What’s Coming to Sherman? The City Development Tracker

Sherman is no longer waiting on the boom. SM1 is shipping chips. GlobalWafers has a long-term Micron deal. Coherent broke ground in June. The next question is what lands in town next—jobs, rooftops, classrooms, and the stretch of U.S. 75 that still feels like a work zone.

This is a Sherman-only status board as of early September 2026. The Census Bureau estimated the city at 52,417 as of July 1, 2025, up 20.0% from its 2020 base. (U.S. Census Bureau)

For the countywide map, use our complete development tracker. For how these pieces fit together, read Grayson County Is Changing: The 10 Projects Reshaping Our Future. Our earlier Sherman tech boom piece covers the investment story; this one is what is actually moving on the ground.

Chips: three campuses, different stages

Texas Instruments — SM1 is live; SM2 is a shell. TI announced production at its newest 300-millimeter fab on December 17, 2025, about three and a half years after groundbreaking. The company describes a potential $40 billion investment and up to four connected fabs (SM1 through SM4), with as many as 3,000 company jobs plus thousands of indirect jobs if the full campus is built. As of mid-2025 TI said the exterior shell of SM2 was complete; SM3 and SM4 remain tied to customer demand. Treat later fabs and job totals as company plans, not finished buildings. (TI.com)

GlobalWafers / GlobiTech — Phase 1 open; Micron is the 2026 demand signal. Contemporary reporting put the Sherman silicon wafer plant opening around May 2025 at roughly $3.5–4 billion for Phase 1. In July 2026, local TV reported a $500 million, 10-year deal tied to Micron and the Sherman expansion. GlobalWafers’ Q2 2026 results separately confirmed a long-term Micron agreement and strategic funding support. Company leadership has said Phase 2 still needs customer commitments. Local reporting in July put about 250 people on site—treat that as a snapshot, not a final headcount. (Reuters; KXII; GlobalWafers)

Coherent — June 16, 2026 groundbreaking. Coherent announced a Commerce Department letter of intent for up to $50 million in CHIPS direct funding to expand its indium-phosphide manufacturing in Sherman, plus a groundbreaking the same day. Company claims at full capacity: more than 550 direct jobs and more than 1,000 jobs total, doubling manufacturing space. That LOI is not the same as cash already in the bank. A widely repeated $650 million project cost appears in trade and city marketing; Coherent’s own June release does not state that number—label it secondary if you use it. (Coherent; NVIDIA)

Why it matters: Sherman is becoming a place people move to for work, not only a bedroom stop on the way to Collin County. Shift change on FM 1417 and U.S. 75 will feel that before every building is finished.

Housing: every price point is in play

Heritage Ranch — Covenant Development and Rockhill Capital’s ~440-acre master plan aims for about 750 homes plus retail, office, hospitality, and entertainment. Parker Elementary opened here in 2025. Highland Homes were listed from the high $290,000s and K. Hovnanian around the mid-$340,000s as of mid-2026 reporting. (Candy’s Dirt)

Cottonwood (Dorchester / south of Sherman) — Centurion American’s master plan south of town near U.S. 75 / FM 902 is sized for more than 2,100 homes at build-out, with D.R. Horton, Beazer, Pulte, and M/I among the builders named in 2026 coverage. Status: pipeline and lot prep, not a finished city. (Candy’s Dirt; Dallas Morning News)

Frontera — Inspire Communities opened sales in July 2026 on a 113-acre east-side manufactured-home community with 400-plus homes planned. Buyers purchase the home and lease the homesite; advertised prices started in the high $80,000s to about $140,000. Redfin’s spring median sold price in Sherman was about $285,000 in that same reporting. (Candy’s Dirt)

Joiner Ranch and Sherman Lakes — On July 7, 2026, city council approved two planned developments totaling more than 300 acres: Joiner Ranch (north Sherman, off SH 691 along the Denison border) and Sherman Lakes (south Sherman near Tate Circle and Shepherd Drive). Together the city secured more than 100 acres of open space. Dirt start is still the developer’s call—no public groundbreaking date. (KXII; KTEN)

Wells Avenue infill — Council in February 2026 approved townhomes and patio homes on the old St. Vincent’s / Baltic–St. Charles apartments site under the city’s infill housing program. Early stages; no construction start date. (KXII)

Apartments — Sherman’s June 2026 Multifamily Occupancy Study, as summarized in housing coverage, put roughly 5,100 of about 6,500 multifamily units occupied after more than 2,200 apartments came online in two years. (Candy’s Dirt / City of Sherman)

Schools: bond campuses open; stadium this month

Sherman ISD’s May 2023 $540 million bond funded a wave of campuses without a tax-rate increase, according to the district, citing growth in the tax base. Three elementary buildings opened for 2025–26: Parker (new, northwest / Heritage Ranch) plus replacement Crutchfield and Fairview. Sherman High School added about 33,000 square feet and 20 classrooms in 2025, lifting capacity to roughly 3,213 students. (Sherman ISD)

This month: the multipurpose stadium at Sherman High (about 8,000 seats) is scheduled for its first varsity game Friday, September 18, 2026, vs. The Colony. (Sherman ISD)

Next: the early childhood center on the former Wakefield site is under construction and expected to open to students in fall 2027. A new south Sherman elementary on about 21.6 acres along West Travis Street near Northgate Drive was selected in June 2026 for a fall 2028 opening. After that, the district plans to convert Dillingham toward middle-school use and renovate Piner. (Sherman ISD; KTEN)

Parents: verify the exact address against current attendance zones. Bond campuses and zone maps both moved in 2025–26.

Roads: U.S. 75 through town is still active

TxDOT’s Paris District report dated August 31, 2026, lists active rebuilds through Sherman: SH 91 to U.S. 82 (mainlanes, bridges at Taylor, Lamberth, and over U.S. 82) and U.S. 82 to North Loy Lake Road (four lanes to six, bridges at FM 691, Iron Ore Creek, and Spur 503). Loy Lake frontage closures run into 2027. Local officials have talked about a full-corridor finish around 2031—that is a local estimate, not a TxDOT letting date on the wall. Budget extra time if you commute. (TxDOT / KSST; KTEN)

Also on the board

• Downtown lighting: Council in July 2026 moved more than $800,000 from the 2025–26 CIP to replace about a dozen poles around the courthouse square, targeting the December Christmas parade. (KXII)
• Sherman Municipal Airport (KSWI): Runway replacement closed the field roughly April 29–September 15, 2026, under a TxDOT aviation grant (city share about 10%). Local TV quoted roughly $3.5–3.8 million total—do not invent a single figure. (City of Sherman; KXII; KTEN)
• City utilities: Sherman’s CIP stack still lists the South WWTP expansion (city estimate $288 million) and the 36-inch west water main ($76 million). Several city-posted “2025” completion dates may be stale; treat status as unverified until a 2026 official update. (City of Sherman)

What to watch next

• Whether TI equips SM2 or holds for demand
• GlobalWafers Phase 2 vs. Micron order pace
• Coherent: LOI → funded milestones → hiring
• Dirt dates on Joiner Ranch and Sherman Lakes
• Stadium opening night, then ECC (2027) and south elementary (2028)
• Loy Lake / FM 691 frontage reopenings through 2027

If you’re moving to Sherman

Pick the life you want, then pick the project nearest your street. Plant jobs point you toward the west industrial corridor. Heritage Ranch and Parker Elementary are a different daily rhythm than Cottonwood’s south-of-town build-out, an east-side lease-lot community, or a council-approved PD that still looks like pasture. Ask about ISD zones, commute at shift change, and whether the backyard is still a plat map.

Grayson County Line will keep updating the pieces that break ground. If a city project, school vote, or neighborhood phase goes live that we missed, send the date and the street.