Trendmaker Homes Building in New Areas to Accommodate Exxon Mobil Growth
Exxon Mobil’s new campus isn’t just driving a torrent of new residential development north of Houston. It’s also changing the types of homes being built in the area.
Take for example, Benders Landing. Since 2000, Spring-based developer LGI Land has been developing this community, which features large homes on wooded and lakefront lots.
Located a few miles off of the Hardy Toll Road, Benders Landing offers 4,500-square-foot homes on 1- to 2-acre lots. For the past 15 years, the 2,800-acre community has attracted residents who want spacious properties, an outdoor lifestyle and low taxes — but still within reach of Houston’s hubbub of activity.
However, as Exxon Mobil Corp. (NYSE: XOM) builds out its new campus in Springwoods Village, just south of The Woodlands, the energy giant is fueling demand for homes for its 10,000 local employees. Homebuilders who stand to benefit from the so-called “Exxon effect” are scooping up land and maximizing space to meet the growing demand.
Benders Landing, just five miles from the new campus, plans to adapt to the residential growth with a new neighborhood featuring slightly smaller homes on smaller lots, averaging about a quarter of an acre.
Trendmaker Homes recently finished two new model homes in The Crossroads at Benders Landing Estates. Houston-based homebuilder — a division of Irvine, California-based TRI Pointe Homes — plans to offer 104 traditional and patio homes on smaller lots.
The one- and two-story traditional single-family homes will range in size from 3,000 to 5,000 square feet and sit on 70- to 80-foot lots. Prices start in the $470,000s.
The one- and two-story patio-style homes will range in size from 2,700 to 3,100 square feet and sit on zero-lot lines homesites. Prices start in the $450,000s.
The homes will feature three to five bedrooms, three- and four-car garages, open floor plans, ample storage space including “backpack racks” for children and high-end appliances. The neighborhood, which will have several gated sections, is scheduled for completion in 2016.