It’s too bad that thousands of residential homes on two major land purchases in Kaufman County can’t be magically built overnight.
In May, Kaufman County reported 1.1 months of housing inventory with 334 active listings, according to MetroTex Association of Realtors data.
Just think what an infusion of thousands of new homes will do to that statistic. Two developers will be doing their part soon.
- This month, Farmers Branch-based Centurion American Development Group purchased more than 1,100 acres for the Twin Lakes residential project south of Interstate 20 and south of Terrell.
- Earlier this month, Houston-based developer Hines bought the 600-acre-plus High Point Ranch property on U.S. 80 between Terrell and Forney.
- In December, Centurion American acquired the 1,350-acre Cartwright Ranch along U.S. 175 in Crandall.
Centurion American, led by CEO and president Mehrdad Moayedi, has blanketed Dallas/Fort Worth with more than 100 master-planned communities.
Centurion American’s plans for the number of homes to be developed at Twin Lakes haven’t been disclosed. At the Cartwright Ranch, the plans call for approximately 4,000 homes.
Hines’ development, which will be built in nine phases starting later this year, is expected to bring in 2,000 homes.
What’s the attraction to Kaufman County, besides prime development areas?
According to Niche.com, Kaufman is ranked as the 27th-best Texas county for outdoor activities, the 36th-best Texas county for young professionals, and the 39th-best Texas county for families.
