Crescent Communities Launches Phase One of Amenity-Rich Master-Planned Community
- Mar 31, 2014
By Amalia Otet, Associate Editor
Determined to capitalize on current demand, Charlotte-based Crescent Communities has become the latest company to kick off development of a new residential community in northeast Houston.
Crescent has selected six builder partners for phase one of the Groves, a 993-acre, master-planned development. Highland Homes, David Weekley Homes, Darling Homes, Taylor Morrison, Trendmaker Homes and Village Builders will offer the first 189 of an estimated 2,200 homes. Home construction is expected to begin mid-summer, with the first homes available this fall.
“The Groves will offer residents tremendous benefits in location, outdoor spaces and home style varieties that suit their lifestyles,” said Jim Zimmermann, vice president of Crescent Communities’ residential group in Houston. “We’re looking forward to working with our builders on this next stage of development.”
Greater Houston is home to several of the nation’s best-selling master-planned communities. Boasting a job-centric economy and growing demographics, the area is expected to experience further growth while fostering increased strength in the housing market.
Located in Houston’s thriving northeast corridor, off of West Lake Houston Parkway and south of Kingwood, the Groves will showcase three home site sizes in its first phase, with homes beginning at 2,000 square feet. Village Builders and David Weekley Homes will build units up to ranging from 2,000 square feet to 3,300 square feet on 55-by-130-foot lots; Highland Homes and Darling Homes will offer homes from 2,400 square feet to 3,700 square feet on lots that are 60-by-130 feet; and Trendmaker Homes and Taylor Morrison will feature 70-by-130 lots with homes starting at 3,000 square feet. Price points for the homes will range from $250,000 to the low $400,000s, according to Crescent.
The signature community will include plenty of recreational amenities, among them wooded trails, a Welcome Lodge with a multipurpose room, a lounge, an outdoor plaza, a fire pit and a play area. Illustrative of Crescent’s efforts to encourage sustainable, active lifestyles among community residents, the Groves will provide access to 100 acres of open space along a creek, as well as another 90 acres of open space, parks and natural reserves. Additionally, the community will feature a stocked fishing pond with a cabin and fishing dock, as well as an amenity center and Village Center slated for future phases.
The Groves is Crescent’s fifth undertaking in Texas. The prolific real estate company is also overseeing development of Rough Hollow on Austin’s Lake Travis; Belterra in Dripping Springs near Austin; Wildridge in Oak Point near Dallas; and a 500-acre, master-planned community in Leander.
Meanwhile, the Johnson Development Corp. plans to launch a new 1,300-acre master-planned community in Fort Bend this summer, its fifth in Fort Bend County and 13th in the greater Houston area.
The as-yet-unnamed development will eventually comprise 2,700 homes, retail and commercial facilities, public and private schools, churches and environmentally focused recreational amenities.
Owned by the General Land Office for the state of Texas, the property is situated at the intersection of the Grand Parkway and West Airport Boulevard, providing immediate access to Houston’s Energy Corridor, Sugar Land and employment centers in Houston via the Westpark Tollway.
Johnson Development says the first lots will be available to builders in the first quarter of 2015.
Rendering of The Groves in Houston via The Groves official Facebook Page