For those familiar with northwest Houston, it’s been no secret that land sales along the Highway 290 corridor have been through the roof in recent years, and Woodlands-based Bold Fox Development just strengthened its foothold in the area, according to a press release.
The developer, which was formed in 2019, has partnered with HistoryMaker Homes, Chesmar Homes and Empire Communities to acquire on 470 acres of land in Waller, Tex. The team plans to turn the land into an agrarian-inspired residential community of approximately 1,200 homes. Pricing information has not yet been released.
“This community will provide much-needed attainably-priced housing in the city,” said Alex Kamkar, managing shareholder of Bold Fox Development. “We want the community to have a pastoral ambiance in homage to the wonderful prairie land this region is known for.”
Kamkar added that future residents will be able to enjoy the quaint rural setting the City of Waller offers.
The tract of land, located along Highway 290, FM 362, and Owens Road, was purchased from the Wood family. The proximity to Hwy 290 provides an easy commute to The Woodlands and the energy corridor.
Alex Makris and Jeff Pittman with NAI Partners handled the transaction for the seller. Duane Heckmann and Kirk Laguarta represented the buyers. Michael Zarola and Cooper Glass with Land Advisors Capital provided capital advisory services.
Bold Fox Development is also developing the 45-acre master-planned community of Venetian Pines in Conroe. The community includes 40-foot lots, and homes are expected to be priced from the $190,000s to the $260,000s. Home sales are expected to begin in June.
Last fall, the company closed on a 20.8-acre tract in Tomball. The community will have 31 55-foot homesites and 34 60-foot homesites.