Johnson Development Corp., a Houston-based developer, has acquired the Bryson subdivision in Leander.
The developer announced this month that it purchased Bryson from Crescent Communities for an undisclosed price. Johnson Development closed on the subdivision Jan. 31.
“Austin is one of the strongest housing markets in the country and north Austin particularly is booming,” said Larry D. Johnson, founder and chief executive officer of Johnson Development, in a press release. “This is an excellent entry in the Austin market. Bryson is in line with our lifestyle-focused approach and is only 16 miles from the new $1 billion campus Apple announced last month.”
Bryson, a 530-acre development that opened in 2015, is located east of Toll 183A in Leander. Bryson is Johnson Development’s first Austin-area master-planned community, according to the press release. Homes in the subdivision range from the $250,000s to the $500,000s.
So far, builders have bought 315 homesites in the subdivision, which is anticipated to have 1,261 single-family homes when fully developed.
Johnson Development began in 1975. The company has 13 communities in the Houston area, two in the Dallas-Fort Worth area and one in Atlanta.
“We’ve grown significantly in the Houston area over the past five years and since entering the Dallas-Fort Worth market in 2015, we’ve seen considerable success, with one of our communities there now among the nation’s top-selling,” Johnson said in the release. “We look forward to a similar success into Central Texas.”