Mesa, Arizona-based developer Macavity Co. has acquired a $300 million master-planned community expected to bring more than 2,800 single-family homes, a new elementary school and the Princeton City Hall to the North Texas town a few miles east of McKinney.

The 860-acre master-planned community, called Whitewing Trails, sits near Monte Carlo Boulevard and FM 75 and is the largest planned community to get underway so far in Princeton.

Read more at Dallas Business Journal.