RICHMOND – Johnson Development Corp. has acquired 590 acres southwest of Houston for a master-planned community with 2,500 homes.
The site is near the northwest corner of Williams Way Blvd. and US 59, near the Sweetgrass active-adult community being developed by Del Webb.
Johnson and IHP Capital Partners purchased the property from the Henderson-Wessendorff Foundation of Richardson. Trustmark Bank is providing financing for the transaction.
Development activity should begin by mid-2016 with construction of new homes projected for early 2017.
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