Walton Global offloaded 126 acres of land marked for master-plan development between Cedar Hill and Midlothian.
Part of the Lake Ridge Parkway Master Plan, the property will be developed by the unidentified buyer in multiple stages as part of a 400-acre community, according to a news release. The community is anticipated to deliver over 800 homes.
The acreage straddles Dallas and Ellis Counties in an area referred to as the “Hill Country of Dallas,” Walton senior vice president Rob Nixon said.
Over 300 acres is in Midlothian, and the remaining portion lies in Cedar Hill. It’s consequently dually zoned: the northern Cedar Hill portion is zoned for single-family residential, while the southern Midlothian portion is zoned for medium-residential and industrial uses, the release said.
The deal is one of several the Arizona-based company has closed in just the last few months. It offloaded 930 acres in three sales in late December, near Austin, San Marcos and Fort Worth, and it bought 141 acres less than two weeks ago with D.R. Horton in the Wise County town of Rhome, within a master-planned community called North Star.
Developers have flocked to the land north of Dallas, but cities like Midlothian and Cedar Hill south of Dallas are seeing plenty of action as well.
In addition to Google’s $600 million data center, Tom Thumb is building a 59,000-square-foot store in Midlothian, at F.M. 1387 and North Walnut Grove Road, all in addition to hundreds of thousands of square feet of industrial development along U.S. Highway 67 built over the years from companies like Provident Realty Advisors, Arco Ventures and KBC Advisors.
Lennar is building a 246 single-family home community in Cedar Hill, while D.R. Horton and Republic Property Group brought homes to the city in the last two years, at the StoneHill community and the Cottages at Waterford.
Midlothian’s population increased nearly 18 percent from April 2020 to July 2023, however Cedar Hill’s declined 1.5 percent in the same time period, according to Census data.
Lots of land is on the market in the area too, especially in Ellis County. Thousands of acres were listed for sale in the last two months, including about 5,900 acres near Waxahachie, just south of the metroplex. The same owner is selling two adjacent sites nearby, spanning about 2,200 acres, and another 3,700 acres near Midlothian and Venus, in Johnson County.
In contrast to master-plan or residential-zoned land, most of that acreage is owned by rancher, landowner and oilman Richard Miskimon, who’s marketing it as ideal for data centers and energy companies.
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Walton Global, D.R. Horton buy 140 acres north of Fort Worth
Walton Global land sales spotlight Texas development trends
Walton Global, D.R. Horton buy 140 acres north of Fort Worth
