X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Friendswood Development Co. has purchased 1,050 acres south of Houston where it will develop a community called Savannah.The project, which will open in fall 2001, will have about 2,500 homes upon completion in a few years.

The project will be off Highway 288 in Brazoria County, about 20 miles from Downtown Houston. Portions of the land have been designated for the future development of a retail center, a library, a church, an elementary school, two lakes and a number of parks. Initial home prices are projected to range from $120,000 to more than $280,000.

Friendswood, which is owned by Miami-based Lennar Corp., has developed a number of master-planned communities in the Houston area including, Clear Lake City, Kingwood, Fairfield, Copperfield, Autumn Creek, Village Creek and Laurel Creek. Some of those projects are now mature and have run out of land.

The firm also plans to develop a community on 900 acres it owns on Mason Road on the west side of Houston. Friendswood is also seeking to buy additional land for future developments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.