Monday, April 13, 2015

New Denton County residential community will bring 1,800 homes

The planned Sutton Fields community is between Prosper and Celina and will have 1,800 homes. (Rex Real Estate)
The planned Sutton Fields community is between Prosper and Celina and will have 1,800 homes. (Rex Real Estate)
Developers have purchased land in Denton County for another large residential community.
Centurion America Development plans to build the 1,800-home project in the area between Prosper and Celina on Frontier Parkway west of Preston Road.
“The first phase of lots will be available summer of 2016,” Centurion American’s Clayton Snodgrass said.
The planned Sutton Farms is the latest of a series of large residential community developments near the towns of Prosper and Celina. With builders running out of land for new home projects in Frisco, development is pushing further north up Preston Road and the expansion route for the Dallas North Tollway.
Centurion American assembled several properties for its new Sutton Fields project.
“The key tract to the assemblage was a 320 acre property owned by Myers Financial with several other additional tracts totaling approximately 500 acres,” said real estate broker Rex Glendenning who represents the Farmers Branch-based real estate developer. “Centurion American is already developing the first phase of the Creeks of Legacy located on Frontier Parkway and Legacy Drive in Celina with approximately 500 lots.
“Centurion also purchased another 112 acre single-family tract located on Preston Road – located just north of Frontier Parkway in Celina – with plans for an approximate 400 lot master planned development, Ownsby Farms,” Glendenning said.
Glendenning’s Rex Real Estate handled all the acquisitions.
Centurion American’s new home communities are in the same area where Republic Property Group is building the Light Farms project. And it’s near Dallas Cowboys owner Jerry Jones new Star Trail community in Prosper.
Steve Brown, The Dallas Morning News