CROSBY, Texas – (Realty News Report) — Windy Hill Development of Houston is developing a 138-acre community called Indian Springs that will bring 538 new homes to Crosby on the northeast side of Houston,
Trez Capital financed $15.3 million to Windy Hill Development for the completion of 300 homes in the first phase of development. The phase one lots are expected to be delivered in 2023.
“With the shortage of single-family homes and lots in Texas, Trez Capital is pleased to provide the financing for Indian Springs, bringing more homes to this rapidly expanding area of Houston,” said John Sullivan, vice president of origination at Trez Capital. “The improvement and expansion of FM 2100 has opened up the east side of Lake Houston to new development. Indian Springs with its heavily wooded surroundings and accessibility to Lake Houston, creates a family-friendly environment at a price point that welcomes young families.”
The project is in eastern Harris County and is approximatel six miles north of State Highway 90.
Lennar has contracted to purchase all the lots within the community. Houston-based Connor Investment Real Estate provided equity to purchase the land and fund the infrastructure development for the first phase of the project.
“With our family history of real estate and land development in the area dating back nearly 100 years , we are delighted to bring our vision to life alongside our investment partners,” said Rachael Hall, principal of Windy Hill Development.
Indian Springs complements “lake life” with its amenity offerings, inviting residents to immerse themselves in recreational living. Residents will have access to an exclusive amenities center along with ample, beautiful walking trails and three acres of parks. It is zoned for Crosby Independent School District.
Windy Hill Development is led by industry veteran Houston developer Randy Hall whose projects over the past 30 years include Marina del Sol, Bay Colony, Lakewood Village, Wingate Park, Fairgreen, Settlers Village, Galvez Shopping Center, Painted Meadows and Joseph’s Cove. Current projects include Gulf Breeze, Wayside Village, Mesa Vista, Indian Springs, Bayou Bend, Diamond Oaks, Palmetto Creek, Esperanza, Prairie Meadows and The Ridge.
July 20, 2022 Realty News Report Copyright 2022
File: 538 Homes Planned for New Community
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File: Trez Capital 538 Homes Planned for New Community
Image: Courtesy Trez Capital, Windy Hill Development