Mehrdad Moayedi is gearing up to develop a residential community north of Fort Worth.
Farmers Branch-based Centurion American Development Group plans to construct over 4,000 homes within the 1,825-acre Alpha Ranch community located along Highway 114, the Dallas Morning News reported.
Alpha Ranch is one of the municipal utility districts recently created in the Alliance area under a state law that allows landowners to extract property from a city’s extra-territorial jurisdiction, KERA reported. These MUDs are concerning because they could strain city services like water and sewer, trash collection and police and fire. The development, in Wise and Denton counties, is governed by the Alpha Ranch Water Control and Improvement District, which has the power to issue bonds to finance infrastructure.
Centurion American’s development will begin construction next year and aims to welcome its first residents by late 2026. Phase one, featuring approximately 1,300 homes, is set along newly built portions of Sendera Ranch Boulevard. Participating builders include Ashton Woods Homes, D.R. Horton, and PulteGroup.
Alpha Ranch’s design includes infrastructure for a Northwest Independent School District elementary campus. Future phases will incorporate more schools, over 100 acres of green space, and 100 acres for commercial, retail and multifamily development.
Centurion American, known for its large-scale projects across the region, has cemented itself as a dominant player in North Texas. The company has completed over 100,000 single-family lots since its inception in 1990.
Some of Centurion’s other communities in North Texas include Legacy Hills, a 3,200-acre master-planned community in Celina, and Cottonwood, a 1,500-acre master-planned community in Grayson County.
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More recently, the developer has partnered with Forestar Group to acquire additional land in Celina for 750 single-family home lots and a 10-acre community park, Centurion is also planning to develop more than 2,200 homesites in Van Alstyne, The developer is also redeveloping the former Collin Creek Mall in Plano.
— Andrew Terrell