HSM Dalcon Breaks Ground for Shaw Creek Ranch II: 330 Single Family Lots offered in Ferris, Texas
Ground has been broken for Shaw Creek Ranch II, the new phase of an existing master planned development consisting of 330 single family lots on 67+ acres in Ferris, TX. The developer, HSM Shaw Creek Ranch II LLC, is a division of Henry S. Miller Company.
Shaw Creek Ranch II is located on FM 664 and is one mile west of Interstate 45, North Texas’ most underused freeway. Located only 20 minutes south of downtown Dallas, the subdivision is ideally located to provide housing for regional commuters.
In addition, the Union Pacific Intermodel Railport, the largest of its kind in North America, is located only five miles north of Ferris. This, along with distribution centers for Proctor & Gamble, Whirlpool and Ace Hardware in nearby Wilmer, is bringing hundreds of new jobs to the area. Shaw Creek offers new employees and their families housing in a good school district.
The featured builder for Shaw Creek Ranch II is LGI Homes, Inc. LGI is projecting ten starts per month with an average sale price of $233,000 per house. It is anticipated that early release lots will be delivered to the builder in the fall of 2019, allowing LGI to begin construction for home delivery during the 2020 spring selling season.
A True Public-Private Partnership
Shaw Creek Ranch II is a public-private partnership between The City of Ferris and the developer. Ferris Public Improvement District No. 1, a public bond program, was approved to finance a portion of the project along with HSM investors and Simmons Bank, the developer’s construction lender.
“The City of Ferris is excited to launch its first major housing development,” said Steve Donosky, president of HSM Dalcon, Inc. “Shaw Creek Ranch I began about 10 years ago, and this second phase is twice the size of phase one. Home sales in Shaw Creek Ranch I have been strong, and there has been high demand for new construction by first-time homebuyers. Demand and a lack of available lots ensure that Shaw Creek Ranch II will be an equally successful project.”
•Highly-rated Ferris Independent School District
•Community parks for homeowners to enjoy
•Public Improvement District to maintain amenities, entry features and parks
•Underground utilities and manicured streetscapes
•Easy access to I-45 and I-35E from FM 664
•Proximity to grocery, retail and shopping areas, medical care and hospitals, parks and recreational areas, postal services and libraries in the City of Ferris
•Strong demand for homes in the $200,000 to $250,000 price range
About Steve Donosky
Steve Donosky is President of HSM Dalcon, Inc. Steve began his career at HSM as a college intern in 1979 and continued as an associate with the Company until 1992. He re-joined the company in 2016 targeting shovel-ready projects in identified markets to develop lots for homebuilder clients needing immediate positions in those areas. Prior to rejoining HSM, Donosky served in managerial positions with Encore Enterprises, Inc., KD Financial, Inc., Donosky Real Estate Investments, Steve Donosky Company and Henry S. Miller Company.