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New Upscale Western-Style Resort Planned in Denton

DFW: A new mixed-use development with a Western flair and multimillion-dollar homes is being planned near Denton. Ki Land Development LLC of Sarasota, Florida, is working on its financing to develop a 740-acre site in north Denton into a distinct Western-style resort community with views of North Texas’ rolling prairies. Wildhaven Reserve will have 150 single-family lots with minimum one-acre tracts and home prices ranging from $1.5 million to $3 million. Plans also call for 500 multifamily units, a 100-plus-bed hotel that would include cabins, two restaurants, a spa and retail spaces. It also will feature equestrian arenas and horse trails, a fishing pond and sports courts. More than 300 acres would be set aside for open spaces. The project’s value at completion is expected to be as high as $450 million. The developer hopes to begin building the hotel, spa and other amenity structures in the next two years. The company wants to replicate its Western lifestyle development with themed projects in other states, including a ski development in Colorado and a golf development in North Carolina. 

U.S.: A highly debated and much-anticipated housing law has taken effect, but its impact will be less than immediate. The 21st Century ROAD to Housing Act became law earlier this month without presidential signature. It aims to increase the supply and affordability of housing by reducing regulatory barriers, capping properties at 350 for large institutional investors, expanding financing for manufactured homes and improving access to mortgages for lower-priced homes, among other measures. Economists believe measurable reduction in housing costs will take time and industry experts say the focus will be on cities and states and how they will reduce barriers and improve the permitting process to decrease overall costs and encourage more construction of apartments, townhomes and other more affordable housing units.

U.S.: Pending home sales across the country dropped 5.4% in June, compared to May. The National Association of Realtors reports that more inventory, higher home prices and continued high mortgage rates are among the factors contributing to the drop of home sales at the beginning of the summer. For the year, the pending home sales were down 0.3% compared to last June. The May-June drop in pending home sales were seen throughout the country, led by an 8.9% decrease in the Midwest. However, when compared year-to-year, the Northeast and Midwest recorded modest gains. Among the 50 largest metros, Virginia Beach-Chesapeake-Norfolk, saw a 15.4% increase in pending home sales from June 2025 to last month. Sacramento was not far behind at 15.2%, followed by Kansas City at 14.4%. 

DFW:  An 800-acre community is taking shape in Burleson, about 20 miles south of Fort Worth. Chisholm Summit could eventually have 2,500 homes, about 100 acres of parks and more than 10 miles of trails. Infrastructure work is continuing and home construction could begin in the early part of next year. Home sizes will range from 1,500 to more than 3,500 square feet, with prices beginning in the upper $300,000 range. The new community is expected to capitalize on the predicted population growth in the area. Another $1 billion project nearby called Tallgrass will have about 4,000 homes. Local officials say cities along the Chisholm Trail Parkway from Fort Worth to Cleburne are expected to add about 100,000 people over the next two decades. 

LALALAND: Actor Dennis Quaid wants out of his trap in California. The seasoned actor of “The Parent Trap” fame has put his Brentwood Hills home on the market for $5.2 million, saying that the Golden State has become anything but in the past few years. He bought the two-story contemporary home in 2017 for $3.9 million. He completely renovated the 4,100-square-foot, five-bedroom, five-bath home that now features an open floor plan with lots of windows and glass. The 72-year-old Houston-born actor has permanently moved to Nashville with his 33-year-old wife, Lara Savoie, his fourth. Quaid is among the numerous celebrities and tech titans who in recent months have sold their California properties and have moved to other states because of what they say is California’s high cost of living, lack of services or proposed new taxes on the wealthy. 

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