Johnson Development is turning a 3,000 acre ranch outside Denton into a master-planned community. The company, along with Silvestri Investments, is looking to build over 4,000 homes and set aside 156 acres for commercial development and 55 acres for a business park at what was the Cole Ranch.
Cole Ranch was purchased by Miner Thomas “MT” Cole in the 1930s, and the land was primarily used for crops, cattle and other livestock such as buffalo.
The new community will feature two lakes, a 32-acre waterway and a 13-acre lake. The community will include two amenity centers and multiple parks, including a 50-acre city park. The completed community should have a value of around $5 billion.
The developers will preserve 1,200 acres of green spaces and have 26 miles of trails, and the Cole family wants to partner with local residents to preserve the open space.
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