Another master-planned community is on the docket for Celina.
Centurion American Development and D.R. Horton’s Forestar Group, Inc., based in Farmers Branch and Arlington respectively, have teamed up to build single-family homes on 241 acres in the Collin County city near the intersection of Preston Road and Legacy Drive.
The land was held by the Moses Hubbard Trust for about 140 years and later gifted to the Celina Independent School District.
The property is slated to house 750 lots and a 10-acre community park. It is located across from the Celina High School and Athletic Complex, with frontage along Legacy and Louisiana drives. It is next to a new elementary school and middle school complex.
REX Real Estate’s Rex Glendenning and Caleb Lavey represented both parties in the transaction, while Jack Dawson and Graham Maxey of Centurion American led the firm’s team.
“The Hubbard Trust has done an admirable job of being a great custodian of this property through the years,” said Glendenning.
“They have patiently waited for development to occur in this area and over the last couple of years have chosen to sell the single-family component of their overall 420 acres after recently entitling and zoning the property through the city of Celina.”
The land is located just east of Centurion American’s massive Legacy Hills community, a sweeping master-planned project set to bring 7,200 single-family homes, along with commercial development, a country club and extensive amenities.
Southeast of the Moses Hubbard Trust land is Hillwood’s Ramble community. The 1,380-acre project, announced earlier this year, is expected to house about 4,000 homes once completed.
