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    Hotel News

    New hotel and conference center capitalizes on its DFW lakeside locale

    Jennifer Chininis
    May 5, 2015 | 2:14 pm

    Flower Mound is about to get a showpiece hotel, overlooking Grapevine Lake, just minutes from DFW Airport. Called the Pearl on the Peninsula, the contemporary 12-floor hotel and conference center will capitalize on its lakeside locale.

    It will be the centerpiece of the lake’s southern 25-acre peninsula, which is part of the 150-acre mixed-used development called Lakeside DFW (where a new Moviehouse & Eatery is going in). The hotel will have 220 rooms and luxury suites, including “sky villas” on the top level.

    The Pearl’s perch 140 feet above the water will provide views of sunrises and sunsets; renderings show that public spaces are oriented toward those water vistas.

    The hotel also will have plenty of meeting space (hence the “conference center” in its title), including a 10,000-square-foot ballroom. Also expect an infinity pool and two places to dine: a European market and a full-service signature restaurant and bar. Another bar will serve the sunbathers on the pool deck.

    Just this week, the Flower Mound Town Council approved a measure that will assist New Era Hotels & Resorts and Sunset Legacy LP in the hotel’s development. Flower Mound resident Scott Tarwater, a partner in New Era, is leading the charge; his family used to own the land, which they sold to Sunset’s Stewart family in 1984. So both parties have an attachment to the place.

    “Over 30 years ago, my father, Peter P. Stewart, envisioned an international hotel overlooking the lake to complement the new DFW International Airport,” said Alan Stewart of Sunset Legacy in a release. “Our family is thrilled that he will see this dream come true right before his 95th birthday.”

    “It is an honor to bring another wonderful hotel to the Flower Mound, particularly on the land that my parents, grandparents and I grew up on,” Tarwater said. “The opportunity to bring a truly unique, luxury hotel concept that honors our community’s heritage, along with creating a premier international destination for guests and locals to experience, is very significant to me.”

    DePalma Hotels & Resorts will manage the property. The rest of the project team includes Merriman Associates/Architects, TBG (landscape design), Duncan, Miller, Ullmann Design (interior design), Gateway Planning (master planning) and Kimley-Horn (engineering). Balfour Beatty is acting as design builder.

    New Era Hotels & Resorts’ first project is the Courtyard by Marriott in the River Walk at Central Park master-planned development in Flower Mound, which is slated to break ground this September. The Pearl on the Peninsula is its second. Groundbreaking should begin in July 2016 with a projected opening date in the fourth quarter of 2017.

    The Pearl on the Peninsula is coming to Flower Mound in 2017.

    Pearl on the Peninsula in Flower Mound
    Rendering courtesy of Balfour Beatty
    The Pearl on the Peninsula is coming to Flower Mound in 2017.
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    news/real-estate

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    Moving north

    $1.5 billion development with working farm takes root in booming Anna

    John Egan
    Mar 27, 2026 | 10:30 am
    Anna, Texas
    Facebook/Anna
    Anna is a fast-growing city north of Dallas.

    The fast-growing Dallas-Fort Worth suburb of Anna, once a small farming community, is poised for even more population growth with the addition of a $1.5 billion master-planned community.

    Real estate investment firm Tellus Group broke ground Wednesday, March 25, on the more than 970-acre project, called Sherley Farms. Tellus is marketing the development, located in Collin County, as a wellness-focused, master-planned community with about 3,000 homes and an actively managed organic farm.

    First-phase homebuilders are Bloomfield Homes, DRB Homes, Drees Custom Homes, Highland Homes, Homebound, Olivia Clarke Homes, and Perry Homes. The initial model homes will be finished in the spring of 2027.

    The Sherley Farms site is five minutes from U.S. Highway 75 and near downtown Anna, which ranked fifth among U.S. cities for population growth from 2023 to 2024. As of July 1, 2024, Anna’s population stood at 31,986, up 14.6 percent from the same date in 2024 and up 183 percent from 2016. Anna’s population is projected to hit 100,000 by 2050.

    One standout aspect of the project will be a 65-acre organic farm that supplies fresh produce. Tellus says the “working” farm will serve as an “agricultural anchor and gathering place.”

    “Sherley Farms reflects our belief that the future of community development is rooted in wellness, connection, and a deep respect for the land,” says Craig Martin, founding partner and CEO of Tellus Group.

    Sherley Farms Facebook/Sherley Farms

    Anna started as a farming community in 1883. But in recent years, it has transformed into a rapidly growing suburb with more than 7,700 households as of 2024.

    Aside from homes, the first phase of Sherley Farms will include an amenity center with a resort-style pool and a portion of the planned green space.

    “Sherley Farms is a meaningful investment in Anna’s future, expanding our tax base, attracting new residents, and driving long-term economic growth,” says Kevin Toten, Anna’s mayor pro tem. “This project will generate new economic activity, support local businesses, and strengthen Anna’s position as a destination for high-quality development in North Texas.”

    In addition to Sherley Farms, Tellus is developing the Mosaic master-planned community in Celina, the Mirabella gated community in Prosper, and the Meraki master-planned community in Forney. Tellus was the principal developer of the $3 billion Windsong Ranch master-planned community in Prosper.

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    news/real-estate
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