Cope Equities has completed site work for its upcoming 53-acre mixed-use development in Sherman, Texas. The project, named Jamestown Square, is located directly across from the Texas Instruments semiconductor plant, which recently announced a $30 billion expansion. Cope Equities acquired the land in 2022.
Valued at approximately $250 million, Jamestown Square will feature a dynamic mix of residential and commercial components. Plans call for the development of 21 acres of single-family homes, 12 acres of apartments, 6 acres of townhomes, and 15 acres of commercial space.
Construction has commenced on a 174-unit apartment complex, which is slated for completion within the next 18 months. In addition, Cope Equities has received a letter of intent from a hotel developer and is in negotiations with retailers including gas stations, coffee shops, and fast-food establishments for leasing opportunities along the project’s U.S. 75 frontage.
