Land Parcels for 900 Homes: Developers Buy 8

In Houston, Toll Brothers and Tri Pointe Homes have purchased an assemblage of eight tracts of rural land along Telge Road, just north of the Grand Parkway, for the development of a 919-home community in the Tomball area.

The land, totaling about 445 acres in northern Harris County, was purchased from eight different sellers, Land Advisors Organization reported. The tracts range in size from four to 133 acres.

“This deal, with an eight-parcel assemblage, was a significant undertaking that’s resulting in a big win for the community, which is in desperate need of additional housing,” said Kirk Laguarta, who was part of Land Advisors Organization’s Houston advisory team that worked on the deals along with Duane Heckman and Nate Jackson.

Expected to break ground in late 2026 or early 2027, the community will contain lots ranging from 45 to 80 feet wide. The development plan includes lakes and waterways, a recreation area, and several pocket parks. The site is about 32 miles northwest of downtown Houston.

Land along the Grand Parkway has filled with housing, retail, and industrial developments as Houston’s population has grown. The segment of the parkway north of Highway 290 opened in 2016, making the area more accessible to jobs throughout the Houston area.

A few miles west of the Telge tracts near Mueschke Road, Amira is being developed by Johnson Development on a former Egyptian Arabian horse ranch. The 554-acre community will have more than 1,110 homes by Beazer Homes and Perry Homes at build out.

In To the east, NewQuest is developing the Grand at 249, a 65, acre retail project at the intersection of Highway 249 and the Grand Parkway.

On the south side of the Grand Parkway, near Highway 249, a joint venture of Lovett Industrial and Clarion Partners is developing the 240-acre Interchange 249 business park, which will have 3.1 million SF on completion.

Land Advisors Organization represented six of the sellers in the deals, while the other two were represented by Jeff Lokey, Rick Bice, and Tim Martens. Land Advisors Organization represented the buyers on two of the parcels.

Toll Brothers purchased three parcels totaling 160.5 acres and Tri Pointe purchased five parcels totaling nearly 288 acres, as stated by the brokerage firm.

Drainage challenges made it difficult to sell and develop the parcels individually, as stated by Land Advisors Organization.

“We have been working with several groups of area landowners wanting to sell for about four years and being able to help them find buyers who are experienced in addressing the site’s drainage challenges to bring a vibrant new community to the area was very rewarding,” Heckmann said.

Toll Brothers and Tri Pointe have teamed up on other Houston area communities, including projects in Richmond, Spring, and Fulshear. In Fort Bend County, the homebuilders are developing Evergrove, a 911-acre community is planned for 1,655 homes near FM 723 and Old Pecan Road in the Richmond area.