News & Trends

Homebuyers line up — some overnight — for new Clear Lake community

It looked like a scene straight out of a new iPhone unveiling.

More than 100 prospective homebuyers lined up — some overnight — to purchase a new home at The Reserve at Clear Lake City.

The new 372-acre luxury community — located southeast of Sam Houston Parkway and Interstate 45 near Ellington Field — is the first new home development in the southeast Houston suburb in nearly two decades.

Trendmaker Homes and Village Builders are planning to build 740 homes ranging in price from $300,000 to $1 million. Both Houston homebuilders launched pre-sale events this month, attracting hundreds of people to an area hotel meeting room.

“We had people wait in line overnight to be able to pick their lot,” Will Holder, Trendmaker’s president, said in an email to the Houston Business Journal. “I’ve been building in Houston for 35 years and never seen such strong interest.”

The Trendmaker community will feature single-family homes on 55-, 70- and 80-foot lots, a gated patio home neighborhood and a shopping center anchored by an H-E-B Grocery store, shops and restaurants.

Neighborhood amenities include miles of hiking and biking trails as well as a recreation center with a swimming pool, splash pad, tennis courts and playgrounds. Residents will be zoned to Clear Lake Independent School District.

Plans for the new community have been in the works since 2013, when Trendmaker Development, a member of the TRI Pointe Group (NYSE: TPH), purchased the land for an undisclosed price. Trendmaker plans to begin construction on the first homes next month with the first model expected to open in late spring. Trendmaker Homes is the seventh largest Houston-area homebuilder with $252.5 million in local revenue and 603 local housing starts, according to HBJ research.

As oil prices slipped to six-year lows,single-family residential developers have been looking at developing lots on the east side of Houston, where there have been significant investments in refineries, industrial parks and the Houston shipping port and channel. Recently, Houston-based CastleRock Communities purchased 106 acres in Baytown for a new residential community, also the first of its kind in several years.

Read the fully story on the Houston Business Journal website.


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