**$3 Billion Master-Planned Community Approved in Terrell**
The Terrell City Council has officially approved Terra Nova, a $3 billion master-planned community to be developed by Main Square Development. Situated near FM 245 and Griffith Road, approximately 30 miles east of Dallas, the 1,545-acre development marks a significant expansion in Kaufman County’s residential and commercial landscape.
Terra Nova is set to include 3,600 single-family homes, 1,200 multi-family units, and a 48-acre mixed-use district named Terra Nova Village. The community will feature over 200,000 square feet of retail, restaurant, and office space centered around a vibrant main square.
The project will be developed in 15 phases over an estimated 20-year period, with a projected total buildout value of more than $3 billion.
Main Square Development successfully assembled 11 properties and guided the initiative from concept to full zoning approval in under a year. Infrastructure and site development are slated to begin immediately.
Terrell, home to more than 21,000 residents, is located in rapidly expanding Kaufman County. According to recent U.S. Census data, the county experienced the second-fastest percentage of population growth in the nation between 2023 and 2024.
