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Shenandoah no reserves on residential development Shenandoah no reserves on residential development https://www.recenter.tamu.edu/news/newstalk-texas/?Item=66192013-08-12T17:59:00Z2013-08-12T00:00:00Z

SHENANDOAH - Construction has begun on the Reserve at Grogan’s Mill, a 44-home development at Grogan’s Mill Rd. and Vision Park Blvd. Additionally, Marion, another 44-home development, is being developed across the street.

Home construction in Marion could begin by the end of 2013 with residents occupying homes in first quarter 2014, said Tom Cox Jr. developer of Marion.

Gracepoint also purchased 12 acres of land along Wellman Rd. for a 55-home gated community, Lily, which also could see homes occupied early in 2014.

“I’ve lived in The Woodlands since the late ’70s and I’ve been in home building for 22 years, and I’ve never seen a market like this where there is next to zero supply of inventory anywhere in the area, coupled with the job growth in The Woodlands area and Shenandoah,” Cox said.

There were 1,059 housing units in Shenandoah as of the 2010 census, of which 971 were occupied. Since 2010:

  • 58 homes were constructed in Parkgate Reserves;
  • as many as 70 homes were constructed in Tuscany Woods; and
  • another 30 homes were completed in the Silverwood subdivision.

Despite the 150 new homes built since 2010, City Administrator Greg Smith expects another 150-plus to be constructed over the next two to three years.

Smith estimates the city could grow to as many as 5,000 people over the next five years, more than doubling the 2,134 counted by the U.S. Census in 2010.

“Shenandoah has always had the benefit of being in a great location, positioned on either side of the I-45 corridor. In addition, our property taxes and water rates are among the lowest in the region,” said Mayor Wes Stephens.

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Housing
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