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Old Posted Mar 15, 2024, 2:46 PM
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Wattleigh Wattleigh is offline
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Join Date: Oct 2007
Location: Houston - Wichita, KS
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https://www.bizjournals.com/houston/...Pos=0#cxrecs_s

Dayton



Quote:
First community on east Grand Parkway could bring up to 7,000 homes


By Florian Martin – Reporter, Houston Business Journal
Mar 15, 2024

Another residential community is coming to Liberty County, and it's likely the first directly along the newest segment of the Grand Parkway northeast of Houston.

League City-based Windy Hill Development, led by husband- and wife team Randy and Rachael Hall, last June purchased 442 acres along state Highway 99 at FM 686 to develop Freedom Trail.

The community as currently planned will have about 1,200 homes. And it could grow much bigger in the future with the potential addition of more land from the Stoesser family.

“They own an additional 2,000 or 3,000 acres that we're in discussion with them on now,” Randy Hall said. “So ultimately, this entire development could grow to 6,000 or 7,000 homes over the course of the development, including multifamily.”

The goal is to break ground in the fourth quarter of this year, deliver the first 220 lots in the third quarter of 2025 and then add another 200 or so lots every 18 months until full buildout.

Lot sizes could range from 40-foot front width to the 70s, Hall said.

“You have good incomes out there… Historically, both husband and wife work,” he said. “So they have the ability and the financial resources (for) a little bit bigger house. And so therefore, we have the opportunity to not just serve the entry-level, but you have the move-up product as well.”

The houses could be priced from the $300,000s for starter homes to the mid-$400,000s for move-up homes.

More than 70 acres are reserved for future commercial development along the Grand Parkway and FM 686, according to the preliminary site plan, with 15 acres for a potential elementary school site. The community is zoned to the Dayton Independent School District.

Amenities will include an existing 80-acre lake that was created as a sandpit to excavate material to build the Grand Parkway.
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