Sherman’s semiconductor hub attracts massive land buy for home development

Centurion American Development is planning thousands of homes and apartments on nearly 1,500 acres just off U.S. 75 in Grayson County.

By Steve Brown — February 28, 2023

One of North Texas’ top land developers is buying almost 1,500 acres in the Sherman area for a mixed-use project near where $35 billion in semiconductor-related expansions are planned.

Centurion American Development Group’s Cottonwood community site is just off U.S. Highway 75 in Grayson County. It’s 55 miles north of Dallas and south of Sherman – a city that’s seeing a spike in real estate activity in anticipation of the new plants employing thousands of workers.

The site on FM 902 is in near the town of Dorchester and south of where construction is underway on the first of potentially four massive high-tech plants being built by Texas Instruments. The Dallas-based company plans to invest $30 billion in a complex that will build chips. Taiwanese company GlobalWafers is building a $5 billion plant nearby that’ll produce silicon wafers used to make chips.

“The property is extremely well positioned to capitalize on the new growth expected to be fueled by the two new multibillion-dollar chip plants being constructed approximately three to five miles to the north,” said Rex Glendenning, the real estate broker who just handled the big land purchase. “Centurion has done an admirable job of staying ahead or out in front of these new high-growth areas.”

Continue reading via The Dallas Morning News.

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