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Hines, Trez Capital and the Furst Family Purchase 90 Acres in Texas for Master-Planned Community

8/16/24

A venture between Hines, Trez Capital and the Furst Family has acquired the initial 90 acres of what will become Furst Ranch, an expansive master-planned community in Denton County, TX. The project, located outside of Dallas between Flower Mound, Bartonville, and Argyle, will ultimately span over 1,000 acres.

Furst Ranch will consist of three distinct neighborhoods, each catering to diverse homebuyer preferences: High Plains with 1,100 lots ranging from 50' to 80' lots, Prairie Vista with 200 lots ranging from 0.5 to one acre, and Cross Timbers with 74 lots ranging from one to two acres. The newly acquired 90 acres are part of the High Plains neighborhood, with development already underway. Hines and partners will purchase the remaining 948 acres over the next six years.

Furst Ranch will feature rolling open spaces, semi-custom homes, and amenitized residential areas that are both connected and tucked away. The community will be served by the highly rated Argyle Independent School District and will feature a well-designed trail system, allowing for interconnectivity. In addition to residential areas, future phases of Furst Ranch may include senior living facilities, retail components, and other diverse living options to create a comprehensive community experience.

Homebuilders involved in the project include David Weekley, Coventry, Highland, Shaddock, Drees, Tradition, and Partners in Building, with homes starting from $800k to over $2.5 mil.





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