Fort Worth, October 11, 2025
News Summary
Centurion American Development Group has acquired the Rio Claro site, a 629-acre master planned community in Fort Worth. The project plans to develop around 1,800 new homes and will commence initial construction soon. The development is expected to unfold in four phases, with lot deliveries to builders starting in 2027. The acquisition and forthcoming construction aim to enhance regional infrastructure and address traffic concerns while coordinating with local authorities.
Fort Worth — Centurion American Development Group has purchased Rio Claro, a 629-acre master planned community in northwest Fort Worth, with plans to develop nearly 1,800 new homes and to begin initial construction in the coming months.
Key facts and immediate impact
The acquisition of Rio Claro was completed on October 3. The site is located southeast of Morris Dido Newark and Bonds Ranch roads and will be developed in four phases. At full build-out the project is planned to include 1,761 homes, with lot sizes ranging from 50 to 80 feet. The first phase is expected to begin soon, with lots to be delivered to builders in the first quarter of 2027. Funding for the purchase and initial work has been provided by IBC Bank, and the previous owner of the development was PMB Capital.
Builders, pricing and timing
Named builders attached to the Rio Claro project include Coventry Homes, DR Horton, First Texas Homes and HistoryMaker Homes. Home prices and additional sales details have not yet been released and are listed as forthcoming. The developer has scheduled the phased delivery of lots so partner builders can begin construction following the first-quarter 2027 lot delivery timeline.
Infrastructure, traffic and public process
Centurion American is coordinating with the city of Fort Worth, Tarrant County, and local transportation authorities on roadway improvements in northern Fort Worth related to the project. A public meeting was held to discuss a nearly $200 million project aimed at addressing traffic issues along Bonds Ranch Road. These discussions reflect planned coordination on off-site improvements and traffic mitigation tied to new development activity in the area.
Relationship to other Centurion American projects
Rio Claro joins other Centurion American developments in northern Fort Worth. One nearby project, Estates at Eagle Mountain, spans 836 acres and is planned to feature 1,126 homes. Together, the combined footprint of Rio Claro and Estates at Eagle Mountain totals nearly 1,500 acres, projecting approximately 3,000 single-family lots across both developments.
Development details and phasing
The Rio Claro site will be delivered to builders in a staged manner across its four phases. Lot sizes within the development will vary to accommodate different product types, specifically ranging from 50 to 80 feet. The phased approach is intended to sequence infrastructure, utility work and home construction so that model homes and sales activity can ramp up after early infrastructure is completed and lots are transferred to builders.
Background and context
Centurion American Development Group has been active in northern Fort Worth with large-scale residential projects. The Rio Claro acquisition expands that presence and increases the firm’s aggregated acreage and lot capacity in the area. The purchase from PMB Capital and financing from IBC Bank complete the current transaction steps, while public agency coordination and roadway planning continue ahead of major home deliveries and construction activity.
What to expect next
Officials and developers expect site preparation and permitting to proceed in the near term, with the first lots delivered to builders in the first quarter of 2027. Home price announcements and additional sales information will be released at a later date as builders finalize product plans and marketing schedules. Roadway improvements and traffic projects connected to the development remain under study and planning with local government partners.
FAQ
What was purchased?
The purchase was Rio Claro, a 629-acre master planned community.
When was the acquisition completed?
The acquisition was completed on October 3.
How many homes are planned?
The site is planned to include 1,761 homes at full build-out.
Where is the site located?
The site is located southeast of Morris Dido Newark and Bonds Ranch roads.
How will the project be phased?
The property will be developed in four phases.
What are the lot sizes?
Lot sizes within the development will range from 50 to 80 feet.
Which builders are listed for the project?
Key builders for the development include Coventry Homes, DR Horton, First Texas Homes, and HistoryMaker Homes.
When will lots be delivered to builders?
Lots are expected to be delivered to builders in the first quarter of 2027.
Who owned the property previously?
The previous owner of the development was PMB Capital.
Who provided funding for the acquisition?
Funding for the project has been provided by IBC Bank.
Are there related Centurion American projects nearby?
Yes. Estates at Eagle Mountain spans 836 acres and will feature 1,126 homes. The combined footprint of Rio Claro and Estates at Eagle Mountain is nearly 1,500 acres, projecting approximately 3,000 single-family lots.
Is there a traffic or roadway project connected to this development?
A public meeting was held to discuss a nearly $200 million project addressing traffic issues along Bonds Ranch Road.
| Feature | Detail |
|---|---|
| Development name | Rio Claro |
| Size | 629-acre master planned community |
| Planned homes | 1,761 homes |
| Phases | Four phases |
| Lot sizes | 50 to 80 feet |
| Builders | Coventry Homes, DR Horton, First Texas Homes, HistoryMaker Homes |
| First lot delivery | First quarter of 2027 |
| Acquisition date | October 3 |
| Previous owner | PMB Capital |
| Financing | IBC Bank |
| Related project | Estates at Eagle Mountain — 836 acres, 1,126 homes |
| Combined footprint | Nearly 1,500 acres projecting approximately 3,000 single-family lots |
| Traffic project | Nearly $200 million project addressing Bonds Ranch Road |
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Additional Resources
- Cross Timbers Gazette
- Wikipedia: Fort Worth, Texas
- Dallas News
- Google Search: home development Fort Worth
- Business Wire
- Google Scholar: Rio Claro community Fort Worth
- Real Estate News
- Encyclopedia Britannica: real estate development Texas
- Fort Worth Inc.
- Google News: Fort Worth real estate
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