A developer is teeing up a master planned community in northwest Fort Worth: Centurion American Development Group, the Farmers Branch-based company helmed by Mehrdad Moayedi, has acquired a 629-acre tract of land for the Rio Claro project, featuring approximately 1,761 single-family homes and amenities, developed with builders like Coventry Homes and DR Horton.
According to a release, Phase One development is expected to begin soon, with lot delivery to builders anticipated in Q1 2027. The transaction closed on Friday, Oct. 3.
Located southeast of Morris Dido Newark Road and Bonds Ranch Road, the 629.4-acre community will be developed in four phases and feature approximately 1,761 single-family home sites. Residents will enjoy access to expansive open space, walking trails and an amenity center, with close proximity to Eagle Mountain Lake and its recreational marinas and amenities.
“Fort Worth continues to be one of the fastest-growing cities in the country, and the demand for thoughtfully planned communities has never been greater,” said Mehrdad Moayedi, president and CEO of Centurion American Development Group. “With Rio Claro, we are proud to bring a new neighborhood that balances high-quality homes with the natural beauty of the area, creating a place where families can thrive for generations to come. We relish the relationship we have with the City of Fort Worth and really respect the level of engagement and partnership they bring to the table.”
Centurion American has curated and secured some of the area’s top builders to bring this community to fruition with a variety of lot sizes ranging from 50-feet to 80-feet. These include Coventry Homes, DR Horton, First Texas Homes and HistoryMaker Homes. Centurion American’s leadership sees this and other North Fort Worth developments as being key in addressing the rapid growth in lucrative careers in that corridor.
“The excellence and diversity of design represented by these builders ensures that Rio Claro residents will enjoy an exceptional quality of living and a beautiful neighborhood,” Moayedi said. “The community benefits from the adjacent $270 million Eagle Mountain High School, the newest campus in the award-winning Eagle Mountain-Saginaw ISD.”
In addition to creating high-quality homes, Centurion American is deeply committed to supporting the region’s long-term mobility and infrastructure needs. As part of the Rio Claro development, the company is working closely with the City of Fort Worth, Tarrant County, and local transportation authorities to enhance area roadways, improve traffic flow, and strengthen key connections that serve the broader North Fort Worth corridor. This collaborative approach reflects Centurion American’s belief that responsible growth requires thoughtful investment not only within the community but also in the infrastructure that connects residents to schools, jobs, and amenities throughout the region.
Funding for the Rio Claro development was provided by IBC Bank. The deal was acquired from PMB Capital.
Rio Claro joins other Centurion American residential communities, including the adjacent Estates at Eagle Mountain located at the northeast corner of Morris Dido and Bonds Ranch Road, which brings the luxurious lake lifestyle to a new generation of homeowners. The Estates at Eagle Mountain is a 836-acre development which will incorporate 1,126 large lots which run from 15,000 sf to 30,000 sf. The combined communities cover almost 1,500 acres and will be home to approximately 3,000 single-family lots.