Shepherd’s Place
2023
Land developement , MUD , Land bank
Project Area
531 Acres
Parking
NA
Project Type
Land Development – Mixed-use residential and retail development
PARKING LOCATION
Sherman, Texas
Project overview
Land development project spanning across 531 Acres’ Excellent land facing US HWY 75 – comprising 1000 Single Family Lots, Large Commercial Tracts, Industrial Tracts, Multi Family Tracts, Town Homes / Senior Living Tracts.
highlights
Land area : 531.87 Acres
Address : Shephard place, Sherman,Tx, 75092.
City Limits : City of Sherman
Property ID : 127649 (472.58 ac), 128726 (24.04 ac), 127647 (35.25 ac)
CAD URL: https://esearch.graysonappraisal.org/Property/View/127649t
https://esearch.graysonappraisal.org/Property/View/128726
https://esearch.graysonappraisal.org/Property/View/127647
Project Infromatiom
This is a 531-acre land located in Grayson County at the SW quadrant of Central Expressway (US HWY 75) and Shepherd Road.
A retail development is planned for this site, including 937 single-family units, 2,120 flex/multifamily units, and nearly 272,170 square feet of space. The development is intended to be staged over five years.
This development concept has been approved as a Planned Development District by the Sherman, TX City Council on July 19, 2021.
The site has existing infrastructure, including a 12” sanitary sewer line running the length of the site just east of Choctaw Creek, and a 24” line located a few hundred feet north of Shepherd Road at the adjacent Finisar site.
Additionally, there is a 750,000 gallon elevated water tank positioned just north of the site, and a 24” water main within the Shepherd Drive ROW with a 12” water main loop already installed in the northernmost area of the property.
The conceptual site plan proposes seven access points from Shepherd Road and an additional six access points along the US 75 frontage road.
The Traffic Impact Analysis (TIA) estimates that up to 5% of the total land coverage will be allocated to commercial square footage.
Shepherd Road is scheduled to be widened in 2023 to a four-lane median divided configuration.
The site grades may result in adjustments to the concept plan, either with a reduction in the number of units or the inclusion of retaining walls to support the proposed density.
The site is surrounded by single-family homes and vacant land to the west and south, while it is bordered by US Hwy 75 to the east. On the opposite side of the freeway, there is an area zoned for Medium Manufacturing.
Currently undeveloped, the property comprises a mix of pastureland and wooded areas.
Based on the Grayson County Lidar Map, there is approximately a 140-foot elevation change from the high points of the site to the low areas of Choctaw Creek. The creek and a wetland located in the southern part of the site are under jurisdiction.
The FEMA maps indicate that approximately 40 acres of floodplain exist on the site.
There were no underground storm sewer drains found in the project vicinity.
Overhead electric and telecom infrastructure appear to be adjacent to the northern project boundary within the right-of-way (ROW).
Gas service will be provided by Atmos Energy, and electric service appears to be provided by ONCOR.
Access work within the US Highway 75 ROW will require review and permitting from TxDOT.
Scope of Work
Land Feasibility
Conduct site analysis, zoning checks, and environmental and financial assessments to determine land development potential.
Land Entitlement
Secure the necessary legal approvals and permits by managing zoning, subdivision, and regulatory compliance.
MUD & PID Services
Facilitate the creation and management of Municipal Utility Districts (MUDs) and Public Improvement Districts (PIDs) for infrastructure and community financing.
Design & Permitting
Provide design services and manage the permitting process to ensure regulatory compliance and project readiness.
Land Development
Oversee site preparation, utility installation, and infrastructure development to ready land for construction.
Project Phases
Land Feasibility
The 531.87-acre Shepherd Place site in Sherman, TX, requires comprehensive feasibility studies assessing water infrastructure, drainage solutions, and market demand to ensure successful development and maximize value for stakeholders.
Land Entitlement
Shepherd Place’s land entitlement process includes securing approvals from the City of Sherman, completing the necessary preliminary plat and construction documentation, and adhering to zoning regulations for mixed-use development.
MUD & PID Services
Municipal Utility District (MUD) and Public Improvement District (PID) services will facilitate funding for necessary infrastructure improvements, ensuring that essential utilities and services are efficiently provided to support the development.
Design & Permitting
The design and permitting phase encompasses the creation of site plans, environmental assessments, and regulatory compliance documents, ensuring that all necessary permits are obtained for construction and development activities.
Land Development
Land development involves site preparation, grading, utility installation, and infrastructure improvements to create a functional mixed-use environment, accommodating residential, commercial, and recreational spaces within Shepherd Place.
Project Outcomes
Key Achievements
Luxurious Living Experience
Residents enjoy high-end amenities in a tranquil lakeside setting.
Enhanced Community Appeal
The project contributes to the attractiveness of the Leander area, promoting a desirable lifestyle.
Sustainability and Nature Integration
The design emphasizes harmony with nature, offering scenic views and outdoor living spaces.
Visual Showcase
Video Gallery
