Centurion American Development Group, a prominent North Texas developer, has acquired a 629-acre property in northwest Fort Worth for a new master-planned community. The project, named Rio Claro, is set to bring nearly 1,800 single-family homes to the rapidly expanding area.
The acquisition from PMB Capital, which closed on October 3, underscores the intense demand for housing in Fort Worth, a city consistently ranked among the fastest-growing in the United States. This new development will be located southeast of the intersection of Morris Dido Newark Road and Bonds Ranch Road.
Key Takeaways
- A 629-acre community named Rio Claro is planned for northwest Fort Worth.
- The project will feature 1,761 homes developed in four phases.
- The developer, Centurion American, is also building an adjacent community, bringing their total commitment in the area to nearly 3,000 homes across 1,500 acres.
- Construction of the first phase is expected to begin soon, with lots delivered to builders in early 2027.
- The development coincides with a nearly $200 million project to improve local roadways.
Project Rio Claro Details
The Farmers Branch-based developer has laid out a comprehensive plan for the Rio Claro community. The project will unfold over four distinct phases, ultimately delivering 1,761 homes upon completion. Financial details of the transaction were not publicly disclosed.
A group of well-known homebuilders has been selected for the community. These include Coventry Homes, D.R. Horton, First Texas Homes, and HistoryMaker Homes. This selection suggests a range of home styles and price points will be available to future residents.
The homes will be built on lots varying in size from 50 to 80 feet, accommodating different family needs and preferences. While the first phase of development is slated to start shortly, specific home prices and detailed floor plans will be announced at a later date.
Timeline for New Housing
According to the developer, the initial delivery of finished lots to the builders is scheduled for the first quarter of 2027. This timeline indicates that the first residents could be moving into the Rio Claro community later that year or in early 2028, depending on construction schedules.
Rio Claro at a Glance
- Total Area: 629 acres
- Total Homes Planned: 1,761
- Development Phases: 4
- Lot Sizes: 50 to 80 feet
- Location: Northwest Fort Worth
A Larger Vision for North Fort Worth
The Rio Claro project is not an isolated development for Centurion American. It is strategically located next to another of the company's major projects, the Estates at Eagle Mountain. This adjacent community is an 836-acre development planned for 1,126 homes.
When combined, these two master-planned communities represent a significant investment in the future of northwest Fort Worth. Together, they cover nearly 1,500 acres and will introduce approximately 3,000 new single-family homes to the market.
This large-scale development reflects a long-term strategy to create a substantial residential hub in this part of the Dallas-Fort Worth metroplex. The coordinated planning of two large, adjacent communities allows for more cohesive design and infrastructure integration.
Fort Worth's Population Boom
Fort Worth has experienced significant population growth over the past decade. According to U.S. Census data, it is one of the fastest-growing large cities in the nation. This rapid expansion has created strong and sustained demand for new housing developments like Rio Claro to accommodate the influx of new residents.
Infrastructure and Community Partnership
Recognizing that such a large influx of new residents will impact local infrastructure, Centurion American stated it is actively collaborating with local authorities. The company is working with the City of Fort Worth, Tarrant County, and regional transportation entities to address road capacity and traffic flow.
These efforts are timely, as local officials recently held a public meeting to discuss a major infrastructure project in the area. The meeting focused on a nearly $200 million plan to improve Bonds Ranch Road, a key artery for the region where these new communities are located.
Mehrdad Moayedi, the president and CEO of Centurion American Development Group, highlighted the importance of this partnership.
"We relish the relationship we have with the City of Fort Worth and really respect the level of engagement and partnership they bring to the table," Moayedi said in a statement.
Meeting Regional Housing Demand
The scale of the Rio Claro and Estates at Eagle Mountain developments is a direct response to the housing needs of the Dallas-Fort Worth area. The region continues to attract new businesses and residents, fueling a competitive real estate market.
In his statement, Moayedi addressed this dynamic directly.
"Fort Worth continues to be one of the fastest-growing cities in the country, and the demand for thoughtfully planned communities has never been greater," he stated. "With Rio Claro, we are proud to bring a new neighborhood that balances high-quality homes with the natural beauty of the area, creating a place where families can thrive for generations to come."
The project's financing was provided by IBC Bank, indicating strong financial backing for the large-scale undertaking. As the development progresses, more information on home designs, community amenities, and pricing is expected to be released to the public.
