The subject 150+/- acres is located in Houston northeast corridor in the Kingwood/New Caney submarket. Located on West Lake Houston Parkway which was expanded in 2016 spurred by the addition of Royal Brook Village, by Friendswood Development. Royal Brook Village encompasses approximately 1,107+/- home sites with prices ranging from $250’s- $700’s. The subject property is one of the last remaining infill residential development sites in the submarket that is currently served by utilities and part of Montgomery County MUD 24. There has been extensive entitlements done by the owner saving the buyer valuable months of the development cycle. Many of the entitlements are listed here in the memorandum. In addition, West Lake Houston Pkwy is projected to connect to the Grand Parkway less than 2 miles north of this subject property in the future providing additional mobility to the site. The proposed land plan shows 450+/- proposed homesites ranging from 40-50ft lot sizes.
