A historic ranch on the edge of Fort Worth has taken a step toward becoming a major housing development.
On Tuesday, the Fort Worth City Council voted unanimously to enter into a development agreement with the developers of the 858-acre Shelton Ranch along Peden Road, along the booming Bonds Ranch Road corridor.
The property is just outside the city limits, but developer, San Anotonio-based Green Brick Partners, wants the city to serve as the retail provider for water and sewer services. Additionally, the developers want to create a municipal utility district to pay for infrastructure.
The property is east of Morris Dido Newark Road, west of Business U.S. 287 and south of Tinsley Lane.
What the development could look like
Green Brick Partners wants to build a single family homes on 505 acres, multifamily homes on 45 acres and plans to set aside more than 200 acres for open space and parks. The plans also include 16 acres of commercial development, according to city documents.
A map of the proposed development shows commercial property at the northern and southern ends of the property, with residential neighborhoods fanning out around those properties. One school sits roughly in the middle of the property.
What’s on the land now?
The Shelton Ranch has been owned by the same family going back several generations.
The property, which contains a ranch with several buildings, was listed for sale in 2023 by the Burgher-Ray Ranch Group, a ranch brokerage team in Dallas that operates under Briggs Freeman Sotheby’s International Realty.
Bonds Ranch is directly south, and Eagle Mountain High School is a few miles southeast.
What happens next?
With the proposal to enter an agreement approved, the city and the developers will now go to work on drafting up two agreements. One agreement will set the district’s tax rates and allow the city of Fort Worth to annex the commercially developed areas for tax purposes; the other will decide how infrastructure maintenance and repairs will be handled.