Roughly 3,400 homes are planned for the site in Terrell.
A new development group plans to build thousands of homes in a master-planned community in fastgrowing Kaufman County.
Plano-based Main Square Development plans to build its Terra Nova development on more than 1,500 acres in Terrell along Griffith Road and County Road 245. The community will feature 3,400 single-family homes, 1,200 apartments and 261 attached units in a fourplex.
The planned development will also include 332 acres of parks and open space. Roughly 100 acres are set aside for commercial use. A 47-acre district — Terra Nova Village — will bring the city a much-needed mixed-use destination, Morales said.
Morales briefed members of the Terrell Planning and Zoning Commission on the project in late May. The firm plans to bring it before the body in July and before the Terrell City Council in August, he said. Construction may start later this year. Residential work will begin first. The first phase features over 200 lots along Griffith Road and includes road infrastructure work. Construction will take place over multiple phases.
Main Square plans to invest $110 million in major throughfares and trails. Another $24 million will go towards parks. Morales estimates the assessed taxable value of the full project at $1.2 billion. The firm could spend the next 16 years working on it, he said.
Kaufman County’s estimated population is just shy of 198,000. It increased by 6% from July 2023 to July 2024. Kaufman County is the second-fastest-growing in the nation among counties with more than 20,000 residents.
Morales hopes Terra Nova will be the piece that drives further development in Terrell. “We feel that this community is going to be that catalyst for Terrell that is gonna allow for the city to grow healthy and create this opportunity,” he said. “We think it opens the door for Terrell to make that leap to a great community.”
Original version appears in The Dallas Morning News.