While the lagoon living trend continues to expand through North Texas, some folks are searching for a simpler life. If the lavish beach life isn’t for you, a new development is bringing farm living to Anna.
Tellus Group, a Prosper-based developer, has acquired 970 acres in Anna to launch the $1.5 billion Sherley Farms project. The land purchase was finalized in late December 2024, marking the first phase of this ambitious development.
Why This Is Important
Located about 20 miles south of Sherman and 40 miles north of Dallas, Anna has experienced a surge of new residents previously reported by Local Profile. With rapid growth on both sides, the town's population is expected to double from 20,000 in 2021 to 45,000 by 2030.
To prepare for this growth, the city is investing in infrastructure improvements, including roadways and sewers, to support development throughout the city. Additionally, the permit process was streamlined to take days instead of weeks, making it easier for developers to build. And building they are.
Living On The Farm
The Sherley Farms community, located just east of Highway 5, will feature 3,000 homes, expansive green spaces, a 65-acre working organic farm as a central highlight and trails that connect the development to downtown Anna and other local amenities.
“The Sherley family has a long history as farmers and ranchers, so appreciating the freedom of access to open space and the wide-open beauty of the land is important to us,” said Sherley Partners Manager Tasha Sherley Escoto. “We chose Tellus as the developer because they were excited by our vision for a community grounded in the land itself and focused on creating a healthier quality of life for all. They approached this with a strength of character and commitment, not just a transaction.”
The real estate developers have a proven track record of delivering large-scale communities across North Texas, including Prosper's 2,000-acre, lagoon living Windsong Ranch, the upcoming Mosaic, a single-family development currently in progress in Celina and the 1,100-acre Meraki community in Forney.
Other Ongoing Projects In Anna
In April 2024, another massive community broke ground in Anna. Megatel Homes initiated construction on AnaCapri, a $1 billion residential community centered around a large lagoon. Initially estimated at $800 million, the project’s cost increased to $1 billion after Megatel acquired more land.
Over 100 residents have already moved into the first phase, and the developer plans to add 400 more homes by the end of the year. The full development is expected to include up to 2,000 single-family homes and 600 multifamily units, with completion slated for within five years.
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