Hillwood Communities Breaks Ground on $700M Houston-Area Development
By Amalia Otet, Associate Editor
Hillwood Communities, in a joint venture with McGuyer Homebuilders Inc., has broken ground on Pomona, a $700 million master-planned residential development in the heart of the rapidly growing Highway 288 corridor.
To be built on 1,000 acres near the intersection of SH288 and County Road 101 in Manvel, the high-quality community will feature approximately 2,100 single-family homes. The location offers convenient access to retail and major employment areas, including the Pearland Town Center, the Houston Medical District, Houston Hobby Airport, Downtown Houston, the Galleria and Greenway Plaza.
Pomona is structured around the Mustang Bayou, a river that will anchor the community and create a laid-back, coastal environment for residents.
“We’re thrilled to break ground on what will be Hillwood Communities’ first Houston-area development,” said Fred Balda, president of Hillwood Communities, in a written statement. “We’ve made every effort to carry out our initial vision for Pomona by offering modern conveniences in a relaxed setting that preserves the bayou and surrounding coastal features.”
The first phase of the development will consist of 300 homes, with well-appointed properties offered by Houston homebuilders such as Highland Homes, Coventry Homes, Plantation Homes, David Weekly Homes and Trendmaker Homes.
Prices for the residences at Pomona will range from $250,000 to $450,000, according to Your Houston News.
“The city of Manvel is proud to welcome Hillwood Communities and Pomona to our community. We are very excited about Hillwood’s involvement and our commitment to making Manvel, ‘the Woodlands of the South,’” said Mayor Delores Martin of Manvel. “Hillwood Communities has been a joy to work with, and we look forward to bringing five-star-rated homes to our community.”
Hillwood plans to leave more than 300 acres of the property open in the form of wetlands and protective waters, and also make improvements to the bayou by planting native grasses and trees. Community amenities include a fishing pier, resort-style swimming pools, pocket parks, large neighborhood playgrounds, as well as schools and an extensive hike-and-bike trail system linking different parts of the community.
Photo credit: Hillwood CommunitiesTags: Architecture/Design, Brokers, Developers, Development, Finance/Investment, Financiers, Hillwood Communities, Houston, Houston Lead Story, Investors, Local, Manvel, master-planned community, McGuyer Homebuilders Inc., National, operations, Pomona, Regional, Residential, single-family