North Texas developer buys land in Montgomery County for first Houston-area community

Oxland Group, a residential developer based in McKinney, Texas, has purchased 1,860 acres in Montgomery County for its first master-planned community in the Houston area.

The community could bring about 4,000 homes to an undeveloped stretch of land northwest of The Woodlands, north of FM 1488 and west of Fish Creek Thoroughfare.

Oxland is funded by New York-based private equity firm Jen Partners LLC. The company closed on the land deal with Los Angeles- and Dallas-based Regent Properties on July 19 and plans to break ground on the community and a roughly 30-mile road connecting Fish Creek Thoroughfare with Superior Road next year.

“This will be Oxland’s flagship community, and we want it to reflect Montgomery County’s heritage and support its future growth,” Oxland co-President Tom Woliver said in a statement.

First-phase lots are slated to be delivered in 2025. The development is still in the planning and design phase, and Woliver expects to be able to reveal more details in about a month. Oxland is working with Austin-based TBG Partners as the land planner; Memphis-based LRK as the architect; and Bellaire-based Quiddity and Richardson, Texas-based Halff as the engineers.

While this is the first Houston-area community for the 4-year-old company, Woliver and co-President Mike Brady have previously worked on developments in the region, he said.

“A lot of development is either going north or going east (or) going well further west,” Woliver told the Houston Business Journal. “So we felt like this is an opportunity to have some challenges in the middle of it with infrastructure, and that’s kind of an ideal situation for us to try to help solve some of those challenges in kind of an A-market such as Montgomery County.”

The developer described the more than 1,800-acre stretch of undeveloped land, which has homes surrounding it, as the “hole in the doughnut.” That hole will now be filled thanks to the planned construction of the thoroughfare, a bridge and other infrastructure. It will connect future residents as well as those currently living in the surrounding area to employment centers such as The Woodlands, Conroe and Magnolia.

The plan is to leave as much of the wooded area intact as possible, Woliver said. It will also include the Grand Lake Estates Golf Course, which is located in the northeastern corner of the land.

Regent spent the 15 years it has owned the land accumulating different tracts and securing necessary permits, entitlements and approvals for the land development with the goal to sell it to a residential developer, said Hannah Soroudi, vice president of build-to-rent and land development at Regent Properties.

“We were introduced to Oxland and Jen probably a year ago and have worked through a mutually beneficial structure moving forward where Oxland/Jen will be taking over leadership of the development of the project,” she said. “We will just be working as a financial partner with them and helping assist with the management of the project on a go-forward basis.”

The Houston Business Journal reported on a 700-acre acquisition by Regent in the area, which included the Grand Lake Estates Golf Course, in 2008.

In Houston, Regent continues to own the Park Towers along West Loop South in Uptown. It also master-planned a 3,825-acre development in Fort Bend County then known as Sienna Plantation South before selling it in 2005..

Oxland’s first master-planned community is the 1,100-acre Painted Tree in McKinney


Related Articles