Platinum Ranch Project Set to Break Ground in Late 2025
Staff reports
In a news release issued Friday afternoon, the Farmers Branch-based Centurion American Development Group announced a master-planned community planned for Grayson County and specifically Gunter.
“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,” a news release said.
Platinum Ranch is expected to be a residential development to complement a 500-acre site in Gunter purchased by Centurion in 2022.
“Gunter is next in line for major developments along the Golden Corridor following both Preston Road and the Dallas North Tollway,” said broker Rex Glendenning of Rex Real Estate played a role in the land acquisition.
“While we spent two years planning the acquisition and development of Platinum Ranch, our commitment to Gunter and Grayson County goes back much further,” Centurion CEO Mehrdad Moayedi said. “We are proud to be a part of the growth story in Gunter and to bring exceptional communities to this beautiful city.”
The development is expected to be a mix of residential, commercial and multi-family units.
“The planned 4,200 single-family residential homes will be served by onsite campuses in the award-winning Gunter ISD,” the release said. “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.”
This is not the first time Centurion has worked in Gunter on developments.
“Centurion American Development Group has a long history working in Gunter,” the release said. “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.”
This is expected to embrace the continued theme of growth in 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.
