Developers present Reverie Ranch concept; city told project could add roughly $140 million in value

A development team presented a conceptual general plan for Reverie Ranch, revisiting the original annexation and requesting consideration of two additional tracts in Arcola's extraterritorial jurisdiction. The presenters said the overall plan covers approximately 502 acres, includes about 34 acres of lakes and detention, and anticipates neighborhood design similar to nearby Post Oak Point but with narrower lots to target lower prices. The presenter said the project had purchased a 7.5-acre triangle previously planned by TxDOT for dry detention and that collaboration with TxDOT on an intersection at North Pine and 521 had produced a traffic study supporting the plan.