Meritage Homes to Develop New Spring Brook Village Community in Houston

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The Meritage Houston Division has received approval to move forward on a spectacular 116 acre infill property, formally known as Pinecrest Golf Course.

Located just a few minutes from Memorial City Mall, Spring Brook Village will provide over 800 residents with beautiful walking trails, lakes, amenity centers, a gorgeous infinity pool and a special water feature, along with trails and open space for homeowners to enjoy.  Meritage is working with the best land planners and consultants to create a community that provides a unique sense of arrival and lifestyle not currently available in Houston, TX. Meritage was selected as the purchaser of the tract after a bid and interview process. The Seller agreed to structure this transaction as an "option" whereby only the land purchased is recorded on the balance sheet of Meritage.  The Seller agreed to allow the creation of a Municipal Utility District ("MUD") that will provide a cost advantage over the competition.  This is truly an exceptional opportunity.  The ability to control 100 acres in the Spring Branch area will provide Meritage the ability to create a special community. We anticipate lots will be ready in the 3rd quarter of 2018 and home closing starting in Dec 2018.  The Houston team is exceedingly eager to get this project off the ground as it will be one of a kind in the area!