The Woodlands Update
The focus of a recent presentation by The Woodlands Operating Company was on the Town Center area. Here are brief overview of topics discussed.
Cambridge Development is building a Town Center Apartment Complex on Grogan’s Mill that will cater to upscale lifestyle.
Town Center Park is underway between the library and the Pavillion.
The property north and east of the Marriott parking garage will be developed as retail and restaurants. There are several multi-story office building planned with retail at ground level.
A major park complex with a “waterfall” wall overlooking the waterway is in final stages of approval.
East Shore
As you know, the Brownstones are under construction with only 10 of 39 units unsold!
Between the Brownstones and Woodlands Parkway, Village is building townhomes starting at $450,000.
Now that the resident eagle has moved it’s nest back to the yet-undeveloped central portion of the East Shore, you might have noticed construction activity along Woodlands Parkway across from the dragon. According to the latest East Shore map, this area is known as southern coast!
This area will consist of condos ranging from $300,000 to $500,000. The units backing to Woodlands Parkway are being built by Coventry. The units closer to the lake are being built by a builder from inside the Loop.
Currently, the East Shore sections north of Eastshore Drive will be higher density construction…townhomes, condos, and patio homes.
New Production Builders
David Powers
Trendmaker
Chesmar
Montgomery County Completion (north of Spring Creek)
The Woodlands Operating is advising that production homebuilding will be complete sometime in 2007. Custom homebuilding will be complete sometime in 2008 – 2009.
We should begin to see home appreciation rates begin to improve after these completion dates. Speaking of appreciation, we have all of the data complied for our appreciation tables; should be complete and on web site first week in February.
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