THE WOODLANDS - Toll Brothers has closed on 600 acres along FM 2978 where it plans to build a new master-planned community a quarter of a mile from the western boundary of The Woodlands.
The community will consist of mainly residential lots and about 15 acres of commercial property. Home building is expected to commence in second quarter 2015.
Jim Jenkins, Toll Brothers’ new vice president of master-planned communities, said that about 40 percent of the homes in this new community will be built by Toll Brothers. The developer will work with other home builders to develop the remaining lots in the community.
“This will not be part of The Woodlands. It will have its own distinct name,” Jenkins said. “This 600-acre community will be able to build on the wonderful reputation of The Woodlands.”
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