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Construction on Arbor Ranch's 297 units is now underway, with the first units expected to be available in early 2027.

DENTON, Texas — A new affordable housing development is officially underway in Denton.

The NRP Group and the Denton Housing Authority held a groundbreaking Thursday on Arbor Ranch, a 297-unit community designed to expand access to affordable housing for working families.

The development will offer homes for households earning between 30% and 70% of the Area Median Income, addressing demand for attainable housing as Denton continues to grow.

“As Denton continues to experience rapid growth, ensuring that we have diverse and attainable housing options at a range of income levels is critical to sustaining our economic momentum,” said Sherri McDade, CEO of the Denton Housing Authority.

The NRP Group described Arbor Ranch as the company's most modern “Class-A affordable product to date,” emphasizing its proximity to schools, jobs and major transit corridors.

Located at 2820 Roselawn Drive, just off Interstate 35, the property sits within walking distance of Denia Park, its recreation center, and the newly rebuilt Borman Elementary School. Downtown Denton, the University of North Texas, and Texas Woman’s University are a short drive away.

Spread across 22 acres, Arbor Ranch will feature nine three-story buildings with a mix of one- to four-bedroom apartments. Amenities will include an outdoor pool, playground, barbecue and picnic areas, a children’s activity room and a community lounge. Residents will also have access to on-site services such as after-school programs and community support initiatives.

The NRP Group continues to expand its footprint across North Texas, having developed nearly 7,000 units across more than 30 properties in the DFW metroplex. The company recently opened Thrive on Crawford, another affordable housing community that debuted earlier this year.

Construction on Arbor Ranch is now underway, with the first units expected to be available in early 2027.

Basel, February 25, 2026 – Novartis, a leading global innovative medicines company, today announced plans to establish a new 46,000-square-foot radioligand therapy (RLT) manufacturing site in Denton, Texas. This purpose-built RLT site will be the company’s fifth in the US and first manufacturing facility in Texas, and marks further progress in the company’s $23 billion US investment.

The Denton site is expected to create new Novartis jobs in bioengineering, advanced manufacturing, quality and operations, supporting economic growth in Denton and surrounding communities. Construction is scheduled to begin this year, with the site expected to become fully operational in 2028.

“RLT has the potential to revolutionize cancer care,” said Vas Narasimhan, CEO of Novartis. “The addition of our fifth RLT manufacturing site in the US strengthens our ability to meet growing demand, building the capabilities needed to deliver these next-generation treatments with the speed and precision they require.”

“Texas is a leading biotech hub and home to groundbreaking advancements in medicine,” said Governor Greg Abbott. “This significant investment by Novartis in Denton will establish their first manufacturing facility in Texas for cancer therapies and create good-paying jobs in bioengineering, advanced manufacturing, and more. Working together with innovative global leaders, we will continue to strengthen critical supply chains to help speed next-generation treatments to patients across Texas and the US.”

The Texas site will join a comprehensive Novartis RLT manufacturing network, with existing US sites in New Jersey, Indiana and California and a recently announced site to be constructed in Florida — providing unmatched RLT capacity from coast to coast. The manufacturing network has a longstanding record of enabling >99% of doses to be administered on the planned day. Each dose of RLT is custom-made and time-sensitive, making proximity to patients and treatment centers critical.

Novartis and radioligand therapy (RLT)Novartis is reimagining cancer care with RLT for patients with advanced cancers. By harnessing the power of targeted radiation and applying it to advanced cancers, RLT is designed to deliver treatment directly to target cells anywhere in the body.

Novartis is actively investigating the application of RLTs across cancer types and settings, with one of the deepest and most advanced pipelines in the industry, with trials in prostate cancer, breast, colon, lung, brain, pancreatic and other cancers. Novartis has established global expertise, with specialized supply chain and manufacturing capabilities across its network of RLT production sites around the world.

DisclaimerThis press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as “potential,” “can,” “will,” “plan,” “may,” “could,” “would,” “expect,” “anticipate,” “look forward,” “believe,” “committed,” “investigational,” “pipeline,” “launch,” or similar terms, or by express or implied discussions regarding potential marketing approvals, new indications or labeling for the investigational or approved products described in this press release; or regarding potential future revenues from such products; or regarding discussions of strategy, plans, expectations or intentions, including discussions regarding our continued investment into new US R&D or manufacturing capabilities.. You should not place undue reliance on these statements. Such forward-looking statements are based on our current beliefs and expectations regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. There can be no guarantee that the investigational or approved products described in this press release will be submitted or approved for sale or for any additional indications or labeling in any market, or at any particular time. Nor can there be any guarantee that such products will be commercially successful in the future. Neither can there be any guarantee that the expected benefits from the plans and investments described in this press release will be achieved in the expected timeframe, or at all. In particular, our expectations regarding such products could be affected by, among other things, the uncertainties inherent in research and development, including clinical trial results and additional analysis of existing clinical data; regulatory actions or delays or government regulation generally; global trends toward health care cost containment, including government, payor and general public pricing and reimbursement pressures and requirements for increased pricing transparency; our ability to obtain or maintain proprietary intellectual property protection; the particular prescribing preferences of physicians and patients; general political, economic and business conditions, including the effects of and efforts to mitigate pandemic diseases; safety, quality, data integrity or manufacturing issues; potential or actual data security and data privacy breaches, or disruptions of our information technology systems, and other risks and factors referred to in Novartis AG’s current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

About Novartis Novartis is an innovative medicines company. Every day, we work to reimagine medicine to improve and extend people’s lives so that patients, healthcare professionals and societies are empowered in the face of serious disease. Our medicines reach more than 300 million people worldwide.

Reimagine medicine with us: Visit us at and connect with us on , , and .

According to the Fry Street staple's website, rising costs of food, labor and operations combined with slower sales led to the closure.

DENTON, Texas — Just about anyone who attended the University of North Texas over the past 15 years has eaten at Crooked Crust at least a few times -- some others practically lived off of its pizza.

With its close proximity along Fry Street to the campus and its dorms, many students could easily hop to the pizza shop in between classes for a couple big slices. And, at least in the early 2010s, for only about $6, plus a drink.

But as the years have gone by, the cost of those slices has had to go up. And due to these rising costs, and dropping sales, the pizza shop announced it officially closed its doors on Friday.

"Rising food, labor, and operating costs combined with lower sales volume has made it impossible to continue in a responsible way," Crooked Crust wrote on its website. "We’re choosing to close with dignity rather than compromise quality or our people. We’re deeply grateful to everyone who supported us over the years—guests, vendors, and especially our staff."

This is just the latest in changes along Fry Street, which has seen a number of bars and restaurants shut its doors in recent years. The strip next to UNT has been a popular spot for students to grab a drink or some food on weekends and weeknights.

A GoFundMe has been started by the employees at Crooked Crust who have found themselves out of a job to help them get by as they look for new work. So far, more than $300 has been raised toward its $3,000 goal.

"Our team—made up of college students and young adults—worked hard to keep the doors open, even as we faced challenges behind the scenes," the GoFundMe states. "Unfortunately, the owner was often absent and negligent, leaving us with little support or communication about the future of the restaurant."

Anyone who wishes to donate to the GoFundMe can do so here.