Developers broke ground on Cole Ranch, a development with over 4,300 homes, in early June.
ASHGPHOTO/Johnson Development
Construction is starting on a 3,100-acre development in Denton after developers broke ground in early June.
Cole Ranch is an upcoming development on land west of Interstate 35W originally bought by Miner Thomas “MT” Cole in the 1930s. His great-granddaughter, Jennifer Alexander, said in a statement that the groundbreaking was a milestone for her family.
“We are looking forward to seeing our vision for a timeless community that honors our family and the beauty of this area come to life,” Alexander said.
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Plans for Cole Ranch include 4,365 single-family homes, 26 miles of trails and two large lakes, according to the news release. More than a third of the development — 1,200 acres — will be devoted to green space. The Cole family and the Cole Ranch development team held a private groundbreaking June 3.
The project is a partnership between Johnson Development, The Cole Ranch Co. L.P. and Denton Range LLC. Johnson Development is a company based in Houston that is developing two other communities in North Texas: Viridian in Arlington and Trinity Falls in McKinney.
There’s no better time to enter the Denton County market, which has been growing, said Tommy Tucker, Johnson Development’s vice president of business development for Central and North Texas, in the news release.
“A development like Cole Ranch is ideal for accommodating this kind of monumental growth, not only by bringing new homes to the area, but by doing so in a way that considers open space, schools, commercial opportunities and long-term livability,” Tucker said.
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Cole Ranch will also have 156 acres of commercial development and a 55-acre business park along with two Denton ISD elementary schools, a middle school and a high school. Home sales are expected to begin in late 2027.
Hillwood’s industrial pipeline grows
A rendering of Hillwood’s newest industrial building, Alliance Westport 16.
Courtesy of Hillwood
Ross Perot Jr.’s Hillwood announced plans to expand its already record-breaking industrial pipeline at its 27,000-acre AllianceTexas development.
The developer announced that construction has started on Alliance Westport 16, a more than 1.2 million-square-foot Class A speculative industrial building. Construction is expected to finish in July 2027.
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The project brings Hillwood’s total industrial pipeline to 8.2 million square feet under construction or in design.
Located on Mobility Way, the site’s planned capabilities include autonomous and semiautonomous vehicle operations. A private bridge connecting the site to BNSF’s Alliance Intermodal Facility is under construction and expected to be completed in early 2027.
The project is designed by GSR Andrade Architects. Civil engineering services were provided by Westwood. Hillwood Construction Services will serve as the general contractor and financing was done by Fifth Third Bank.
DHL lease
Multinational logistics firm DHL fully leased ALTO Pinto 45, a nearly 587,000-square-foot Class A industrial facility in South Dallas.
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Owner ALTO Real Estate Funds announced DHL was to begin operating at the site in August.
“This success was the result of a highly coordinated effort across ALTO’s investment, development, and operating teams, alongside strong collaboration with our partners, consultants and leasing team,” Yaniv Melamud, CEO of ALTO, said in a statement. “We are proud to bring a best-in-class tenant to the project and deliver a fully leased outcome for our investors.”