Centurion American Plans 1,300 Homes at Preston Harbor Lake Texoma

Centurion American Development Group, led by CEO Mehrdad Moayedi, has acquired 550 acres in the massive 3,114-acre Preston Harbor development on Lake Texoma, near the Texas-Oklahoma border, to build nearly 1,300 new homes. This project, in partnership with Craig International headed by David H. Craig, includes 1,184 traditional single-family lots and 115 estate lots with lake or greenbelt views, with construction expected to start in the third quarter of 2025 and lot delivery by the end of 2026. Preston Harbor is a $6 billion mixed-use development featuring over 7,500 homes, a $150 million Margaritaville resort, retail, restaurants, and a marina, aiming to create a luxury lifestyle community that appeals to full-time residents, second-home buyers, and remote workers. The development also plans for schools and public safety facilities, reflecting a long-term vision to boost the quality of life and population growth in Denison by more than 18,000 people. Centurion American has aggressively expanded in North Texas recently, acquiring over 7,000 acres in various projects, making it a major player in the region's residential land market. The collaboration between Centurion and Craig International is seen as a synergy between two leading North Texas developers, poised to redefine the region’s housing and lifestyle offerings.