Preston Harbor
Update
01/22/25
Craig International Closes 3,114 Acres for Preston Harbor Development
Denison, TX
Developers of the forthcoming Preston Harbor, a $6 billion mega-development, have secured 3,114 acres at the planned Denison site. The land features 27 internal lakes and 9.5 miles of frontage along Lake Texoma, Northwest of Denison, on the Texas-Oklahoma border.
The deal was stuck by lead developers Craig International in partnership with Waterfall Development, LP, represented by JTA CR Group. Sellers were represented by Steve Cook & Co. and Jim Meara Co.
One of Craig International’s largest projects to date, Preston Harbor, will boost the region’s housing availability and tourism popularity. The property will be anchored by a $110M Margaritaville resort hotel, alongside a luxury marina, over 7,000 residential homes, and a retail and restaurant district. The project will encompass 9.5 miles of shoreline, including several tributaries.
Groundbreaking is slated for late 2024.