Centurion American Development’s new Legacy Hills will have more than 10,000 homes and apartments.
By Steve Brown — Aug 3, 2021
A local developer that’s already the area’s biggest community builder has acquired a huge tract of land for what will be the largest new residential development in Dallas’ northern suburbs.
Centurion American Development Group purchased 3,200 acres on the northwest side of Celina for a new community that will have 7,000 homes.
The sprawling residential development, which will be called Legacy Hills, will have about 4 miles of frontage on the path of the Dallas North Tollway extension.
Along with the single-family homes, Legacy Hills will have sites for 4,000 apartments and 100 acres of commercial and retail buildings.
The property was purchased from an investment partnership that had owned the land for almost 40 years, said real estate broker Rex Glendenning, who negotiated the major sale.
“Rarely does an opportunity to acquire a several-thousand-acre, master-planned mixed-use development with over four miles of frontage along the Dallas North Tollway and only 20 minutes away from Legacy business park present itself,” said Glendenning, CEO of Rex Real Estate. “Mehrdad Moayedi has the vision to see how the new tollway access will help transform this property into a true world-class project.”
Legacy Hills will the the largest new development in Celina, which is already in the midst of a homebuilding boom.
“This will be a city within a city and transform Celina,” Glendenning said. “I believe this property may be the most beautiful development site I have had the opportunity to work on in my 40 years of brokerage.
“The property’s undulating hills combined with the beautiful tree cover along Little Elm Creek create a true sense of Hill Country while being only minutes away from Dallas.”
Legacy Hills will include an 18-hole championship golf course, a first for Celina. Plans for the new home community also call for a 27-acre sports park, walking trails and seven amenity centers to serve the residents. Land is being set aside for two schools and two fire stations.
“We’re planning for Legacy Hills to become the most sought-after address in Collin County,” Centurion American CEO Mehrdad Moayedi said in a statement. “With an array of onsite amenities, a prime location and ample open space; this development will be a true lifestyle experience for future residents.
Read the full article at The Dallas Morning News.