Bear Creek Ranch west of Fort Worth planned for community with 6,000 homes

A Dallas developer is planning to build thousands of new homes on a 2,000-acre ranch west of Fort Worth.

JMJ Property paid almost $35 million for the Bear Creek Ranch in Aledo, located 15 minutes from downtown Fort Worth via Interstate 30.

The company plans to build 5,000 to 6,000 homes on the site, said CEO Timothy Barton. The property is near the huge Walsh Ranch development, one of the largest new residential projects in North Texas.

JMJ is already buying other tracts of land in the area, too.

“We have other tracts out in Parker County,” Barton said. “Today, we are closing on another 200 acres — the Rogers Ranch. We are going to create a master planned development. We want to find a market people can afford and still give a great quality of life in close proximity to the city.”

The project, now in its design and engineering phase, will begin with development of large estate lots, Barton said. But it’ll also have more affordable homes.

“Our price point will be somewhere near $300,000,” Barton said. “We see that as a high-demand price point and I see that as the high-demand area. Our goal is to get somewhere around 10,000 home lots under control.”

Bear Creek Ranch is in the 6,000-student Aledo school district. Its enrollment has grown nearly 21 percent in the last five years. The Walsh Ranch development, which spans more than 7,000 acres and is expected to eventually be home to 50,000 residents, also is in the Aledo district.

The property was sold to JMJ Development by Dixon Water Foundation, a philanthropic land management organization founded by late Dallas businessman Roger Dixon.

“We worked quite quickly and we ended up buying it within 90 days,” Barton said.

JMJ Development is working on several other residential projects across North Texas. And the company is a partner in a proposed high-rise condominium and hotel project on Dallas’ Turtle Creek. It’s also working on a hotel and residential high-rise in the Dallas Design District.

Dallas News. (2019, Feb 18).
Bear Creek Ranch west of Fort Worth planned for community with 6,000 homes [Blog post]. Retrieved from

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