Hall Cemetary road
Howe, TX 75459
Land For Sale · 147.00 AC

The property sits directly of and adjacent to, the recently announced 1,500 Cottonwood development acquired and being developed by Centurian American. This development alone is slated to bring utilities to the area with approximately 4000 single family lots, 1,450 rental units & 250,000 square feet of commercial & retail space. Construction is set begin in the 4th quarter of 2023 for utilities and access infrastructure & the Q1 of 2024 for the development6 of interior roads & essential utilities to home sites. Directly adjacent to the Cottonwood Development, our tract is set up to reap the benefits of value increase that will likely come from the ever-increasing demand for housing & land due to its proximity to the city of Sherman, Texas --collectively known as "The High-Tech Hub of North Texas". Sherman, a city currently home to approximately 45,000 people, is set to become a major US manufacturing hub of semiconductors. The city has secured commitments of more than $35 billion in investment & the promise of thousands of jobs. Both Texas Instruments and Globitech are constructing manufacturing plants approximately 3-5 miles to the north of our tract. TI's Sherman campus is expected to be the biggest electronics production facility in Texas & among the largest manufacturing facilities in the country. About 4000 new jobs are set to be created with the TI expansion. In addition to Globitech & Texas Instruments' new manufacturing hubs, Finsiair, a major producer of iPhone components for Apple, is expanding their existing site with a 3+ billion-dollar investment that is slated to create a minimum of 700 new jobs. Their plant is situated just south of Texas Instruments Campus. The attraction of the property is increased due to the fact that just east, approximately 50,000+ vehicles pass daily through the area on Interstate US 75 according to the Texas Department of Transportation.