FORNEY, Texas–(BUSINESS WIRE)–Tellus Group LLC, the developers of Windsong Ranch, along with partners, Caravel Ventures, Sumitomo Forestry, and Schaffer Michael, LLC announced today the acquisition of approximately 1,100 acres in Forney, TX for a new master-planned community called Tapestry. The newly acquired property, located in northwest Kaufman County, Texas, is in the Forney school district, sits approximately six miles north of Highway 80 and 16 miles to the east of Lake Ray Hubbard.
“As we add Tapestry to our portfolio of projects, we are excited to continue to offer lot positions to incredible builder teams which we have worked with for years,” said Craig Martin, CEO and founding partner for Tellus Group. “There is a lot of growth happening in Forney. Tapestry will be perfectly positioned as a truly great family community with easy access to the major employment hubs in the greater Dallas area.”
The $1.5 billion dollar master-planned community will be the first signature Tellus Group community on the east side of the Metroplex. While designs for the community are in their early stages, current plans suggest multiple lakes and fishing piers, extensive hike and bike trail systems, small and large neighborhood parks, dynamic lifestyle amenity centers and significant preserved open spaces.
“Tapestry will be a community for families to enjoy for generations,” said David Blom, President and COO. “This ‘lifelong’ community will be where young families and couples can purchase their first home, then as their family grows, build their forever home. At Tellus, we pride ourselves on developing residential communities of the highest quality and using thoughtful land planning that ‘wow’ families and create close-knit neighborhoods with a true sense of community. We want anyone living in a Tellus Community to know they live somewhere very special, and their lives will be richer for it.”
The initial property release is planned for the Summer of 2024 and will include an array of homesites ranging from 40- to 70-foot lots with homes from some of the area’s top builders. Home prices are expected to start in the high $200s for townhomes and low $300s for single family homes.
About Tellus Group LLC
Located in North Dallas, Texas, Tellus Group LLC is a real estate investment firm focused on residential and mixed-use land development with a primary focus in master-planned, amenity-rich lifestyle communities. Tellus Group seeks to deliver risk-adjusted rates of return that build and sustain investor trust throughout the investment cycle.
The principals of Tellus Group have a long history of creating value for both their residents and their capital partners by engineering and executing smart, disciplined, proactive management and capital strategies. The company is committed to creating places that positively affect the lives of those that live in a Tellus community and the land on which it is built.
