Multi-phase development will include housing, retail, park and office, marking a new chapter in Bonham’s growth; 73-acre Phase One construction expected to begin in late 2026
Bonham, Texas -- The Bonham Economic Development Corporation (BEDCO) today shared key details for Powder Creek Ranch, the city’s first master-planned community. The 400-acre mixed-use development, located near the intersection of Sam Rayburn Highway (State Highway 121) and State Highway 56 in southwest Bonham, will feature a dynamic mix of residential, commercial and recreational offerings to accommodate the city’s projected population growth while preserving its heritage and quality of life, which includes a thriving historic downtown district and access to amenities at nearby Lake Bonham, Bois d’Arc Lake and Lake Ralph Hall (coming 2026).
Sanchez and Associates, the Texas-based firm leading the project, brings extensive experience in urban planning, civil engineering, landscape architecture and the vision for Powder Creek Ranch to Bonham and Fannin County.
“Powder Creek Ranch represents a significant milestone in Bonham’s long-term planning and growth,” said BEDCO Executive Director William Myers. “We’re seeing increased attention from developers and employers looking for accessible land and a skilled workforce. Bonham offers both – plus the infrastructure and leadership to support sustainable development while preserving the qualities that make Bonham special.”
Powder Creek Ranch will be developed across seven phases through 2035, ultimately including approximately 3,000 new homes, featuring a mix of single-family residences, townhomes, build-to-rent units and multifamily options.
Phase One, encompassing 73 acres, is currently in civil design, with groundbreaking anticipated in late 2026. This initial phase will include 205 multifamily units and a blend of single-family and build-to-rent homes, supported by modern infrastructure. Future phases will introduce retail, restaurant and office space, along with public parks, trail systems and open spaces that enhance community walkability and long-term property value.
Homes are expected to be priced between $250,000 to $450,000, offering attainable housing for professionals, families and retirees seeking proximity to North Texas employment centers and nature.
Powder Creek Ranch sits 40 minutes from McKinney and 30 minutes from both Sherman and Paris, connecting residents seeking affordable housing to regional job hubs. With 16,000 vehicles traveling through Bonham daily on Sam Rayburn Highway (Hwy 121) and 13,000 on State Highway 56, the area continues to experience steady growth and increased accessibility.
“Bonham is uniquely positioned within the North Texas growth corridor, and Powder Creek Ranch’s natural features have been a major influence on our vision for this community,” said CEO of Sanchez and Associates J. Martin Sanchez. “We’re excited to lead this project and to work alongside our partners in Bonham to create a thoughtfully designed neighborhood reflecting the character of Bonham and supporting the lifestyle of future residents.”
Constructed on land that was once part of a 1960s-era ranch owned by longtime Bonham resident Joe Kirkpatrick, a World War II veteran and founder of Cisco Boots, Powder Creek Ranch will honor the family’s legacy in the leather industry while establishing a destination neighborhood designed to welcome residents at every stage of life.
In November 2024, the Bonham City Council approved the creation of Powder Creek Ranch Public Improvement District (PID), the city’s first, to finance core infrastructure and support the community’s long-term development.
ABOUT BONHAM ECONOMIC DEVELOPMENT CORPORATION
Located at the intersection of Sam Rayburn Highway (Hwy 121) and U.S. Highway 82, Bonham, Texas, serves as the county seat of Fannin County and is conveniently positioned just 60 miles north of the Dallas-Fort Worth Metroplex and 30 minutes east of Sherman’s growing tech hub. With its historic downtown, affordable neighborhoods, exceptional quality of life and easy access to major regional centers, Bonham attracts families, professionals and businesses seeking growth and connection throughout North and Northeast Texas.
The Bonham Economic Development Corporation (BEDCO) is a Type B EDC established under the Texas Development Corporation Act of 1997, funded by a half-cent, voter-approved sales tax dedicated to growing Bonham’s economy. With a 2025–26 sales tax budget of $1.1 million, BEDCO is investing in vital infrastructure, upgrades at Jones Field Airport, public parks, and strategic commercial and industrial development to create new jobs. BEDCO also supports downtown revitalization through matching grants that help business owners enhance their properties.
For more information, visit www.cityofbonham.org/163/BEDCO.
