A new 1,130-acre community developed by Johnson Development and a company tied to Houston billionaire Jeffery Hildebrand is undergoing a major expansion in Katy, in a long-term bet on the resiliency of Houston’s new home sales market despite the current market slump.
In partnership with Hildebrand’s company, Plow Realty, Johnson Development is adding almost 500 homesites and a 20-acre amenity complex to the master-planned community known as Grange.
Grange already includes about 300 homes with nearly 500 residents. The community is located about 35 miles west of downtown Houston along Morton Road and FM 2855. Eventually, the developers’ plans call for Grange to include 2,400 homes and 43,000 square feet of boutique retail, according to Johnson Development.
By the end of the year, Johnson Development said it expects to deliver hundreds of lots ranging from 45-feet wide to 85-feet wide. Previously the largest lots were 60 feet wide…