Walton Group of Cos. has started construction on the residential portion of Chisholm Trail Ranch, a 625-acre master-planned community that will include about 1,100 homes at Chisholm Trail Parkway and McPherson Boulevard in far south Fort Worth.
Walton Group, a privately-held real estate investment and development group based in Canada with U.S. headquarters in Scottsdale, Ariz., bought 268 acres in July of 2014 from Stratford Land Co. and Legacy Capital Co. in Dallas. At that time, Walton said it hoped to start lot delivery to home builders by the end of this year.
Stratford Land and Legacy Capital will develop the commercial component of the project.
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 of 2014. Walton donated 80 acres of that land to Tarleton State University for a Fort Worth campus.
Having worked closely with Walton on this project, I believe it’s a strong step in the right direction toward spurring economic development and growth in this part of Fort Worth.
Fort Worth City Councilman Jungus Jordan
The Chisholm Trail Parkway, which stretches from Cleburne to downtown Fort Worth, opened in 2014. Several developers have acquired land along the 28-mile toll road.
Chisholm Trail Ranch is in the Crowley Independent School District.
“Residents of Chisholm Trail Ranch will have an on-site elementary school, and we’re proud to be working with the Crowley Independent School district in designing this new school.” said John Vick, Walton Development’s south regional president.
Chisholm Trail Ranch will be part of a hike-and-bike trail system linking existing parks and school sites throughout the area. It will also feature Fort Worth’s new 75-acre Chisholm Trail Park, anchored by the newly-opened Chisholm Trail Community Center, all immediately adjacent to existing and new development along McPherson Blvd.
“Having worked closely with Walton on this project, I believe it’s a strong step in the right direction toward spurring economic development and growth in this part of Fort Worth.” said Fort Worth City Councilman Jungus Jordan.