Schuler Development Plans High-End Community in Denison
- Apr 22, 2013
By Amalia Otet, Associate Editor
An important milestone has been achieved in the progress of Preston Harbour, a 3,000-acre mixed-use development planned for Denison, approximately one hour north of the Dallas-Fort Worth metroplex.
In a highly anticipated move that sees Preston Harbour one step closer to fruition, the United States Army Corps of Engineers transferred 600 acres of federally owned lakeside property on Lake Texoma to the city of Denison.
The city and the developer, Schuler Development, inked the deal after more than 12 years of planning, debating and organizing. The affair required close collaboration between county, state and federal officials, including a thorough environmental impact study, which culminated in the approval of the Water Resources Development Act of 2007, authorizing the Secretary of the Army to convey the property to the city of Denison.
“This is one of the most significant events in Denison’s history, and it will shape our future. It has been a complicated process. It literally took an act of Congress to make this project a reality,” said Mayor Jared Johnson in a statement. “Denison has been blessed in the last few years with a new hospital, new school facilities, expanding industries, and now we have this development that will bring hundreds of millions of dollars in new investment and job opportunities for our citizens.”
The massive development is expected to have a major impact on the local economy, resulting in a $1.9 billion investment in the city.
Working directly with a multidisciplinary design team – including planners, architects, designers and coding experts – Schuler Development will now be able to focus on delivering the final vision for Preston Harbour.
To be located along nine miles of the Lake Texoma shoreline on the east side of the Little Mineral Arm, the premier project will include several housing developments, a host of waterfront amenities, high-end retail and a golf course, all complemented by dramatic cliffs and panoramic lake views.
Image courtesy of Denison Development Alliance