Centurion American to Develop Master Planned Community in Grayson County
Centurion American Development Group bought 680 acres in Dorchester from Walton Global for a master-planned community known as Cottonwood.
The Cottonwood property is part of a larger, cohesive master plan totaling 1,474 acres. Centurion American intends to acquire the remaining acreage as the development picks up.
Municipal Utility Districts have been established on the property, which allows the development to offer increased amenities and a range of affordable housing, enabling the property to be competitive within the market. The concept plan includes a mixed-use community including residential, commercial and office use.
Located 8 miles south of downtown Sherman in Grayson County, and 55 miles north of downtown Dallas, the parcel is also within the City of Dorchester Extraterritorial Jurisdiction and under a Development Agreement with the City of Dorchester.
