GUNTER, Texas — Across the quiet prairie of Grayson County, a sweeping transformation is underway. Land once held by generations of ranchers is being reimagined as what could become North Texas’s next major master-planned community, a bold move driven by a regional tech boom and the promise of thousands of new jobs.
Centurion American Development Group, a leading developer based in North Texas, completed the acquisition of 1,061 acres on June 10. This purchase is a cornerstone of the 1,998-acre “Platinum Ranch” project. Led by CEO Mehrdad Moayedi, the development aims to create not just housing, but a fully integrated urban environment in response to surging demand north of Dallas.
The catalyst for this expansion is the construction of large semiconductor manufacturing facilities in nearby Sherman. With billions of dollars in investment from global tech firms such as Texas Instruments and GlobiTech, the region is bracing for a wave of new residents. Centurion American is betting that towns like Gunter will become the next frontier of metropolitan growth.
“Gunter is next in line for major developments along the golden corridor,” said Rex Glendenning of Rex Real Estate, who brokered the land deal. He was referring to the explosive growth along Preston Road and the Dallas North Tollway, which has transformed the area over the past decade.
Platinum Ranch is planned on a grand scale: 4,200 single-family homes, nearly 300 residential villas across 29 acres, and up to 3,000 apartments. The project also includes 277 acres for mixed-use development and 223 acres of green space, featuring parks, lakes, and trails. Several amenity centers are planned, along with enhanced lakes and pedestrian pathways. A school campus will be built within the community, served by the award-winning Gunter Independent School District, a key draw for families.
Strategically located less than a mile from Preston Road and with direct frontage on the Grayson County Toll Road, Platinum Ranch offers easy access to the wider North Texas region. The multifamily and commercial zones will be concentrated along Marilee Road and the tollway, ensuring accessibility and visibility.
The project has been zoned to accommodate a diverse mix of residential and commercial uses, reflecting Centurion’s commitment to building a balanced and sustainable community. The 223-acre green space allocation underscores the developer’s focus on enhancing quality of life through open areas, recreational amenities, and environmental stewardship. Several natural lakes within the property will be enhanced and integrated into the community’s design, supporting both aesthetics and ecological value.
Centurion American emphasizes that Platinum Ranch aims to offer families thoughtful planning, access to quality education, and abundant recreational opportunities. The inclusion of multiple amenity centers and expansive green zones reflects a vision for a vibrant, active, and socially connected community.
According to company statements, the acquisition was two years in the making. Financing was secured through a consortium of lenders including UBank, Liberty Bankers, and Chambers Bank. Meanwhile, Trez Capital served as the lender for Centurion’s adjacent Taylor Ranch project, a 500-acre development acquired in 2022.
Centurion has been deeply rooted in Gunter for over a decade, having developed The Bridges at Preston Crossings since 2012, which features a Fred Couples-designed golf course. These projects highlight confidence in the region’s sustained demand for high-quality homes, supported by strong infrastructure and schools.
“While we spent two years planning the acquisition and development of Platinum Ranch, our commitment to Gunter and Grayson County goes back much further,” Moayedi said in a statement. “We are proud to be a part of the growth story in Gunter and to bring exceptional communities to this beautiful city.”
Caleb Lavey of Rex Real Estate described the project as a milestone for Gunter, calling it a “template for quality growth” along the Dallas North Tollway corridor.
With excavation set to begin in Q4 2025, the Texas prairie will soon give way to streets, homes, and commercial centers. Platinum Ranch stands as a symbol of the demographic and economic shifts reshaping the American landscape, where the lines between city, suburb, and countryside continue to blur.
