There are a number of similar "developments" in the area. North of El Paso is Timberon, NM. It was a single ranch that was subdivided into 9000 parcels in the early '70s to try to create a resort community. Most of the roads were built (not paved), but there are around 200 homes among all the parcels, and if you watch Otero County's unpaid taxes auction every year it is almost all Timberon properties, even though an undeveloped property is usually about $15 a year in taxes (I own an acre up there.)
Also east of Deming, NM (about an hour from El Paso) is a fairly large "town" called Akela with Only a few houses and a fairly large grid of streets, most of which were never built.