PEARLAND – (Realty News Report) – Massey Oaks, a 356-acre master planned community is underway in Pearland, at the intersection of Harkey Road and McKeever Road.
Located south of Houston, Massey Oaks will have approximately 950 home sites upon completion.
Massey Oaks “pays tribute” to the mature live oaks and other hardwood trees on the Massey Ranch, which were planted by the Massey family decades ago, the developer said.
The overall aesthetic and recreational amenities of the community will embrace the ranching heritage of the property. Massey Oaks’ tree-lined streets will offer modern, urban homes in a tranquil suburban setting. The detached homes will start from the high $300s and all homes are zoned for Alvin ISD. Residents will have amenities center with a lakefront open-air pavilion.
The community joins a rapidly growing list of new residential developments in the Houston. Demand for homes is exceptionally strong and land developers and home builders have been unable to produce lots and homes fast enough. Most builders have long waiting lists and some have deliberately slowed sales because delivery times can be excessively long and materials costs have risen at a wild and erratic pace.
Massey Oaks, which will have 372 single-family lots in the first phase, is approximately 4 miles east of State Highway 288 and 3 miles west of SH35.
Trez Capital provided a $44 million loan for the project.
“We’re pleased to provide the financing for Massey Oaks, a modern, new master-planned destination that will attract many families and young professionals due to its natural setting, mature trees, extensive amenities and its location just outside Houston,” said John Sullivan, vice president of Trez Capital. “Houston and the surrounding cities are rapidly expanding and this is one of the last tracts in that area of any size that could be developed. Massey Oaks Development is taking prudent care to capture the character of the land with its storied history as a part of the Massey Ranch, which was founded by the Massey family of Pearland.”
“We have been working on making our vision of Massey Oaks a reality for nearly three years, working hard to maintain the legacy of the Massey family and the preservation of the land and countless trees that define the property while revitalizing the area,” said Ron Cobb, manager of Massey Oaks Development. “The city of Pearland has been great to work with throughout this process, and we look forward to the completion of this new community, which will provide a sense of ‘small-town charm’ while giving buyers easy access to the employment hubs in Houston and its surrounding areas.”
Massey Oaks Development, LP is an affiliate of Commercial Partners of Nevada, LLC, a real estate development company based in Reno, Nev.
Paul Grohman, president, Pearland-based Gromax Development is also part of the development team.
Headquartered in Houston, CBA Land Capital works with residential developers and homebuilders primarily in south-central Texas to assist and provide capital structures, which allows for the acquisition and development of land and lots.
Aug 9, 2021 Realty News Report Copyright 2021
Photo: Courtesy Trez Capital
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File: 950 Homes Coming to New Pearland Development 2021
File: (2) Massey Oaks. 950 Homes Coming to New Pearland Development. Trez Capital. Commercial Partners of Nevada, Paul Grohman of Gromax Development, CBA Land Capital