Rooftop report: Need more proof the housing market is on the mend? Builders are planning to soon begin construction of 400 houses in Tuscan Lakes, state Highway 96 and FM 270 in League City.
Johnson Development Corp., which is behind Tuscan Lakes, has cited increased community demand, according to reports. Homes will be priced in the $400,000s. The houses will begin to rise in the third quarter, according to reports.
When built out, Tuscan Lakes, a master-planned community on 870 acres, will include 1,800 single-family homes. About 900 single-family homes are built. The remaining houses are expected to built in the next five to six years. Stay tuned.
Hidden plans: After a slow start, construction crews have been humming along at Hidden Lakes, where about 50 homes are complete, a dozen are underway and many more are planned.
The League City master-planned development ultimately is expected to include about 800 homes on 350 acres and about 100 acres of commercial development along South Shore Boulevard, north of FM 646 and south of state Highway 96 near Clear Lake.
For years, signs of life at the development were rare. In 2007, Will C. Perry, son of Perry Home founder Bob Perry, generated big buzz when he acquired 100 acres from developer Sam Boyd with plans to develop Hidden Lakes.
But the development was a casualty of the economic meltdown that halted hammers across the nation. When the economy went south, United Development Funding, the lender that financed Perry’s acquisition, foreclosed. But CTMGT Hidden Lakes, a subsidiary of Carrolton-based Centurion American Development Group, acquired the 214 finished lots Perry developed. And a builder/developer purchased 125 acres in Hidden Lakes from Boyd.
CTMGT could not immediately be reached for comment. Stay tuned.
Real estate refresher: Hang on to your hard hats because more rooftops will rise as developers and homebuilders remain enamored with the north county and Clear Lake area.
Crews this year are expected to begin work on a 700-home development on 372 acres just north of the intersection of Clear Lake City and El Dorado boulevards. Houston-based Trendmaker Homes caused a stir last year when it announced the development, marking the first major residential project in Clear Lake City proper since the 1990s.
Friendswood Development Corp. began Clear Lake City in the 1960s. At its peak, the development generated new home sales of up to 1,000 a year. The Clear Lake area had mostly been built out, sending residential development south to League City.
Trendmaker last year acquired the 372 acres from Fidelis Realty Partners. It was the last remaining parcel for a large residential development. Changes in some old deed restrictions made the development possible. Initially, the land wasn’t envisioned for single-family development and it took a few years to change the rules, Will Holder, president of Trendmaker Homes, told Biz Buzz last year.
Trendmaker, which has both land development and home construction divisions, will develop 690 lots and likely will build half the number of houses at the development, selling the remaining lots to other builders. Community amenities will include swimming pools, dog parks and walking/jogging trails.
Hot dish: After a temporary closure last week to replace the dining room floor, East End island eatery ShyKatZ Deli & Bakery is open and once again serving up homestyle meals and desserts.
ShyKatZ, 1528 Ave. L, is known for its “Blue Plate Specials,” serving breakfast all day and for featuring Boars Head meats and cheeses. Co-owners Shy Leger and Kat Kearns use old family recipes. ShyKatZ is open from 7 a.m. to 3 p.m. Monday through Saturday for breakfast and lunch.