Hines, a Houston-based real estate investment manager, along with partners Trez Capital and the Furst family of Flower Mound, have begun development of the first 90 acres of Furst Ranch, a sprawling master-planned community in southern Denton County. The project, located between Flower Mound, Bartonville and Argyle, will ultimately span more than 1,000 acres.
Furst Ranch will consist of three neighborhoods, each aimed at different homebuyers: High Plains, with 1,100 lots ranging from 50 to 80 feet wide, Prairie Vista, with 200 lots ranging from 0.5 to 1 acre, and Cross Timbers, with 74 lots ranging from 1 to 2 acres.
The newly acquired 90 acres are part of the High Plains neighborhood and development is already underway.
Hines and Partners will acquire the remaining 948 acres over the next six years.
Homebuilders involved in the project include David Weekley, Coventry, Highland, Shaddock, Drees, Tradition and Partners in Building. Homes range in price from $800,000 to over $2.5 million.
Before construction of new houses can begin, a lot of preparatory work is required, such as the construction of roads, sewers and water pipes.
“We expect construction to begin in late 2026 or even 2027. And since the construction period is 10 to 12 years, we’re talking 2038 before all 1,000 homes are completed,” Furst Ranch said on its Facebook page.
“The acquisition of the first parcel sets the stage for this carefully planned, multi-phase residential community in a prime location,” said Dustin Davidson, managing director of Hines. “Furst Ranch will offer an exceptional outdoor environment that is particularly impressive for a development of this scale. We look forward to working with our partners to meet the demand for high-quality and diverse housing options in this premier market.”
Furst Ranch will offer expansive open spaces, semi-individual homes and well-amenitized residential areas that are both “connected and hidden.” The community is served by the Argyle Independent School District and has a trail system that allows for connectivity.
In addition to residential areas, future phases of Furst Ranch may also include senior living, retail space and other diverse housing options to create a comprehensive community experience.
“We are committed to building a better future with our partners. Our long-standing partnership with Hines has produced many opportunistic investments and we expect Furst Ranch to be another successful project that sets a new standard for community-planned community design while meeting the growing demand of the North Texas community,” said John Hutchinson, Co-CEO and Global Head of Origination at Trez Capital.
The deal was brokered by Michael Cotten, King Laughlin and the late John Bean.
For more information about Furst Ranch, visit furstranchtx.com.
