D.R. Horton buys land for 1,000 homes in Fort Worth
Arlington-based homebuilding giant D.R. Horton has bought 151 acres of land in southwest Fort Worth for the first phases of a housing community that will ultimately have 1,000 homes.
Real estate investment and land asset management company Walton Global sold the acreage for the community, which will be called Longhorn Estates.
The initial phase is slated for development of 398 single-family homes. This represents the first two phases of what is planned to be a four-phased development with about 1,000 homes.
The new community will lie in the boundaries of fast-growing Crowley Independent School District, said Michael Sanders, a member of Walton Global’s Real Estate team.
“We are pleased to announce the sale of the Longhorn Estates property to D.R. Horton,” Sanders said in a prepared statement. “With reports of annual starts in the Crowley Independent School District reaching an all-time high, we are committed to supporting this demand and building long-lasting communities that meet the needs of the growing population in the area.”
This residential development, located at West Cleburne Crowley Road and South Hulen Street, is about 20 minutes from downtown Fort Worth and close to The Shops at Chisholm Trail and The Crossing at Chisholm Trail, as well as several large parks.
In addition to Longhorn Estate’s residential development, the land has two commercial sites available for further community buildout. The 3.1 and 2.9 acres of land are both zoned for neighborhood commercial use.
Homes in the Longhorn Estates community will start being delivered in 2024, said Todd Horton, division president for D.R. Horton-DFW West.
“Our ability to provide homes and amenities to the Southwest Fort Worth area is something we are incredibly proud of and look forward to continuing,” Horton said in prepared remarks.
Just west of Longhorn Estates, Walton Global has also recently completed the sale of Rock Creek Ranch West, an 82-acre parcel for residential development. Also sold to D.R. Horton, this land represents the first residential phase of the 1,767-acre Rock Creek Ranch West master-planned community.
Aside from the residential development parcels, there are roughly 400 acres within Rock Creek Ranch West designated for retail and other commercial mixed-use purposes, including office space.
This closing marks the first of many transactions planned to close at Rock Creek Ranch West, which is owned by Walton U.S. Land Fund 4.
Crowley ISD has experienced exponential growth in the last five years, with over 1,200 new students enrolling. According to the school district’s website, the community has approved a $1.04 billion bond package to accommodate the growth.
Over the next decade, Walton Global and D.R. Horton plan to deliver approximately 4,600 single-family homes in the Southwest Fort Worth market, as well as another 2,000 to 3,000 multi-family homes.
Walton Global has sold the land for some of the largest master-planned residential communities across North Texas, including the recent sale of 680 acres in the Grayson County town of Dorchester. Farmers Branch-based residential developer Centurion American acquired the acreage in Dorchester, just south of Sherman, for a community called Cottonwood.
| Rank | Prior Rank | Company |
|---|---|---|
|
1 |
1 |
D.R. Horton Inc. |
|
2 |
2 |
Bloomfield Homes |
|
3 |
3 |
Highland Homes |
