In regions of North Texas, small communities have been rapidly expanding, earning the title of ‘boomtown.’ The small towns of Fate and Cresson are expected to be two of the next boomtowns in the state, NBC 5 reported.
Fate can be found 28 miles east of Dallas, and two decades ago only a few hundred people called the town home. Today, more than 20,000 people live in Fate, according to NBC 5. Cresson, 25 miles southwest of Fort Worth, expects thousands to move into the town over the next eight years.
Mitchell Parton, with the Dallas Morning News, spoke with NBC 5 about these two boomtowns in the DFW region. Parton said the town of Fate has been adding around two thousand residents a year in recent years.
“There’s at least hundreds if not thousands of new homes on the way for the community,” Parton shared. “The city is also getting a new high school within ten years.”
Cresson is also at the start of growing into a boomtown, according to Parton, and the town is bracing for an expansion. The town currently has vacant land, which is expected to be developed in the coming years.
The town of Anna, found about 45 miles from Dallas, is also positioned to become a Texas boomtown, according to The Real Deal. The director of the Anna Economic Development Corp., Joey Grisham shared that while the town used to be seen as too far from Dallas, things have changed recently.
“When I first started, I think a lot of people, even brokers, and developers, thought Anna was pretty far north, but right now they think it’s perfectly located. That’s how quickly things changed just in the last few years,” Grisham told The Real Deal.
Recent additions to the Anna Town Center shopping center have included Panda Express, Starbucks, Whataburger, and Chick-fil-A. Grisham said, “For most communities, those are not big deals, but when you live in a smaller community, those are very big deals.”
Last year the population in Anna was about 20,000, and it is expected to grow to around 45,000 by the year 2030, The Real Deal reported. The town is situated between Sherman and Plano, near Highway 75, roughly 45 miles northeast of Dallas.
“The amount of momentum that it’s going to put into the U.S. 75 corridor, all the way to the Oklahoma border, Anna is certainly going to feel a lot of positive impact from that,” Anna Mayor Nate Pike said.
Developments are already being built in Anna by Centurion American Development Group and Megatel Homes, according to The Real Deal. Pike stated that the town has also streamlined the permit process and is enhancing roadways in order to better work with developers.
“We have truly created a culture of wanting to be the most developer-friendly city in all of North Texas,” he said.
The streamlined process lets developers have permits in a few days instead of a few weeks.