Furst Ranch, a master-planned community under development nestled between Flower Mound, Bartonville, and Argyle, is among seven Dallas-Fort Worth developments sold by Houston-based real estate developer Hines in an $800 million transaction announced April 4, according to the Dallas Business Journal.
The high-profile sale is part of a larger deal involving 11 master-planned communities across Texas, purchased by a joint venture between Miami-based Starwood Capital Group and an affiliate of Land Strategies Management, operating as Starwood Land. In total, the acquisition includes about 16,000 residential lots and 600 acres of land spread across the Dallas-Fort Worth, Houston, and Austin metro areas.
Furst Ranch stands out in Denton County as one of the region’s most ambitious and upscale developments. Plans for the community include approximately 1,300 luxury homes, with starting prices near $800,000 and reaching above $2.5 million. Builders for the community include Coventry Homes, David Weekley Homes, Drees Homes, Highland Homes, Partners in Building, Shaddock Homes and Tradition Homes…