The pace of development is beginning to pick up in Coventry Development's Springwoods Village, the 1,500-acre development just south of the ExxonMobil campus in Spring.
In May, CHI St. Luke's announced the purchase of 23 acres in Springwoods Village with plans to construct a medical center that could be completed in late 2015.
At the corner of Holzwarth Road and the Grand Parkway Segment F-2—also set for completion at the end of 2015—the $110 million medical campus will house a 55,000-square-foot ambulatory medical center and a 100,000-square-foot medical office building with space for more than 30 physicians, according to a news release.
"Springwoods Village exemplifies sustainable, healthy living—a goal we share—promoting work-life balance, prevention and community health," said Debra Sukin, president of CHI St. Luke's The Woodlands Hospital and Lakeside Hospital.
In addition to the $110 million initial investment, CHI St. Luke's will also invest as much as $70 million in the next five years for future developments, such as a master plan for future hospital and campus expansions to accommodate future growth within Springwoods Village.
ExxonMobil employees are already relocating to the 386-acre campus, with the facility expected to be completed in 2015.
"There will be a lot of activity in that area in the next 12-18 months," Coventry Executive Vice President Keith Simon said. "That's a big priority for us to get that going and get those amenities for the people who live and work there."
Construction is also nearing completion in the first phase of Southwestern Energy's campus, a 10-story, 580,000-square-foot campus, that could be completed by the end of the year, Simon said.
Another 10-acre site south of Southwestern Energy was sold to a company last fall, Simon said, with an announcement expected in the near future.
The first phase of residential developers are already selling homes and leasing apartments, Simon said.
Leasing Manager Jason Cohen said five apartments have already been pre-leased at the Belvedere Apartments, a 342-unit apartment complex on Mossy Oaks Road.
Cohen said the developer, Martin Fein, has received interest from ExxonMobil and Southwestern Energy employees as well as residents of the area who are looking to relocate to the development.
"It's not just people relocating from Fairfax, [Virginia] with Exxon[Mobil]," Cohen said. "It's people from the area who are interested as well, which shows you that word is getting around. It's exciting to see the local response."
Homebuilder Taylor Morrison opened its model home in January in Audobon Grove, a 51-unit single-family home development, while Sullivan Brothers held a May opening for its model home in Harper Woods, an 88-unit development with single-family homes and townhomes.
The second phase of residential development may also begin next year as Coventry is already having preliminary discussions with homebuilders, Simon said.
Meanwhile, two nearby Harris County road projects should help improve traffic flow once they are completed, Simon said.
The widening of Spring Stuebner Road from two to four lanes from Kuykendahl Road to I-45 should improve east-to-west mobility just south of the development. Construction has also begun on the extension of Holzwarth Road from Spring Stuebner to Hwy. 2920.
"That'll be a very good north-south connection which we can tie into," Simon said.
