Houston Chronicle staffer Katherine Feser reports that Newmark Homes will build homes in Shadow Ridge, a new 22-acre enclave adjacent to Shadow Creek Ranch along FM 518 in Pearland. The Houston-based builder will offer homes starting from $250,000.
A group of former TOUSA executives on Monday announced it has agreed to acquire a majority of the assets of the Newmark Homes Brand in Houston from the bankrupt company. Terms were not disclosed. The group, led by by Newmark Homes co-founder Lonnie Fedrick and former TOUSA Houston President Mike Moody, has formed Newmark Homes Houston and plans to begin operations Monday with Fedrick as chairman, Moody as president and CEO and Jeff Dye as vp/operations.