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A Dallas-based developer plans to begin construction this summer on a 190-acre neighborhood in Prosper. 

The new community, called Mirabella, will feature 285 luxury homes starting at $1 million. Home sales are expected to begin in late 2026, according to a March 28 announcement. 

 Tellus Group is developing the community and has tapped Huntington Homes, the luxury division of Highland Homes, as one of the builders. The developer is in the process of selecting additional homebuilders for the project. 

Mirabella will be located on Custer Road between U.S. Highway 380 and First Street. It’s set to feature natural amenities including hike-and-bike trails along a natural creek, winding through preserved tree canopies and linking several small parks and open spaces. 

The community will be in Prosper Independent School District, ranked as the 11th best school district in the Dallas-Fort Worth metro by Niche. 

Prosper has made headlines as the ninth fastest-growing city in the nation. More widely, Collin County ranked No. 4 for estimated population growth nationwide from July 2023 to July 2024. With its population now topping 1.2 million, Collin County continues to thrive, fueled by a wave of corporate relocations, sought-after amenities and highly rated schools. 

“Between Highland’s distinguished reputation, the intentional design enhancing natural features of the land, and Mirabella’s prime location within Prosper, near McKinney, Frisco, and Plano, this will undoubtedly become one of the area’s most sought-after neighborhoods,” Tellus Group Chief Operating Officer Andre Ferrari said in a statement. 

Mirabella will be the latest North Texas development by Tellus Group, which is also behind Windsong Ranch in Prosper, Mosaic in Celina, Meraki in Forney and Sherley Farms in Anna. The first 400 homes at Meraki are expected to be finished by this fall and construction on the first phase of Sherley Farms is anticipated to break ground this summer, a spokesperson at Tellus Group said in a April 1 email. 

Read More about Mirabella:

https://www.bizjournals.com/dallas/news/2025/04/02/tellus-group-prosper-luxury-home-huntington-summer.html

https://communityimpact.com/dallas-fort-worth/prosper-celina/development/2025/03/31/mirabella-development-set-to-bring-285-luxury-homes-to-prosper-breaks-ground-this-summer

https://www.dmagazine.com/commercial-real-estate/2025/04/deal-ticker-well-go-usa-establishes-new-hq-in-allen

https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-arlington-shopping-center-gets-30m-makeover-new-retailers-128729

Anna, TX– (January 13, 2025)  Tellus Group, a leader in visionary community development, announces it has closed on the first phase of 970 acres of land for Sherley Farms, a transformative master-planned community with 3,000 homes approved. Located just east of Highway 5 near downtown Anna, Texas, the $1.5 billion project is designed around holistic wellness, sustainability and community connection.

“We are future proofing this community with a holistic view of wellness, social connectivity and a deep respect for the land,” said Craig Martin, chief executive officer and founding partner of Tellus Group. “Sherley Farms not only reflects our commitment to innovative and meaningful design, but also aligns seamlessly with Anna’s vision for thoughtful growth and vibrant community living. We have a great partnership with the City of Anna and have been working with them over the last year to tie into its traditions and celebrate what makes people love living here.”

The community will offer expansive green spaces, including a central green corridor, and integrate a 65-acre working organic farm as a cornerstone of the development. Through its agricultural focus, Sherley Farms aims to connect residents with nature while fostering a sense of community through health and wellness lifestyle programming. The design also prioritizes accessibility with extensive trail systems linking the development to downtown Anna and key city amenities.

“The Sherley family has a long history as farmers and ranchers, so appreciating the freedom of access to open space and the wide-open beauty of the land is important to us,” said Tasha Sherley Escoto, manager, Sherley Partners.  “We chose Tellus as the developer because they were excited by our vision for a community grounded in the land itself and focused on creating a healthier quality of life for all. They approached this with a strength of character and commitment, not just a transaction.”

Andre Ferrari, chief operating officer of Tellus Group, said, “With the development of Sherley Farms, Tellus Group continues its proud tradition of collaborating with landowners to create developments that thoughtfully preserve and honor the legacy of their family’s land.”

The City of Anna’s strategic plan emphasizes innovative and unique developments. 

“Sherley Farms reflects Anna’s vision for growth that enhances our quality of life,” said Anna City Manager Ryan Henderson. “With over 150 acres of open space, miles of trails and a direct connection to Geer Park and downtown Anna, this development blends outdoor recreation, community gathering spaces and convenient access to our city’s core. It is a forward-thinking development designed for today and tomorrow.”

Sherley Farms will offer a variety of homes by quality builders guided by strict architectural standards, lifestyle-driven amenities including two unique amenity centers, and intentional spaces for social interaction. Groundbreaking on the project is expected to begin by this summer.

As master developer of the $3 billion Windsong Ranch in Prosper, Tellus has a long history of creating significant value for both its residents and capital partners by engineering and executing smart, disciplined, proactive management and capital strategies. Tellus is also developing Mosaic, a 760-acre single-family residential community in Prosper, TX and Meraki, a 1,100-acre residential community in Forney, TX with the same financial partners as those in Sherley Farms, Caravel Ventures, Sumitomo Forestry and Schaeffer Michael.

The principals of Tellus Group have a long history of creating value for both their residents and their capital partners by engineering and executing smart, disciplined, proactive management and capital strategies. Our principals are committed to creating places that positively affect the lives of those that live in a Tellus community and the land on which it’s built.

The principals of Tellus Group have a long history of creating value for both their residents and their capital partners by engineering and executing smart, disciplined, proactive management and capital strategies. Our principals are committed to creating places that positively affect the lives of those that live in a Tellus community and the land on which it’s built.