940 Acres Purchased for Residential Development

In Spring, Texas, Some 940 acres has been purchased for an expansion of the Woodson’s Reserve large-scale planned community on the north side of Houston.

The new development is a joint venture between Toll Brothers and Trendmaker Homes, a TRI Pointe company.

The additional land, which was purchased earlier this month, will create hundreds of new home building sites and acreage for recreation and amenities.

The property, which has Grand Parkway frontage, shares a long border with the existing Woodson’s Reserve.

In 2014, Toll Brothers began developing – in partnership with Cernus Development, the existing Woodson’s Reserve, which covers 692 acres, east of Interstate 45. At that time, the developers anticipated the opening of the nearby Exxon Mobil campus, which was slated to have 10,000 employees working in 3 million sq ft of new office space. With the downturn in energy demand, however, Exxon Mobil reported last week that it is laying off over 700 employees in Houston, draining momentum from the local economy.

Woodson’s Reserve is located in southern Montgomery County. Homes in the new section of Woodson’s Reserve are slated to open for sale in the fall of 2022.

“The new expansion is located just east of the existing Woodson’s Reserve community. New homes will start in the low $300s and will be built by Toll Brothers and Trendmaker Homes,” said David Assid, Toll Brothers Houston Division President. “They’ll feature various home site sizes, rich finishes, modern features, and attractive floor plans—everything today’s buyers want for living, learning, working and entertaining in their homes.”

Home building has been exceptionally strong in Houston and around the nation as home buyers have been eager to take advantage of record low interest rates below 3 percent. With the increased demand and low inventory home prices have been rising.