Charlotte, N.C.-based Crescent ResourcesLLC has plans to break ground on Houston’s next master planned community in December in northeast Houston.
The 993-acre community, located in the Humble area, will be called the Groves.
The company declined to comment further on the development details.
Last October, the Houston Business Journal reported the company acquired the land for a “mixed-use community” with up to 2,259 single-family homes, 540 apartment homes, 50 acres for neighborhood retail and commercial uses and a 40-acre site for a future school.
The property is in the Humble Independent School District. It is 1 mile from Lake Houston, 10 miles east of George Bush Intercontinental Airport and 25 miles northeast of Houston's central business district.
The northeast area has been active with residential activity within the last three quarters.
Canada-based Avison Young’s Houston office brokered the sale of 221 acres of land at the intersection of West Lake Houston Parkway and Mills Branch Drive in September, which will be earmarked for a new expansion within the master planned community of Kingwood.
Houston’s master planned communities are some of the most active in the country, with at least eight ranking on a national list at the mid-mark of 2013.
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