Business

July 18, 2014

Canadian developer buys more land for homes along Chisholm Trail Parkway

The Walton Group acquired 268 acres at McPherson Boulevard, just north of where it bought 1,755 acres from the state in June for a master-planned project.

Walton Group of Companies, which recently acquired land from the state along the southern portion of the Chisholm Trail Parkway, has bought several hundred more acres in the area to build single-family homes.

Walton, a Canadian with U.S. headquarters in Scottsdale, Ariz., Friday that it bought 268 acres from Stratford Land Co. and Legacy Capital Co., two Dallas-based firms that partnered on a 625-acre development called Chisholm Trail Ranch in far south Fort Worth.

The land straddles the Chisholm Trail Parkway at McPherson Boulevard, just north of where Walton bought 1,755 acres from the state’s General Land Office in June.

Walton said it is in discussions with builders and plans lot delivery by the end of 2015. Walton said it has also been working with the Crowley school district on a planned elementary school site within the first phase of home construction.

“With the newly opened parkway and easy access to downtown Fort Worth, Chisholm Trail Ranch has the potential to become a vibrant master-planned community and Walton’s first development project in Texas,” John Vick, Walton’s regional president, said in a statement.

“We are proud to have Walton, who has been in business for over 30 years, take all of the single-family land at Chisholm Trail,” said Steve Sanders, Stratford Land’s senior investment manager for Texas in a statement. “Walton’s master-planned communities are exceptionally well designed.”

Chisholm Trail Ranch developers are planning a mix of retail uses at the site, including a movie theater and restaurants.

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