According to the Houston Chronicle, Land Tejas has acquired more than 1,000 acres in Katy, Texas which is about 30 miles due west from downtown Houston. A new master-planned community of 3,000 homes are destined for the site. The combination of nearby schools and job growth fueled the purchase.
The acreage is a few miles north of Interstate 10 and west of the Grand Parkway along Clay and Pitts roads. It is within both Harris and Waller counties. Houston-based Land Tejas, a 23-year-old land developer whose recent projects include Balmoral in Humble and Harmony in Spring, closed on the property at the end of last year. It purchased the site with CBA Land Capital LP.
“This tract offers an excellent location close to major employment centers and it’s also within the Katy Independent School District,” James Henrie, Land Tejas’ chief operating officer, said in a press release Friday. Lots are expected to be delivered to builders next year.
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