Minto Communities USA has acquired a massive 3,170-acre property in Waxahachie with plans to build a sprawling master planned community.
The project, billed as the region's largest residential and mixed-use development, would be bounded by Interstate 35E, FM 875, FM 1446, and Lone Elm Road. Plans call for a total of 13,270 homes.
"Over the past two years, Minto USA collaborated closely with city leadership to design a community rooted in best‑in‑class land planning while addressing the affordability challenges facing today's homebuyers," said Dutch Neuweiler of Minto USA in a news release, who secured approvals for the project in late January. "Our plan includes a full spectrum of pricing and product types, allowing us to adapt to evolving market conditions while preserving the long‑term vision of a successful hometown community."
The project, which would be divided into an "Active Adult" neighborhood and a "traditional community" would also feature 140 acres of mixed-use development, including 750 multifamily units and 1.2 million square feet of commercial space. Plans also call for a town center, 400 acres of park space, a trail system, a greenway network, and multiple schools.
Minto USA estimates that the project will generate more than $42 million in annual revenue for the City of Waxahachie, and $56 million annually for the local school district. Construction is expected to create over 2,000 jobs, and over 7,500 permanent jobs are expected eventually.
