Fort Worth clears agreement with Dallas company for hundreds of homes off Bonds Ranch
Fort Worth city leaders agreed unanimously on Tuesday evening to help jump-start a 335-acre mixed-use development on the city’s northern frontier.
BRN Piedmont LLC plans to develop stores, a school, a park, and hundreds of homes across a vacant expanse of ranch land sandwiched between Bonds Ranch Road and Peden Road, just beyond city limits. The venture will unleash yet more construction onto Bonds Ranch, an 8-mile farm street now convulsed by rapid suburbanization.
Fort Worth has agreed to supply the budding project with water and sewer services so long as the company complies with a “development agreement” with the city. Fort Worth could annex the property once it’s been “substantially developed,” formally absorbing yet another chunk of its sprawling extraterritorial jurisdiction.
The Tarrant Appraisal District lists BRN Piedmont’s address as 4001 Maple Avenue, Suite 270 in Dallas, the headquarters of PMB Capital Investments, a real estate firm managing residential developments across the state.
PMB unveiled plans for an almost 2,000-home subdivision on the southern side of Bonds Ranch Road in 2022. The company has also pitched its flag in the city’s western outskirts, where it hopes to nurture industrial and residential development across thousands of acres of disused ranch land.
