mrfootball Posted September 22, 2007 Share Posted September 22, 2007 Sept. 19, 2007, 12:48PM'Bright spot' in land dealMaster-planned site northwest of Houston now more than 11,000 acreshttp://www.chron.com/disp/story.mpl/nb/cyf...ws/5146875.htmlBy NANCY SARNOFFCopyright 2007 Houston Chronicle Bridgeland, a master-planned community in Cypress being developed on an expanse of land northwest of Houston, just got bigger.Developer General Growth Properties has purchased an additional 1,234 acres adjoining the original site, bringing the project's total acreage to 11,401. By comparison, Kingwood is more than 14,000 acres, and The Woodlands is 28,000 acres.The purchase comes at a time when tightening credit markets, high foreclosure rates and a collapse of the subprime mortgage industry have put a dent in home sales and forced some builders to scale back."It's a bit of a bright spot that someone wants to buy land in Houston, Texas, when they already have so much of it," said Peter Houghton, vice president of sales for Bridgeland, which is near Fry Road and U.S. 290. "It's just an indication of how strongly they believe in Bridgeland Link to comment Share on other sites More sharing options...
Trae Posted September 22, 2007 Share Posted September 22, 2007 Why the need for the new land, what will be on it, and what is the school district for it? Link to comment Share on other sites More sharing options...
aggie0083 Posted September 22, 2007 Share Posted September 22, 2007 Why the need for the new land, what will be on it, and what is the school district for it?Buy it while they can.More houses.Cy-Fair ISD. Link to comment Share on other sites More sharing options...
h2obuff Posted September 26, 2007 Share Posted September 26, 2007 Buy it while they can.More houses.Cy-Fair ISD.I beleive the purchased land is actually in Waller ISD. Link to comment Share on other sites More sharing options...
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