**Cope Equities Launches $250M Mixed-Use Development in Sherman, Texas**
Cope Equities has completed the initial site work for a planned 53-acre mixed-use development in Sherman, Texas. The new 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.
Jamestown Square is a $250 million investment that will include approximately 21 acres dedicated to single-family homes, 12 acres of apartments, 6 acres of townhomes, and 15 acres designated for commercial use.
As part of the development’s first phase, Cope Equities has begun construction on a 174-unit apartment complex, which is projected to be completed within 18 months. The developer also reports receiving a letter of intent from a hotel operator, and is currently in discussions with a variety of businesses — including gas stations, coffee shops, fast-food restaurants, and other retailers — for commercial space along U.S. Highway 75.
The project is positioned to benefit from the significant growth and economic activity spurred by the expansion of Texas Instruments in the area, signaling strong demand for both residential and commercial infrastructure in Sherman.
