Dallas

Anna’s $1.5 Billion Sherley Farms Taps Homebuilding Heavy Hitters

AI Assisted Icon
Published on March 26, 2026
Anna’s $1.5 Billion Sherley Farms Taps Homebuilding Heavy HittersSource: Google Street View

Tellus Group has officially named the homebuilders that will kick off the first phase of Sherley Farms, the $1.5 billion master-planned neighborhood taking shape east of State Highway 5 in Anna. The opening phase is set to bring roughly 418 lots to market, with the full buildout expected to reach about 3,000 homes. Plans for the community are centered on a 65-acre working organic farm, miles of trails and wellness-focused amenities designed to tie the new neighborhood into downtown Anna rather than wall it off from the city.

As reported by Dallas Business Journal, Tellus selected the builder lineup that will take the 418-lot opening phase forward. The Tellus Group project page lays out the 970-acre site, the $1.5 billion scope and the farm-and-wellness programming that is set to anchor the community.

Phase one and design standards

Tellus says the first phase will be governed by strict architectural standards and a curated roster of builders offering a range of home styles. The developer and Sherley Partners are leaning hard into what they describe as an “agritainment” concept, with events and programming built around the working farm to draw in both residents and visitors from downtown, as reported by CandysDirt.

Why Anna keeps growing

Anna has been one of North Texas’ fastest-growing cities, and local officials say large projects like Sherley Farms are intended to expand housing supply while keeping meaningful open space close to the downtown core. That momentum, along with the city’s active permitting program, has helped draw major master-planned developers to the area, according to the Anna Economic Development newsletter.

What’s next

With builders now in place, the near-term work shifts to infrastructure, permitting and lot development before any vertical construction can begin. Tellus and its builder partners are expected to roll out phase-by-phase timelines as they secure approvals. Dallas Business Journal notes that lining up builders marks a key milestone in moving Sherley Farms from the planning stage into active construction.

Dallas-Real Estate & Development