New homes by Highland Homes and K. Hovnanian Homes are now selling at the 440-acre mixed-use, master-planned community that will also have an on-site elementary school
SHERMAN, Texas (Aug. 22, 2024) – The future of Sherman is here, according to Covenant Development and Rockhill Capital & Investments, the developers partnering to deliver Heritage Ranch. The highly anticipated 440-acre mixed-use, master-planned community in Sherman, Texas celebrated its grand opening on August 8, welcoming realtors and guests, including the Sherman Chamber of Commerce, to tour four brand-new model homes by builders Highland Homes and K. Hovnanian Homes. Guests also learned about Heritage Ranch’s on-site elementary school slated to open for the 2025-2026 school year, as well as plans for future retail, restaurants, hospitality, and office space.
New homes at Heritage Ranch by Highland Homes and K. Hovnanian Homes are now selling and move-ins are anticipated this fall. Residences by Highland Homes range from 1,491 to 2,402 square feet with up to 4 beds and 3 baths. K. Hovnanian is building 15 floor plans ranging from 1,524 to 3,164 square feet. The new homes are situated among scattered parks and trails throughout Heritage Ranch, which aims to keep natural elements at the forefront of the all-in-one community.
“We have a strong vision for Sherman, which includes providing residents with a variety of home styles and access to an exciting live-work-play district in proximity to new job opportunities in town,” said Ryan Johnson, president of Covenant Development. “Thank you to the Sherman Chamber of Commerce and local realtors for celebrating this vision with us and supporting Heritage Ranch during this momentous grand opening occasion.”
With a desirable location near “Silicon Prairie,” Heritage Ranch sits at the crossroads of FM 1417 and U.S. Highway 82, less than a mile west of U.S. Highway 75. The city is dubbed the “high-tech hub of North Texas,” thanks to the presence and projected job growth of companies like Texas Instruments and GlobiTech.
“We are excited to expand our footprint in Sherman, and to be a part of Heritage Ranch and all that it will offer residents. We’re already seeing a very positive response from home buyers and are thrilled to welcome more families to our beautiful neighborhood,” said Amy Jones, Senior Vice President of Sales, Highland Homes.
At completion, Heritage Ranch will have 750 single-family homes on 40’ x 120’, 50’ x 120’ and 60’ x 120’ lots. Heritage Ranch is the first master-planned community in Sherman with an on-site elementary school planned. The school’s official groundbreaking was held in July.
“Heritage Ranch has so much to offer, from the on-site school to new homes that intentionally range in size and price to accommodate the needs of various buyers,” said Kim Tullos, VP of Marketing for K.Hovnanian. “We are excited to offer 15 different floor plans that are elegant and offer in-demand amenities like private home offices, in this community.”
To stay informed about Heritage Ranch, please visit www.heritageranchtx.com.
About Covenant Development:
Covenant Development has master-planned, developed and re-developed more than $500 million of retail, entertainment, medical, multifamily, and single-family residential communities throughout Texas. Based in Sherman, Texas, the company works in tandem with civic and city leaders and economic development teams where they develop to identify and forecast needs for communities. To learn more, visit www.covdevelopment.com.
About Rockhill Capital & Investments:
Rockhill Capital & Investments is a respected commercial and residential turnkey developer in North Texas, offering deep expertise in land development and construction management. Over the last decade, the company has had a hand in the tremendous growth and development of the North Texas region, and built a reputation for the careful planning, thought and attention it takes to execute land development and construction projects well, and help build thriving communities. For more information, visit www.rockhillinvestments.com.
About Highland Homes:
Founded in 1985, Highland Homes is an employee-owned company that builds nearly 4,000 homes across Texas each year and is among the largest and most trusted single-family new home builders in the country. A commitment to excellence has earned the company many industry awards, including consistent high rankings by J.D. Power and Associates, ten People’s Choice Builder of the Year and multiple Home of the Year awards, as well as the Dallas Morning
News People’s Choice winner for Best Builder and Best Luxury Builder. Highland was ranked sixth among the Best Small and Medium Workplaces in Texas by Fortune Magazine in 2022 and ranked first in Fortune Best Workplaces in Construction™ 2022 (Small and Medium). For more information, visit highlandhomes.com.
About Hovnanian Enterprises, Inc.
Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade name K. Hovnanian Homes. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s® Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities. Additional information on Hovnanian Enterprises, Inc. can be accessed through the “Investor Relations” section of the Company website at https://www.khov.com. To be added to Hovnanian’s investor e-mail list, please send an e-mail to mailto:IR@khov.com or sign up at https://www.khov.com
