The Woodlands to Expand….Purchased 400-acre tract
The Woodlands Development Company (TWDC), developer of The Woodlands, has purchased a 400-acre tract of land contiguous with the 28,000 acres that now comprise The Woodlands. The acreage is located at FM 2978 just west of neighborhoods now in development in the Village of Sterling Ridge, according to Tim Welbes, president of TWDC. Plans for the neighborhood, which will be called Spindle Tree, include over 900 homesites for single family homes and townhomes, two parks, and hike and bike trails. Children living in Spindle Tree will attend nearby schools that are part of the Magnolia Independent School District. New home prices will start in the $190’s and the first homes should be available for purchase in 2008. “The acquisition of this property will allow us to expand our new home offerings, particularly in the more affordable price range,” Welbes said.
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