Argyle saddles up 5T Ranch with $67M residential project

ARGYLE, DENTON COUNTY – The development of a $67.5 million residential development at 406 Country Club Rd. has been announced.

Developer James R. Harris Partners will build 5T Ranch on the 55.2-acre tract. The luxury neighborhood will offer 90 custom single-family homes in the area between the conservation district and the town center district.

Construction is expected to begin spring 2015, according to Justin Welborn, managing partner of 5T Ranch.

Surrounding the homesites will be 18.6 acres of parkland that will include three soccer fields, two tee-ball fields, a shaded playground, a covered play structure and a picnic area.

The project will generate about $1 million in additional annual revenue to the Argyle school district, with about 59 more students expected when all of the homes are purchased.

Combined impact fee income for the town of Argyle and Argyle Water Supply District from the development will be a minimum of $968,670, according to Welborn.