Friday , 6 December 2019
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Toll Brothers Breaks Ground on Northwoods, a 700-acre Project Near New Exxon Mobil Campus

HOUSTON – Toll Brothers, a leading builder of luxury homes, and Texas based Cernus Development will develop Northwoods, a 692-acre master-planned community north of Houston, near the new Exxon Mobil campus.

Northwoods will feature 1,000 single-family homes built by Toll Brothers and other high-end home builders.

Northwoods is located just south of the future Grand Parkway expansion and only 6 miles from the Exxon Mobil campus. The Exxon Mobil campus will have 20 office buildings totaling 3 million square feet when it opens in 2015. Exxon Mobil will employ some 10,000 people on the 385-acre campus, including about 2,000 people from the Mobil remnant in Fairfax, Va.

Home builders, land developers, apartment developer and retail players have been scrambling to find positions in the pending boom.

Toll Brothers, a well funded publicly-traded builder, announced last week it was buying the 3,700-acre Sienna Plantation South, south of Houston for a major development. The cost of the land alone was $78 million.

Toll Brothers’ Northwoods project in North Houston, will showcase resort-style amenities that take advantage of the mature trees and topography. Northwoods will offer residents miles of walking and biking trails, a recreational facility, parks, and lakes.  Homes at Northwoods are anticipated to be priced from $300,000 to over $600,000. Toll Brothers and Cernus Development plan to break ground in February 2014. Northwoods is projected to open to the public in the Fall of 2014.

“We are elated to offer a community to North Houston residents that is located in the heart of a thriving area, but also in a peaceful setting,” said Karl Mistry, Toll Brothers’ Houston Division President. “Northwoods demonstrates our belief that Houston home buyers are looking to live in a master planned community that is conveniently located and meets their evolving needs and lifestyle.”

“We are thrilled to partner with Toll Brothers on this exceptional development opportunity in this dynamic segment of Montgomery County. We believe the growth trends and housing demands will continue to generate momentum in this market, and Northwoods is uniquely positioned to provide the amenities and conveniences which will attract sophisticated homebuyers to the community,” said Joel Scott, President of Cernus.

Northwoods is one of the largest land purchases in the area for Toll Brothers. In the four years since entering the Houston market, Toll Brothers has successfully built homes in some of the most prestigious master planned communities throughout the metro area and is currently open for sale in Coronet Ridge, The Estates at Blairs Way and Wooded Overlook in The Woodlands; Riverstone in Sugar Land; The Heights, The Sanctuary, and Milano Estates at Sienna Plantation and Flamingo Island at Lake Olympia in Missouri City; Barrington in Kingwood; Vintage Lakes in Northwest Houston; Vista Shores at Towne Lake in Cypress; Ironwood Estates and Sycamore Meadow at Cinco Ranch, and The Reserve at Katy in Katy.

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