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Posted Jun 1, 2023, 2:20 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,218
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More from other Brazoria County & Fort Bend County communities - seems there has been an increased number of MPC announcements south and west of the city as of late.
A guess would be that it's possibly as the 288 expansion/HOT lanes have come on line and the Southwest Freeway expansion has moved past Rosenberg toward Wharton now.
Iowa Colony
https://www.bizjournals.com/houston/news/2023/04/13/hines-sandy-point-iowa-colony-community.html?cx_testId=40&cx_testVariant=cx_27&cx_artPos=0#cxrecs_s
Quote:
Hines buys 954 acres to develop 2,100-home master-planned community in Houston area
By Florian Martin – Reporter, Houston Business Journal
Apr 13, 2023 Updated Apr 14, 2023, 11:50am CDT
Hines plans to develop its largest master-planned community in the Houston area since First Colony in Sugar Land.
The Houston-based real estate company, along with Trez Capital and several limited partner investors, earlier this month purchased 954 acres of undeveloped land outside Iowa Colony, in southern Brazoria County. The yet-to-be-named community is slated to have 2,100 single-family homes at build-out.
Derek Graber with Dosch Marshall Real Estate represented Hines, and David Cook and Meredith Cullen with Cushman & Wakefield represented the seller. Flagstar Bank and Rocky Lai & Associates provided financing.
The community will be located along the western side of State Highway 288 just south of Iowa Colony’s current city limits. The property will be annexed into the city in the next several months as part of a development agreement, Iowa Colony City Manager Robert Hemminger said.
Hines plans to offer a variety of lot sizes ranging from 40 to more than 80 feet in width.
While Brazoria County requires lot sizes in new subdivisions to be at least 80 feet wide, municipalities can set their own rules.
“As Houston continues to be a major employment hub in the Southwest, coupled with a supply-constrained market and rapid in-migration, the need for attainable housing remains critical,” Carson Nunnelly, managing director at Hines, said in a statement. “With great schools in a prime location, this project will be vital in providing more homebuying opportunities in Brazoria County.”
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Angleton
https://www.bizjournals.com/houston/...Pos=1#cxrecs_s
Quote:
Ashton Gray Development to build its second master-planned community, first for Angleton
By Florian Martin – Reporter, Houston Business Journal
May 2, 2023
Angleton, the county seat of Brazoria County, is getting its very first master-planned community.
The Angleton City Council at its April 25 meeting approved a developer agreement with Sugar Land-based Ashton Gray Development for Ashland, an 880-acre community off State Highway 288.
Ashton Gray purchased the land in late 2021 from several different sellers, said Shaun Vembutty, president of the company. The plans calls for 2,450 homes at build-out, a site for an elementary and a junior high school in the Angleton Independent School District and about 45 acres of commercial development fronting Highway 288.
About half of the lots will be 50-by-120-foot and the rest will be 55 and 60 feet in width or larger, with houses ranging from about 1,400 to 3,000 square feet. Vembutty said he expects the homes to be priced from the low $300,000s to the $400,000s, and there is a possibility that townhomes will be part of the mix as well.
Bellaire-based Quiddity is the land engineer, and Houston-based Allen Boone Humphries Robinson LLP provided legal services for the development. Ashton Gray is in the process of selecting homebuilders, Vembutty said.
Development will happen in two phases. Phase 1 should begin in the fourth quarter of this year and include about 1,200 lots on the first 500 acres, Vembutty said.
The community will include more than 200 acres of amenity space, including a nature preserve, detention ponds with an 8-mile trail system, a recreation center with a gym, a resort-style pool and a lap pool, and a playground.
According to the developer agreement, the city of Angleton will annex Ashland, which is currently in its extraterritorial jurisdiction, into the city limits once it’s close to full build-out.
The contract also gives Ashton Gray and the city two years to secure an agreement from Brazoria County and the Texas Department of Transportation to develop Highway 288 frontage roads.
If no agreement is reached, Ashton Gray will be able to develop the tracts intended for commercial use as residential instead. If they succeed in getting a frontage road built, the plan is to develop a mixed-use retail district.
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Rosenberg / Beasley
https://www.bizjournals.com/houston/...rosenberg.html
image from an unrelated land sales flyer on loopnet
Quote:
Hines to develop 850-acre master-planned community Brookewater in Rosenberg
By Florian Martin – Reporter, Houston Business Journal
Sep 15, 2022 Updated Sep 16, 2022, 11:41am CDT
Houston-based Hines, mostly known for commercial real estate development, plans to build a more than 850-acre residential community on the outskirts of Rosenberg in Fort Bend County.
At build-out, Brookewater, located off U.S. Highway 59 along the south side of Finney Vallet Road, is expected to have 2,400 single-family homes with lot widths ranging from 40 feet to more than 60 feet. Home prices will likely range from the mid-$300,000s to more than $700,000, Hines said.
Hines is partnering with Vancouver, Canada-based Trez Capital; Southlake, Texas-based Caravel Ventures; and Tokyo-based Sumitomo Forestry for the development, which will include a “resort-style” water feature, parks, lakes, walking trails, nature preserves and playgrounds.
The plan also calls for a school site. The community is zoned to the Lamar Consolidated Independent School District.
Alex Makris, Patrick Keegan and Zach Leger of Houston-based Partners, formerly known as NAI Partners, represented the seller in the land transaction, which closed on Sept. 6.
The developers expect to start construction before the end of the year. Highland Homes, Perry Homes, David Weekley Homes, Gehan Homes, Chesmar Homes and Westin Homes are the selected homebuilders for the first phase of the development, which is expected to deliver in 2024.
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Beasley / Kendleton
https://www.bizjournals.com/houston/...community.html
image c/o Fort Bend Star
Quote:
Starwood, Land Tejas developing 930-acre master-planned community Starbridge in Fort Bend County
By Florian Martin – Reporter, Houston Business Journal
Jun 27, 2022
Starwood Land, an affiliate of Miami-based private equity firm Starwood Capital Group and majority owner of Houston-based Land Tejas, has started developing a new master-planned community in southwest Fort Bend County.
The plan for the 933-acre Starbridge neighborhood, along U.S. Highway 59 south of FM 360, calls for more than 2,000 homes at build-out, with the first phase to be completed early next year.
Land Tejas will handle development activities for Starbridge, which will be zoned to the Lamar Consolidated Independent School District.
The developers have not yet selected homebuilders or price points, according to John Brian, Starwood Land's East Region president.
Land Tejas, founded in 1997, topped the Houston Business Journal’s 2020 Largest Houston-Area Residential Real Estate Developers List, the most recent one available.
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