Houston area: Bold Fox Starting Community

HOUSTON, – Bold Fox Development, a Houston development firm led by Alex Kamkar, has purchased 215 acres in Brookshire for a new residential community about one mile north of Interstate 10.

“This property has a pastoral beauty that people wanting a country ambiance will appreciate,” said Kamkar, Managing Shareholder of Bold Fox Development.. “The fact that it is so close to Interstate 10 adds to the appeal.”

Kamkar said he expects homesites to go to builders in early 2024.

“With today’s current housing market, there is a real need for more developed land so more people can obtain the American Dream of owning a home,” Kamkar said. “Whether it’s communities of hundreds of acres or even pocket communities like Cherrywood Estates at nearly 21 acres, anything we can make available opens up opportunities for people to move into home ownership and start building generational wealth.”

Kamkar has been a critic of the Build-To-Rent trend where newly construction single-family inventory is sold en masse to investors. Critics say the Build-To-Rent siphons off inventory that could be sold as starter homes.