Massive $5B North Texas Development Planned for Over 9,200 Homes

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A $5.1 billion master-planned community is coming to Denton, Texas, with plans to build over 9,200 homes, 1.2 million square feet of commercial space, and a 300-acre central park. The development, called Craver Ranch, will be built out over nearly two decades starting in 2028 and is one of several major residential projects underway in the Denton area.

Why it matters

The Craver Ranch development is part of a wave of residential growth sweeping over Denton, as the city and surrounding region continue to see rapid population and economic expansion. The scale of the project, as well as the inclusion of commercial space and community amenities, signals the region's ambitions to create a large-scale, master-planned community to accommodate future growth.

The details

The 2,500-acre Craver Ranch site was annexed to the city of Denton in 2008 and 2009, and the city council recently approved the rezoning to allow for the master-planned community. The development will include 7,091 single-family homes, 584 townhomes, 1,515 multifamily units, 1.2 million square feet of commercial space, and a 300-acre central park. Three new schools are also planned as part of the project.

• Old Prosper Partners closed on the Craver Ranch property on January 30, 2026.
• Denton City Council approved the rezoning of the Craver Ranch site in early December 2025.
• Construction on the first phase of 800 single-family homes is expected to begin in 2028.
• The full buildout of the Craver Ranch development is anticipated to be completed by 2045.

What they’re saying

What’s next

The creation of a separate municipal management district for the Craver Ranch development, which will issue bonds to reimburse Old Prosper Partners for $462 million in public infrastructure costs, is expected to be a key next step in the project's progress.