Montgomery County: Gracepoint Homes’ 156 acres to The Forest

MONTGOMERY COUNTY – Gracepoint Homes has purchased a 156-acre tract near I-45 just south of FM 1488 that will be used for residential development, an answer to the growing need for housing in booming Montgomery County.

The initial phase of The Forest, which is slated to begin home sales in early 2015, will include 65-foot homesites for patio homes and 80-foot properties for traditional single-family homes. Pricing in the development is expected to range from the $600,000’s to the millions.

The property is currently used as farm land. It is bordered on two sides by W. G. Jones State Forest, a 1,722-acre forest owned by Texas A&M.

“This is a beautiful property,” said Gracepoint President Tom Cox, Jr. “Having a state forest as a boundary and being zoned to Conroe ISD schools located in The Woodlands are definite benefits.” The Forest also will feature several lakes, parks, trails and open space.

Montgomery County is seeing a surge in commercial development, with 3 million sf of office space under construction in The Woodlands, equating to 10,000 employees, said David Jarvis with Metrostudy.

Cox said he expects The Forest to serve Exxon Mobil employees. “This development is approximately ten miles from the new Exxon Mobil campus, and will be an option for people wanting a new home in the area, especially since The Woodlands is nearing close out.”

Read more at The Paper.