One of Dallas-Fort Worth’s largest residential developers is planning hundreds of homes along a booming, multibillion-dollar tech corridor near the Oklahoma border.
Farmers Branch-based Centurion American Development Group is partnering with McKinney-based Horizon Capital Partners on Legacy Ridge, a new residential development in Bonham. The site in Fannin County is roughly 75 miles north of downtown Dallas.
Legacy Ridge is set to feature 436 homes across more than 270 acres. Lots range from 40 feet to larger 100-foot estate plots. The homes will be centered around Legacy Ridge Country Club, which features an 18-hole course designed by golf course architect and former professional golfer Bill Johnston.
Centurion American expects to break ground on the residential component in the third quarter of 2025. Lots are expected to be turned over to builders before the end of 2026.
A list of builders and pricing information will be released at a later date.
“Legacy Ridge will offer those seeking the natural beauty of country living access to exceptional golf and special event spaces,” Mehrdad Moayedi, president and CEO of Centurion American Development Group, said in a statement. “The range of homes at Legacy Ridge will offer exceptional home choices in the growing corridor between Sherman and Paris.”
Legacy Ridge is the latest investment Centurion American has made in and around the Sherman area.
In August 2024, the firm announced plans to bring 2,220 new homes to Van Alstyne.
Centurion American began work on Cottonwood, a large mixed-use development near the small city of Dorchester, last June. In total, Cottonwood is expected to consist of 4,000 single-family lots, along with 1,450 rental units and 250,000 square feet of commercial and retail space.
Centurion American announced earlier this year that it also plans to build more than 4,200 homes, up to 3,000 apartments and mixed-use development on 277 acres along the proposed Grayson County Toll Road and Marilee Road. The development will be called Platinum Ranch.
The planned residential developments come on the heels of billions of dollars in investments for semiconductor production.
Taiwanese silicon wafer manufacturer GlobalWafers opened its $3.5 billion wafer facility in Sherman earlier this summer. The firm promised to invest an additional $4 billion to meet growing demand.
Dallas-based Texas Instruments announced in June that it would invest $60 billion on semiconductor plants nationwide. The firm has planned four plants at its Sherman site.
The Legacy Ridge development will be roughly 40 miles east of Texas Instruments’ Sherman plant.
“We have long been bullish on Bonham and the surrounding area and believe that Legacy Ridge offers a unique opportunity to the homebuyer, in a community we consider to be a true hidden gem, Bonham, Texas,” said Mark Smith of Horizon Capital Partners.
