Construction is set to begin this month on the first phase of homes planned for Chisholm Trail Ranch in Fort Worth, The Walton Group of Companies announced on Wednesday.
Walton, a privately held, multinational real estate investment and development group, announced the project late last year and broke ground on the development in October 2015.
The Arizona-based firm, with offices in Texas, touts the development as the first such project along the $1.4 billion Chisholm Trail Parkway, which opened in May 2014.
Construction financing is provided by Southwest Bank of Fort Worth.
Dunhill Homes, one of four homebuilders for the project, this month will break ground on the first model home and five speculative homes, with completion scheduled for fall 2016. Dunhill ultimately will build 48 homes in the first phase of development.
Walton’s 261-acre Chisholm Trail Ranch is expected to feature about 1,031 single-family residential homes, including 169 home sites in the first phase.
“We’re thrilled to have Dunhill Homes break ground on the very first homes in Chisholm Trail Ranch,” said John Vick, president of Walton’s South Region, commenting in a news release.
“Dunhill Homes has a long and solid track record for building the highest quality homes in North Texas. They’ll play an essential role in building Chisholm Trail Ranch into a vibrant, community that meets the growing needs of Tarrant County,” Vick said.
Dunhill Homes is a division of the Dallas-based Winchester Carlisle family of companies. It has been recognized by the U.S. Environmental Protection Agency as an Energy Star Certified Homes Leadership in Housing Award recipient, and is a McSam Award- winning builder.
In addition to Dunhill Homes, Antares Homes, HistoryMaker Homes and Sandlin Homes also are constructing homes at the development.
Antares Homes has been building homes in the Dallas-Fort Worth area for more than 18 years. Founded by Texas Association of Home Builders Hall of Honor member Ron Formby, the company was acquired by Tommy and Lisa McAden in December of 2013.
HistoryMaker Homes is family-owned and operated and has a history of Dallas-Fort Worth home construction. Sandlin Homes also is a family-owned business. It was named “Texas Builder of the Year” by the Texas Association of Builders, as well as the Greater Fort Worth Association of Builders “Builder of the Year” in 1971, 1990, 2000, 2002 and 2014.
The commercial and retail component of Chisholm Trail Ranch will be executed by Stratford Land and the real estate investment firm Legacy Capital.