The details
The development, located at the intersection of Hwy. 249 and FM 1486, has commenced construction of thoroughfares and residential neighborhoods as part of the first phase, said Virgil Yoakum, senior vice president and general manager of Kresston, in the release.
The master plan of Kresston will include approximately 3,600 homes and:
- A mixed-use residential lifestyle
- Commercial retail space
- Various amenities yet to be announced
- An on-site Magnolia ISD school
How we got here
The development purchased the 1,400-acre land in November, as previously reported by Community Impact.
The Kresston development is named after Johnson Development's founder, Larry Johnson, who passed away in January 2022, according to previous reporting. He grew up in Kress, a small town in Swisher County.
Quote of note
“We very much want to invoke a small-town ambiance in Kresston, but that doesn’t mean residents will be far from the shopping, entertainment and employment found in more metropolitan areas,” Yoakum said via news release. “The Aggie Expressway will make it easy for residents to drive to The Woodlands, Houston, Tomball and even College Station for those who might work at Texas A&M.”
What’s next?
Lots will be allocated to builders by the end of 2024, with home sales expected to begin in early 2025, according to the release.
