Billion dollar development planned for Sherman expanding
SHERMAN, Texas (KXII) - A project already topping one billion dollars will grow even larger in Sherman.
It will be called Bel Air Village planned for living spaces, a shopping area and parks on nearly 280 acres of land.
The Sherman Planning and Zoning Commission is voting Tuesday night to approve an additional 33 acres.
The city says it will be a defining development, since it’s one of the first things people will see when they come into town.
The land east of Highway 75 and south of FM-1417 is near Samuel Quaye’s neighborhood, where he’s lived for 30 years.
“Things have to change. So anything for change is good,” said Quaye.
And this would be a big change.
Bel Air Village has been in the works for over a year.
The developer, Terra Perpetua LLC, originally slotted for 245 acres, and now they’re adding around 33 more.
“It’s a good idea to me. Anything for development, that’s okay with me,” Quaye said.
Site plans submitted to the city say the Village will be a mix of commercial, residential and recreational opportunities with land set aside for parks, trails and other amenities.
They’re planning for thousands of homes and apartments, a large lagoon-style swimming pool, a shopping center and potentially even a school.
“Anything to bring people in here to get this place going,” Quaye said.
City spokesman Nate Strauch says for the past several years, growth in Sherman has been steady.
But this would add around 2,000 single family homes and another 3,000 apartments.
“The growth we’ve been hearing about for decades, it’s really here. It’s at our doorstep,” Strauch said.
The next step is negotiating how much the City of Sherman will pay to put in infrastructure like roads, water and sewage.
So far, the city has received no objections.
“Anybody that opposes development is out of their mind, that’s all I can say,” Quaye said.
Strauch says city council plans to take a final vote on the project in September.
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