Dallas-based mostly Hillwood Communities has acquired 540 acres in League Metropolis for the growth of its third learn-prepared community in the Houston spot.
The community is planned for 1,250 solitary-spouse and children loads, in accordance to Hillwood, and will offer you properties from $400,000 to $700,000. The local community has not yet been named and builders have not been picked.
Hillwood, a Perot Business, entered the Houston current market with Pomona, a 1,000-acre neighborhood that opened off Texas 288 in Manvel in 2015. In October, the business obtained 440 acres for a 2nd group in Manvel, termed Valencia, in close proximity to Texas 288 and Texas 6. The 3 communities merged will have a full of 4,500 a lot.
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“This acquisition is yet another action in our strategies to enable accommodate the ongoing Houston-place development,” Fred Balda, president, Hillwood Communities, mentioned in an announcement. “And we are dedicated to delivering thoughtfully prepared, excellent communities that Houston citizens ought to have.”
The residence, recognised as the Stedman West Tract, is in western League Metropolis, south of the city of Friendswood. The land is southwest of League Metropolis Parkway and Maple Leaf Travel.
The land was obtained from the Stedman and Wesley West family members, longtime residence entrepreneurs fascinated in partnering with a developer to optimize the value of their land, in accordance to Hillwood.
The group emphasis on very long-expression sustainability for the residents and surrounding communities, in accordance to the developer.
