Saddle Creek Gallery

The Half-Billion-Dollar Development Breaks Ground

DENISON, Texas

A $500 million property development is about to break ground in Denison, and plans were unveiled Thursday.

The 700 acre master plan community, known as Gateway Village, will be located at Loy Lake Road and Seymour Bradley, near Texoma Medical Center. “We felt the demand primarily because of the growth of the hospital,” Tom Johnson, Covenant Development Partners president, said. “The hospital has been instrumental in recruiting physicians in the community that haven’t been able to find a place to live.”

Johnson said home construction is slated to begin next month.

Johnson also stated Gateway Village will be made up of more than 500 houses – 55 of them high-end homes costing from $500,000 to $1 million each. The other 450 homes would probably be in the $250,000 range.

Read the full story from KXII: http://www.kxii.com/home/headlines/Construction-to-begin-on-half-billion-dollar-Denison-development-284824451.html

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