Warren Buffett predicted growth and prosperity for The Colony when he invested in Grandscape, a $1.5 billion mixed-use development that’s home to Texas’ only Nebraska Furniture Mart.

Now, homebuyers are getting in on what Buffett saw years ago in the North Texas suburb: affordable proximity to some of the region’s largest employment, access to major thoroughfares and lifestyle centers.

Nebraska Furniture Mart opened in 2015 and more retail, restaurant and entertainment space has followed…