Howard Hughes buying 2,000 acres near The WoodlandsHoward Hughes buying 2,000 acres near The Woodlandshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=34232014-08-11T14:40:00Z2014-08-11T00:00:00Z

THE WOODLANDS - The developer of The Woodlands is buying 2,000 acres for a sequel to Houston’s largest master-planned community. The site is 13 miles north of The Woodlands on the west side of I-45 near League Line Rd. and Conroe.

Dallas-based Howard Hughes Corp. — the owner of The Woodlands — has already spent $67.3 million to buy 1,343 acres in a deal with the Hendricks brothers that closed in May.

The developer says it is under contract to buy an additional 652 acres next to it, in a transaction expected to close next month, giving Howard Hughes Corp. a 2,000-acre canvas for their next creation.

Hughes is planning to use 1,834 acres for residential and 161 acres for commercial. The company said the land will yield more than 4,600 homesites and the first lots will be finished and sold in 2016.

Realty News Report
Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2014/08/08/the-woodlands-part-2-woodlands-developer-buying-2000-acres-for-community-13-miles-north-of-the-woodlands/Read more at {Source}

 Search NewsTalk Texas