**Cope Equities Advances $250M Mixed-Use Development in Sherman, Texas**
Cope Equities has completed site work on a major mixed-use development in Sherman, Texas. The 53-acre project, named Jamestown Square, is located directly across from the Texas Instruments semiconductor plant, which recently announced a $30 billion expansion. Cope acquired the land in 2022.
The $250 million development will feature a diverse mix of uses, including approximately 21 acres dedicated to single-family homes, 12 acres for apartment buildings, 6 acres of townhomes, and 15 acres of commercial space.
Construction is already underway on a 174-unit apartment complex, with completion expected in approximately 18 months. Additionally, Cope Equities has secured a letter of intent from a hotel developer and is actively engaged in discussions with prospective tenants such as gas stations, coffee shops, fast-food restaurants, and other retailers to occupy spaces along the project’s frontage on U.S. Highway 75.
Jamestown Square is positioned to be a major addition to the rapidly growing Sherman area, benefitting from its proximity to the expanding Texas Instruments facility.
