News Summary
Gunter, Texas is set to undergo a transformation with the groundbreaking Platinum Ranch development, a large-scale project by Centurion American. Spanning nearly 2,000 acres, it will feature 4,200 single-family homes, residential villas, mixed-use developments, and ample green spaces. Designed to enhance community life, this development includes school campuses within the award-winning Gunter Independent School District and nature amenities. Local leaders are optimistic about its potential to attract further growth and investment, marking a bright future for Gunter residents.
Texas Business News: Centurion American Announces Platinum Ranch Development in Gunter
Farmers Branch, Texas-based Centurion American Development Group has revealed plans for a significant new venture, introducing the Platinum Ranch, which is set to become one of the largest master-planned communities in Grayson County. Occupying nearly 2,000 acres along the Grayson County Toll Road and less than one mile from Preston Road, Platinum Ranch aims to elevate the residential landscape of the region.
The development is slated to commence excavation in the fourth quarter of 2025, marking an important milestone for Gunter. It is designed to function as the premier residential development in the area, complementing Centurion American’s acquisition of Taylor Ranch, a 500-acre site in Gunter purchased in 2022.
Development Details
Centurion American plans to build approximately 4,200 single-family homes, with residential campuses situated within the award-winning Gunter Independent School District (ISD). Additionally, the plans include 29 acres dedicated to residential villas, allowing for up to 290 units.
Furthermore, the development will feature 277 acres designated for mixed-use projects that will combine commercial spaces with a maximum of 3,000 multi-family housing units. In a bid to create a vibrant community, Platinum Ranch will allocate 223 acres to green spaces, including a community park and various amenity centers for residents.
Enhancements to the land will also involve multiple lakes, which are planned to be developed with parks, trails, and open-space amenities, contributing to an attractive lifestyle for potential residents.
Strategic Importance and Financial Backing
The initiative was brokered by Rex Glendenning of Rex Real Estate, who highlighted the strategic significance of Gunter as a growing hub in the region. Financially supporting this ambitious project are several lenders, including Ubank, Liberty Bankers, and Chambers Bank, who were involved in the facilitation of the financial closing for Platinum Ranch.
Caleb Lavey of Rex Real Estate noted that this development is a pivotal moment for Gunter, suggesting it sets a template for future quality growth along the Dallas North Tollway.
Centurion American’s Commitment to Gunter
Centurion American, led by CEO Mehrdad Moayedi, has shown a steadfast commitment to the Gunter area since 2012 when they expanded The Bridges at Preston Crossings. This latest endeavor continues the company’s legacy of successful development, having completed over 200,000 single-family lots across North Texas since its inception in 1990.
The organization is recognized for developing communities that incorporate desirable amenities, including parks, golf courses, walking trails, and proximity to quality schools and shopping. These features aim to enhance the living experience for future residents in the rapidly developing region.
Conclusion
As Centurion American prepares for the launch of Platinum Ranch, the community’s design and amenities promise to provide significant benefits to Gunter and the surrounding areas. With this strategic development, the company aims to contribute to the long-term growth and appeal of Grayson County as a sought-after residential location.
Deeper Dive: News & Info About This Topic
- Morningstar
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- Dallas News
- Encyclopedia Britannica: Gunter Texas
