The History of The Colony, Texas
The Colony is younger than a lot of the people living in it. There was no old farm town here that grew into a suburb — a developer bought a big piece of lakeshore in the 1970s, poured streets, built houses, and the people who moved in voted to make it a city. It even took its name from the history it was built on: the Peters Colony that first settled North Texas.
A Developer's Blank Slate (1973–1974)
In 1973, Fox and Jacobs — a big Dallas-based homebuilder — bought some 3,000 acres on the eastern shore of Lewisville Lake to build a housing development from scratch. They chose the name 'The Colony' deliberately, feeling a kinship with the early developers of Texas and wanting to honor the spirit of the Peters Colony, the empresario company that had recruited North Texas's first settlers in the 1840s. In 1974 the first model homes were finished, and the first families moved into their new homes that October.
From Subdivision to City (1977–1990s)
The development grew fast. After a homeowners' association negotiated the land's release from Frisco's extraterritorial jurisdiction, The Colony incorporated as a city in January 1977 — and residents kept the developer's name, which the city council ratified that May. The Colony became a home-rule city in 1979. It's one of the clearest examples in the metro of a modern, planned suburb: no gradual evolution from a farm crossroads, just a lake, a developer, and a wave of new families arriving all at once.
Grandscape and the Modern City (2010s–Today)
The move that put The Colony on the regional map was Grandscape, a huge mixed-use development anchored by an enormous Nebraska Furniture Mart store, which turned a lakeside bedroom community into a shopping and entertainment destination drawing visitors from across the metro. With its Lewisville Lake shoreline and the retail draw of Grandscape, The Colony grew into a full-fledged suburb — proof that a well-placed subdivision can, in a couple of generations, become a real city.
Timeline
1973
Fox and Jacobs buy about 3,000 acres on Lewisville Lake for a new housing development.
1974
Streets are poured and the first families move into The Colony in October.
1977
The Colony incorporates as a city in January, keeping the developer's name.
1979
The Colony becomes a home-rule city.
Notable People
Fox and Jacobs
The Dallas-based homebuilding company that developed the roughly 3,000-acre Lewisville Lake site in the 1970s and named it The Colony after the Peters Colony.
FAQ: History of The Colony
The developer Fox and Jacobs named the 1970s housing development 'The Colony' to honor the Peters Colony, the empresario company that recruited North Texas's first settlers in the 1840s. Residents kept the name when they incorporated in 1977.
The Colony began as a Fox and Jacobs housing development in 1973–74 on the shore of Lewisville Lake, and incorporated as a city in January 1977. It's one of the metro's youngest suburbs.
Grandscape is a large mixed-use development in The Colony, anchored by an enormous Nebraska Furniture Mart, that turned the lakeside suburb into a regional shopping and entertainment destination.
No — unlike most metro suburbs, The Colony didn't grow from an old farming community. It was built from scratch as a planned housing development in the 1970s and incorporated directly into a city.
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