The latest D.R. Horton project in Bonham brings North Texas residential development a step closer to Oklahoma.
The Arlington, Texas-based homebuilding giant will start construction this month on Asher Oaks, a 78-lot community on 27 acres in Bonham, according to a press release from the Bonham Economic Development Corporation. Bonham is a Fannin County town about 30 miles east of Sherman — Texas’ northernmost city linked directly to downtown Dallas via highway — and 40 miles northeast of McKinney, the nearest Metroplex commuter hub.
Unlike other recently announced master-planned communities replacing farmland throughout North Texas, including Sanchez & Associates’ Powder Creek Ranch project outside Bonham, Asher Oaks will be centrally located. The 27-acre site, a former golf course, is across the street from Bonham High School.
Among four master-planned communities in the pipeline for Bonham, Asher Oaks will be the first to start construction, according to City Manager Sean Pate. Sanchez plans to build 3,000 homes, including multifamily units, in Powder Creek Ranch near State Highways 121 and 56. Last April, the city approved a public improvement district for The Preserve at Bonham, a 200-acre mixed-use development off U.S. 82 where Fieldside Development plans to build 1,000 single-family homes. And Rockhill Capital and Investments is planning a 600-acre development with multifamily units, single-family homes and condominiums near Bois D’Arc Lake, one of two newly completed reservoirs.
“We won’t have a water crisis. We’ve got that taken care of,” Pate said.
Asher Oaks isn’t expected to have a multifamily component, but two commercial lots are waiting for development, according to the release. Asher Lane Bridal already operates on another commercial lot.
Asher Oaks isn’t D.R. Horton’s northernmost development in Texas, but it’s close. It’s just south of U.S. 82, the highway that generally hugs the Texas-Oklahoma border. Sweetwater Springs near Sherman is the company’s only Texas community north of U.S. 82, according to Builder Guides.
D.R. Horton did not respond immediately to a request for comment.
“It’s the first of many for D.R. Horton,” Pate said.
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