Rockhill Capital Partners with Lennar for New Development
Rockhill Capital & Investments recently announced a significant sale of a large parcel of land, encompassing 1,807 acres, to construction titan Lennar. This project, now named Ranchland, is set to transform the local landscape by incorporating around 4,000 homes along with essential multifamily units.
Anticipated Development Timeline
Development at Ranchland is projected to commence in the summer of 2025, with hopes of welcoming new homeowners by the summer of 2028. This long-term vision for the area showcases the commitment of Lennar to create a vibrant community that caters to the diverse needs of its residents.
Building a Sustainable and Thriving Community
Ryan Griffin, principal and CEO at Rockhill Capital, highlighted their goal of recognizing high-potential land opportunities and collaborating with local governments to align with their visions for growth. Griffin stated, "We worked closely with the City of New Fairview to envision a thriving new master-planned community. Lennar is the ideal builder to bring this project to life." The collaboration promises a well-planned community that emphasizes sustainable living.
Ranchland’s Community Features
Ranchland, strategically located within Wise County and Denton County, will be served by various school districts, ensuring educational accessibility for families. It's situated about 15 miles from one major city and 20 miles from another, providing convenient access to urban amenities while maintaining a serene community lifestyle.
Community Amenities and Connectivity
Ranchland will offer a rich array of features including beautiful housing options for individuals at every stage of life, a lively town square, parks, schools, and commercial spaces. Greg Mayberry, Division President at Lennar, expressed enthusiasm over this new venture, stating, "This community will offer something for everyone—beautiful homes for all stages of life... Ranchland is designed to be more than just a community; it’s a destination where families can grow, connect, and create lasting memories."
Rockhill Capital’s Portfolio Expansion
This land sale is a testament to Rockhill Capital & Investments' continuous growth within the North Texas region. The company has been recognized as a respected developer, undertaking numerous projects that resonate with the evolving needs of communities. Notably, the firm is also leading the development of Uptown Celina, a vibrant 675-acre community featuring 2,500 homes in close proximity to Celina’s bustling downtown.
Involvement in Various Projects
In addition to Uptown Celina, the company is actively engaged in other significant developments including Heritage Ranch in Sherman and Noble Ridge in Howe, both of which emphasize transformed living spaces for individuals and families. This expansion reflects Rockhill's dedication to enhancing the North Texas landscape and serving its residents diligently.
About Rockhill Capital & Investments
Rockhill Capital & Investments stands as a premier commercial and residential developer known for its comprehensive expertise in land development and construction management. The company has played a vital role in the prosperity of the North Texas area, establishing a commendable reputation through attentive planning and execution of projects that prioritize community growth.
About Lennar Corporation
Lennar Corporation, founded in 1954, is recognized as one of the nation's leading homebuilders focused on delivering quality homes for all generations. The company not only builds affordable homes but also provides mortgage financing and title services, expanding its services through various segments including multifamily housing. Lennar is committed to innovation and technology, ensuring high standards of living for all potential homebuyers.
Frequently Asked Questions
What is the purpose of the land sale to Lennar?
The land sale is aimed at developing a new community called Ranchland, which will feature thousands of homes and multifamily units to meet local housing demand.
When will the Ranchland project begin?
The development of Ranchland is set to begin in the summer of 2025, with homes expected to be available by summer 2028.
What amenities will Ranchland offer?
Ranchland is designed to provide a variety of amenities including a town square, parks, schools, and retail spaces, promoting a live-work-play environment.
Who is behind the development of Ranchland?
Rockhill Capital & Investments is the developer, with Lennar Corporation handling the construction of homes and community planning.
How does this project affect North Texas?
This project is anticipated to contribute significantly to the housing market in North Texas, providing quality living options and enhancing community dynamics.
