The Woodlands Edition | July 2023

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EXPANDING the HOUSING CORRIDOR

A number of developments from Imperial Oaks to Woodson’s Reserve are building communities east of I-45.

RESIDENTIAL

Key:

IMPERIAL OAKS* WOODSON'S RESERVE MULTIFAMILY

IMPERIAL OAKS Details: • Single-family homes with prices beginning in the $290K’s are under construction in the Meadows at Imperial Oaks neighborhood. • Builders include Ashton Woods , Coventry Homes and David Weekley Homes Amenities: A pool, clubhouse, playground and picnic area Remaining units: 400 Projected population: 1,280

Lake Holcomb provides a natural recreation area.

Remaining units: 1,750 Projected population: 5,600

WOODSON’S RESERVE Details:

• Additional single-family homes are under construction in Woodson’s Reserve starting in the mid-$400K’s from Toll Brothers and Tri Pointe Homes • Home sizes range from 50-80 feet wide . Amenities: 24-hour tness center, dog park, lazy river and tennis courts

* Meadows at Imperial Oaks and Falls at Imperial Oaks

COMMUNITY AMENITIES

MULTIFAMILY Details:

Projected units: 557

• Imperial Oaks Square is the rst phase of a two-phase multifamily development by Sueba USA. The 269-unit rst phase will be followed by an additional 308-unit phase. Amenities: Clubhouse, courtyards, pool, dog parks and lake access

The new Hines Elementary School serves the Woodson’s Reserve area.

SOURCES: HOLCOMB PROPERTIES, TOLL BROTHERS, ASHTON WOODS, COVENTRY HOMES, FIDELIS, CONROE ISDCOMMUNITY IMPACT

The Holcomb Family YMCA is expanding. COURTESY YMCA OF GREATER HOUSTON

is nding its sense of community through centers such as the expanding Holcomb Family YMCA facil- ity, public recreation areas and new retail outlets. Jim Holcomb, president and CEO of Holcomb Properties, said he believes Montgomery County is a desirable location for homebuyers, and the devel- opment of new travel routes has opened up possibil- ities for builders there. “Before the Grand Parkway opened, all of this was very limited access, but now it’s … all opened,” Hol- comb said. “Now you’re going to get all the people coming, and they like to be in Montgomery County.” Woodson’s Reserve expansion The 1,639-acre Woodson’s Reserve community along the Grand Parkway is preparing for a 1,750- home expansion with new model homes from Toll Brothers and Tri Pointe Homes available this spring. A grand opening for potential homebuyers will be held in October, according to Toll Brothers. Haley Garcia, CEO of the Garcia Real Estate Group, which works with properties both east and west of I-45, said the neighborhood has proven attractive for families. “[Woodson’s Reserve] is very family friendly,” Garcia said. “I see a lot of the demographic of our buyers. They love the amenities, the schools; they’ve built so many restaurants and activity places. We see

a big family prole.” According to a demographic study conducted by Population and Survey Analysts for CISD in 2022, the district is preparing for Woodson’s Reserve to bring 1,145 additional single-family houses to market from 2022-27, and another 550 from 2027-32. As of early July, information from Houston Asso- ciation of Realtors showed homes on the market in Woodson’s Reserve priced from $480,000 to $1.1 million, a range Garcia said was comparable to prices of homes in The Woodlands. “That’s an in-demand area,” she said. “It’s aected by the same trends [as The Woodlands] and equally in demand. We sell homes over there all the time, and because of the proximity over there to the Grand Parkway and all the infrastructure they have built, it’s like a city over there.” According to Toll Brothers, the new homes from both builders in the community will include 50-, 60-, 70- and 80-foot-wide sites and prices starting in the $400,000 range. The median home sales price in the 77386 ZIP code from June 2022 to May 2023 was $342,320, according to The Brashear Group in The Woodlands. In addition to the new section of homes in Wood- son’s Reserve, the area continues to see businesses opening, including Summer Moon Coee, which opened in May.

1 HOLCOMB FAMILY YMCA • Early 2022 groundbreaking on $9.7 million aquatics center • Pool with eight lanes and two additional teaching lanes included • Prayer wall and restroom planned • Second phase began May 2023 with estimated completion January 2024 RETAIL DEVELOPMENT 2 Imperial Oaks Shopping Center • Anchored by Kroger • Retail, restaurant, medicalspace • Nacho Padres to open in late 2023; Memorial Hermann to expand space 3 Grand Imperial Marketplace • Anchor spaces, junior anchor spaces available • 5,500-25,000 sq. ft. spaces • Opening date not yet announced

PUBLIC AND PRIVATE SCHOOLS 4 Conroe ISD: Hines Elementary School opening August 2023

5 Kids R Kids opening in Q1 2024 6 Kids In Action opened in June

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