PEARLAND – (Realty News Report) – Massey Oaks, a 356-acre master-planned community, is now under development in Pearland at the intersection of Harkey Road and McKeever Road.
Located just south of Houston, Massey Oaks will include approximately 950 home sites when fully built out.
The community’s name honors the mature live oaks and other hardwoods found on the historic Massey Ranch—trees planted by the Massey family decades ago, according to the developer.
The design and recreational amenities of Massey Oaks will reflect the property’s ranching heritage. Tree-lined streets will frame modern, urban-style homes in a peaceful suburban environment. Detached single-family homes will start in the high $300,000s, and all properties are zoned to Alvin ISD. Residents will enjoy an amenities center and a lakefront open-air pavilion.
Massey Oaks is part of a broader surge of residential development around Houston. Demand for housing in the area remains very strong, and land developers and homebuilders have struggled to produce lots and homes quickly enough. Many builders maintain long waiting lists, and some have intentionally moderated sales because delivery timelines can be lengthy and material costs volatile.
The first phase of Massey Oaks will include 372 single-family lots. The site sits about 4 miles east of State Highway 288 and roughly 3 miles west of SH 35.
Trez Capital provided a $44 million loan to support the project.
“We’re pleased to provide the financing for Massey Oaks, a modern new master-planned destination that will attract families and young professionals because of its natural setting, mature trees, extensive amenities and proximity to Houston,” said John Sullivan, vice president of Trez Capital. “Houston and the surrounding communities are expanding rapidly, and this is one of the last parcels of this size in the area that can be developed. Massey Oaks Development is taking careful steps to preserve the character of the land and honor its history as part of the Massey Ranch, founded by the Massey family of Pearland.”
“We have been working for nearly three years to turn the vision of Massey Oaks into reality, preserving the Massey family legacy and protecting the trees that define this property while revitalizing the area,” said Ron Cobb, manager of Massey Oaks Development. “The city of Pearland has been cooperative throughout this process, and we look forward to completing this new community, which will deliver a sense of small-town charm while providing residents convenient access to employment centers in Houston and the surrounding region.”
Massey Oaks Development, LP is an affiliate of Commercial Partners of Nevada, LLC, a real estate development company based in Reno, Nevada.
Paul Grohman, president of Pearland-based Gromax Development, is also part of the development team.
Headquartered in Houston, CBA Land Capital partners with residential developers and homebuilders primarily in south-central Texas to design capital solutions that support land acquisition and lot development.
Aug 9, 2021 Realty News Report. Copyright 2021.
Photo: Courtesy Trez Capital
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File: 950 Homes Coming to New Pearland Development 2021
File: (2) Massey Oaks. 950 Homes Coming to New Pearland Development. Trez Capital. Commercial Partners of Nevada. Paul Grohman of Gromax Development. CBA Land Capital.