Houston-based Johnson Development Corp. and Tricon Capital Group Inc. have purchased the municipal utility district Trinity Falls, the newest and largest master-planned development in Collin County.

Trinity Falls was formerly owned by Castle Hills Partners. The 1,700-acre community will offer approximately 4,000 new homes along with retail and commercial space upon build out. Since its grand opening in 2014, the community has sold close to 700 homesites to a collection of regional and national homebuilders and has about 300 completed new homes.

“Trinity Falls is an established master-planned community with a proven track record in a dynamic, fast-growing market,” said Larry D. Johnson, president and chief executive officer of The Johnson Development Corp in a news release. “This was a unique opportunity to acquire one of the region’s premier large-scale master planned communities.”

Pool Trinity Falls amenities include a swimming pool and covered common area.[/caption]

Trinity Falls offers new, single-family homes starting in the mid $200,000 by Ashton Woods Homes, Beazer Homes, Emerald Homes, Gehan Homes, Highland Homes, Meritage Homes and Plantation Homes.

The amenity-rich community offers a resort-style clubhouse, beach entry pool, kids splash area, neighborhood parks and playscapes while a community Lifestyle Director plans a variety of resident-only events. Situated along the banks of the Trinity River, Trinity Falls also boasts more than three miles of river frontage and over 450 acres of open space.

Trinity Falls families attend schools in the highly acclaimed McKinney Independent School District. Land also has been reserved in Trinity Falls for up to four on-site elementary schools, all part of McKinney ISD.  Each campus will include an adjoining park.

For more information, visit www.TrinityFalls.com.