Frisco-based Rockhill Capital & Investments recently announced the sale of a large tract of land in New Fairview to homebuilder Lennar, which plans to construct thousands of new homes in the area.
The project will see Lennar build more than 4,000 homes in the 1,800-acre Ranchland development, near County Line Road and Farm to Market Road 407. Construction is set to begin this summer, with new homes slated to be available in the summer of 2028.
“At Rockhill, we strive to identify desirable, high-potential land opportunities and work alongside cities to understand their own visions for growth,” said Ryan Griffin, principal and CEO at Rockhill Capital & Investments, in a January 15 release. “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.”
Rockhill secured the land in 2022, partnering with development consultant Ocie Vest of Southridge Park to help kickstart the proposed sustainable live-work-play community.
Ranchland straddles both Wise County and Denton County, roughly an hour’s drive northwest of Dallas. The community is part of the Northwest and Decatur Independent School Districts.
“We’re incredibly excited to develop and open Ranchland in New Fairview, Texas. This community will offer something for everyone — beautiful homes for all stages of life, a vibrant town square, schools, parks, commercial spaces, and a host of amenities that bring people together,” said Greg Mayberry, Division President at Lennar.
“Ranchland is designed to be more than just a community; it’s a destination where families can grow, connect, and create lasting memories.”
Last year, The Dallas Express reported that Rockhill Capital planned to develop hundreds of new homes on 116 acres in Anna, around 45 minutes north of Dallas. The firm is turning the site into 325 lots that will be sold to homebuilders. Construction on the homes in Anna is forecast to begin during the second quarter of 2025.