Table of Contents
Tellus Group broke ground March 25, 2026 on Sherley Farms, an Anna Texas master-planned community spanning 970 acres just east of Highway 5 near downtown Anna. The $1.5 billion project will bring approximately 3,000 homes to one of Collin County’s fastest-growing cities, with seven builders confirmed for the first phase and lots projected for delivery in late 2026.
The development positions Anna as a destination for large-scale residential investment, not just overflow growth from Frisco and McKinney.
What Sherley Farms Actually Is
Most master-planned communities in North Texas lead with the amenity center. Sherley Farms leads with a farm.
A 65-acre working organic farm anchors the northern side of the development, functioning as an agricultural gathering place where residents will have access to fresh produce, educational programming, and community events. Extensive trail systems connect neighborhoods to the farm, to each other, and to downtown Anna and Geer Park beyond the community boundaries.
This Anna Texas master-planned community will also include more than 150 acres of open space, a Central Green corridor running the length of the community, and a first-phase amenity center with a resort-style pool.
First-phase homebuilders are Bloomfield Homes, DRB Homes, Drees Custom Homes, Highland Homes, Homebound, Olivia Clarke Homes, and Perry Homes. Lots will be 45 to 70 feet wide, offering a range of product types within the first phase. Estate lots are planned for later phases.
Infrastructure improvements are underway, mass grading is complete, and amenity development is ramping up this fall. Lots are projected for delivery in late 2026, with first model homes available spring 2027.
The Land Deal Behind It
Tellus Group, a Prosper-based real estate investment firm, purchased 970 acres on December 27, 2024 from Sherley Partners Ltd., in partnership with Houston-based Caravel Ventures, Japan-based Sumitomo Forestry, and Schaffer Michael LLC.
The Sherley family’s history on this land shaped the project concept. “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 Sherley Partners Manager Tasha Sherley Escoto. “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.”
That framing matters. The agricultural identity of the land became the design brief, not just the marketing copy.
Who Is Tellus Group
Tellus Group has a track record in large-format master-planned communities across North Texas. The firm was the principal developer of Windsong Ranch in Prosper, a $3 billion community that became one of the most recognized master-planned developments in the region. Tellus is also developing Mosaic in Celina, Mirabella in Prosper, and Meraki in Forney.
Windsong Ranch built its identity around a lagoon amenity. Sherley Farms is attempting a similar community identity play, with a working farm replacing the lagoon as the central differentiator.
“Sherley Farms reflects our belief that the future of community development is rooted in wellness, connection and a deep respect for the land,” said Craig Martin, CEO and founding partner of Tellus Group. “We are designing this community with intention, where access to nature, walkability and fresh food are part of daily life.”
Andre Ferrari, Tellus COO, put it more plainly: “The farm, the trails and the walkable spaces are the framework that changes how people experience the neighborhood day to day and creates long-term value for residents and the city.”
Why Anna, and Why Now
Anna has transformed from a small farming town into one of the more active growth corridors in Collin County. As of July 2024, Anna’s population stood at 31,986, up 14.6% year-over-year. The city ranked fifth among U.S. cities for population growth from 2023 to 2024, and its population is projected to reach 100,000 by 2050.
The semiconductor corridor strengthens the case. Semiconductor plants by Texas Instruments and GlobalWafers are planned in nearby Sherman, which is expected to drive job growth and residential demand throughout northern Collin County and into Grayson County.
The city has also worked to reduce friction from the development process, streamlining permitting from weeks to days to keep pace with incoming projects. For developers, that kind of municipal responsiveness is a meaningful advantage over other growth cities where entitlement timelines run long.
Anna City Manager Ryan Henderson captured the alignment between city and developer: “Sherley Farms reflects Anna’s vision for growth that enhances our quality of life. It is a forward-thinking development designed for today and tomorrow.”
What This Anna Texas Master-Planned Community Signals for the Land Market
Sherley Farms is not the only Anna Texas master-planned community currently in motion. Liberty Hills, a separate development, is bringing 1,800 homes to northern Collin County with Grand Homes, Perry Homes, Shaddock Homes, and William Ryan Homes as phase-one builders, with construction scheduled to start fall 2025.
Two large-scale master-planned communities activating in the same city simultaneously signals a land market that has already made its decision. The question is no longer whether Anna develops. The question is at what pace and in which direction.
For land professionals, the implication is direct. Undeveloped or agricultural tracts adjacent to the Sherley Farms footprint and along the Highway 5 corridor are now proximate to a $1.5 billion development anchor. That changes comparables, entitlement conversations, and buyer profiles on every surrounding tract.
The organic farm concept also introduces a differentiator worth tracking. If Sherley Farms achieves the community identity that Windsong Ranch built in Prosper, secondary land values around the project will reflect it.
Key Project Metrics
| Detail | Data |
|---|---|
| Developer | Tellus Group (Prosper, TX) |
| Location | East of Highway 5, near downtown Anna, Collin County |
| Acreage | 970+ acres |
| Total Investment | $1.5 billion |
| Homes Planned | ~3,000 |
| Phase 1 Builders | Bloomfield Homes, DRB Homes, Drees Custom Homes, Highland Homes, Homebound, Olivia Clarke Homes, Perry Homes |
| Lot Sizes | 45–70 ft (Phase 1); estate lots in future phases |
| Central Amenity | 65-acre working organic farm (northern side of community) |
| Open Space | 150+ acres |
| Lot Delivery | Late 2026 |
| Model Homes Open | Spring 2027 |
| Groundbreaking | March 25, 2026 |
The Broader North Texas Pattern
Sherley Farms is one piece of a larger regional shift. While new master-planned communities push Collin County’s growth frontier north toward Anna and Celina, established corridors closer to Dallas are converting underperforming assets into mixed-use density.
In West Plano, Centennial has confirmed it will begin demolishing a portion of The Shops at Willow Bend within the next 12 months. The 94-acre site at the Dallas North Tollway and West Park Boulevard is being converted into The Bend, a mixed-use district planned for 965 residences, 800,000 square feet of retail and entertainment space, an 18-story hotel, and a seven-story office tower. The project adds housing inventory at one of the Metroplex’s most supply-constrained intersections while Dallas Stars arena discussions remain an open variable.
The logic driving both projects is the same: the DFW metro needs more housing, and land availability is the constraint. At the northern edge, developers like Tellus are acquiring raw agricultural acreage. At the established core, developers like Centennial are recycling large-format retail into mixed-use programs. Both strategies are responses to the same supply pressure.
What Land Professionals Should Track
Several indicators are worth monitoring over the next 18 to 24 months:
Infrastructure delivery. Mass grading is complete. How quickly the city delivers on roadway and utility commitments will shape absorption rates for the first phase and signal timing for subsequent releases.
Builder absorption velocity. Perry Homes and Drees Custom Homes are proven at this price point in North Texas. Bloomfield and Homebound bring different buyer profiles. The mix targets a range of household incomes. Watch whether the first phase sells through at pace or accumulates inventory.
Adjacent land activity. Watch for agricultural exemption conversions, tract sales, and entitlement applications along the Highway 5 corridor north and south of the Sherley Farms boundary. That activity typically precedes the next development wave by 12 to 18 months.
Phase escalation. Windsong Ranch accelerated phase releases as absorption proved strong. If Sherley Farms replicates that pattern, expect Tellus to move quickly on subsequent phases and for competing developers to accelerate nearby projects.
The Anna Texas master-planned community market is no longer speculative. The ground is broken, the builders are named, and the capital is committed. For land professionals working Collin County’s northern corridor, the relevant question now is what comes adjacent, and when.
Tracking land activity along the Highway 5 and Highway 75 corridor in Collin County? Contact North 40 Land Group for current market data on tracts, comps, and development-adjacent opportunities in Anna and the surrounding area.
Frequently Asked Questions
What is Sherley Farms in Anna, Texas?
Sherley Farms is a $1.5 billion master-planned community in Anna, Collin County, developed by Prosper-based Tellus Group. Spanning more than 970 acres east of Highway 5, the community will include approximately 3,000 homes, a 65-acre working organic farm, more than 150 acres of open space, and trail systems connecting residents to downtown Anna and Geer Park. It is marketed as the first wellness-focused master-planned community in North Texas centered around an active working farm.
Who are the builders in Sherley Farms Phase 1?
The seven first-phase homebuilders are Bloomfield Homes, DRB Homes, Drees Custom Homes, Highland Homes, Homebound, Olivia Clarke Homes, and Perry Homes. First-phase lots will range from 45 to 70 feet wide. Estate lots are planned for future phases.
When will homes be available at Sherley Farms?
Lots are projected for delivery in late 2026. First model homes are expected to open in spring 2027.
Lots are projected for delivery in late 2026. First model homes are expected to open in spring 2027.
Tellus Group, a Prosper-based real estate investment firm, is the master developer. The firm previously developed the $3 billion Windsong Ranch in Prosper and is also developing Mosaic in Celina, Mirabella in Prosper, and Meraki in Forney. Tellus purchased the Sherley Farms land in partnership with Caravel Ventures, Sumitomo Forestry, and Schaffer Michael LLC.
Why is Anna, Texas attracting large-scale development?
Anna ranked fifth among U.S. cities for population growth from 2023 to 2024, with a population of 31,986 as of July 2024 and a projected 100,000 by 2050. The city’s proximity to planned semiconductor facilities by Texas Instruments and GlobalWafers in Sherman, combined with streamlined permitting and infrastructure investment, has made it a priority target for master-planned development in northern Collin County.
How does Sherley Farms differ from other North Texas master-planned communities?
Most large-scale communities in North Texas anchor their identity around a lagoon, golf course, or major recreation amenity. Sherley Farms centers its design on a 65-acre working organic farm that produces fresh food for residents, hosts community events, and serves as an agricultural gathering place. The development also integrates trail connectivity to downtown Anna and Geer Park, positioning wellness and walkability as the primary lifestyle differentiators.
What is the address or location of Sherley Farms?
Sherley Farms is located east of Highway 5 (also known as S. Powell Pkwy), near downtown Anna, Texas in Collin County. The site is approximately five minutes from U.S. Highway 75. More information is available at sherleyfarmsliving.com.
References
- Tellus Group. “Sherley Farms Groundbreaking Press Release.” North Texas e-News, March 25, 2026. https://www.ntxe-news.com/artman/publish/article_145141.shtml
- Egan, John. “Once-Sleepy North Texas Town Lands $1.5B Development Built Around Farm.” CultureMap Dallas, March 27, 2026. https://dallas.culturemap.com/news/real-estate/sherley-farms-anna-tx/
- Sherley Farms official website. Tellus Group. https://sherleyfarmsliving.com
- Tellus Group official website. https://tellusgroupllc.com/community/sherley-farms/
- “A 3,000-Home Development Is Planned for This $1.5B Piece of Land in North Texas.” WFAA, January 2025. https://www.wfaa.com/article/news/local/anna-texas-homes-real-estate-development-sherley-farms-dallas/287-1c244b0a-b65b-4f64-83d5-fead77701b7f
- “This Week’s Dallas-Fort Worth Deal Sheet: Tellus Group Buys Land for $1.5B Anna Development.” Bisnow, January 13, 2025. https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-tellus-group-buys-land-for-15b-sherley-farms-development-127524
- “Master Planned Community Sherley Farms Will Bring 3,000 Homes to Collin County’s Anna.” CandysDirt.com, February 5, 2025. https://candysdirt.com/2025/02/05/master-planned-community-sherley-farms-will-bring-3000-homes-to-collin-countys-anna/
- “$1.5 Billion Community Breaks Ground in Anna.” Local Profile, March 25, 2026. https://www.localprofile.com/real-estate/15-billion-community-breaks-ground-in-anna-12054692
- “Anna’s New 1,800-Home Community Set to Transform Northern Collin County.” Local Profile, February 13, 2025. https://www.localprofile.com/real-estate/anna-home-community-northern-collin-county-10230577
