Platinum Ranch Project Set to Break Ground in Late 2025
GUNTER, Texas--(BUSINESS WIRE)--Farmers Branch-based Centurion American Development Group and its CEO, Mehrdad Moayedi, have announced one of the largest master-planned communities in fast-growing Grayson County. Excavation at Platinum Ranch will begin in Q4 2025 on nearly 2,000 acres with prominent frontage along the Grayson County Toll Road and easy access to Preston Road, which is less than one mile east of the development.
The transaction was brokered by Rex Glendenning of Rex Real Estate, who recognizes the important role Gunter will play in the growth of North Texas. Lenders responsible for the closing of Platinum Ranch include Ubank, Liberty Bankers and Chambers Bank. Trez Capital was the lender for Taylor Ranch.
“Gunter is next in line for major developments along the Golden Corridor following both Preston Road and the Dallas North Tollway,” Glendenning said.
Platinum Ranch is set to become the premier residential development in Grayson County and to complement Taylor Ranch, a 500-acre site in Gunter purchased by Centurion American in 2022.
“While we spent two years planning the acquisition and development of Platinum Ranch, our commitment to Gunter and Grayson County goes back much further,” Moayedi explained. “We are proud to be a part of the growth story in Gunter and to bring exceptional communities to this beautiful city.”
The approximate 1,998-acre development will include a broad array of residential, commercial and multi-family aspects. The planned 4,200 single-family residential homes will be served by onsite campuses in the award-winning Gunter ISD. An additional 29 acres will be dedicated to residential villas zoned for up to 290 units. Another 277 acres of mixed-use development, including commercial and a maximum of 3,000 multi-family units, along the Grayson County Toll Road and Marilee Road will provide lifestyle enhancements for the families in this community. Platinum Ranch will feature 223 acres of green space including a community park and several planned amenity centers. The property also includes several lakes, which will be enhanced with additional parks, trails and other open-space amenities.
Centurion American Development Group has a long history working in Gunter. In 2012, it acquired and expanded The Bridges at Preston Crossings, which includes an award-winning, Fred Couples-designed golf course.
The entire team behind Platinum Ranch sees this development as a signature step in the growth of Grayson County.
“I feel that this is a major milestone for the City of Gunter as this development will help set the template for continued quality growth along the Dallas North Tollway,” said Rex Real Estate agent Caleb Lavey, who worked on the transaction.