group, a prolific North Texas land developer, to roll out multiple rental home communities across the Dallas-Fort Worth metroplex. Their inaugural venture, Frontera Shores Townhomes, is planned for a 35.8-acre site near Interstate 35E, in what the companies describe as “the northern gateway to Lewisville.”
The master-planned community will eventually comprise 201 townhomes, with construction slated to break ground as early as July or August. The first homes are expected to be ready for tenants by the third quarter, and full buildout is anticipated by December 2026.
For Ting Qiao, co-founder and CEO of Wan Bridge, the decision to plant roots in Lewisville was as much about data as it was about demographics. “Lewisville stands out for its strong school district and strategic location,” Qiao said in an interview. “We see a gap in supply here, especially for families and professionals who want more space than an apartment offers, but aren’t ready or able to buy.”
Qiao noted that his team relies on artificial intelligence to forecast rental trends in the area—a nod to the increasingly tech-driven nature of modern real estate. “We’re really excited about the projected returns and how fast the homes are getting leased,” he added. “Even though the numbers don’t pencil out for every project in today’s market, this one is a compelling opportunity.”
The DFW region has emerged as a hotbed for build-to-rent communities, as high mortgage rates and surging home prices lock out many would-be buyers. Developers like Wan Bridge and Centurion American are betting that demand for quality rental homes will remain robust, particularly as families seek alternatives to dense apartment living.
Frontera Shores will offer two-, three-, and four-bedroom townhomes, catering to a range of household sizes. Residents can expect amenities such as walking trails, green spaces, a private dog park, and a resort-style pool—a suite of features designed to rival the comforts of traditional homeownership.
Rents for Wan Bridge’s existing communities start at $2,700 a month in Denton and $2,400 in Austin, according to the company’s website. While pricing for Frontera Shores has yet to be finalized, Qiao suggested it will be competitive within the submarket.
Mehrdad Moayedi, president and CEO of Centurion American, described the partnership as a natural fit. “Wan Bridge’s established model and commitment to excellence align seamlessly with our vision to deliver premier luxury rental communities,” Moayedi said in a statement. Centurion American, which has developed more than 100,000 single-family lots across North Texas, recently expanded its holdings with an 82-acre purchase near Sherman.
Scaling Back, But Moving Forward
The partnership comes at a time of recalibration for Wan Bridge. The company recently revised its five-year goal from 30,000 to 12,500 build-to-rent homes in Texas by 2030, citing investor caution amid economic uncertainty and slower rent growth. “We need to scale back because there’s market uncertainty, and pretty much all the capital in today’s situation is on the sideline,” Qiao acknowledged. “But this new partnership is already factored into our updated numbers. Without it, our targets would be even lower.”
Looking ahead, Wan Bridge and Centurion American envision Frontera Shores as the first of as many as ten similar projects across DFW, potentially adding more than 1,000 rental homes to the region’s inventory.
For now, all eyes are on Lewisville, where the first shovels will soon hit the ground—a tangible sign that, for North Texas renters, new options are on the horizon.
