“The area has been thriving and is already a major destination for families of all sizes,” said Juanita Orsak, vice president of land development for The Signorelli Co., in the release. “The community’s picturesque, wooded creek running through the property, coupled with the convenience of the future [Hwy. 249 extension], makes this an ideal place to call home.”
Magnolia Springs sits along FM 1486 just north of the Hwy. 249 extension—which opened in late March—and south of Hwy. 105, according to the release.
Magnolia Springs will be zoned to Magnolia ISD and will include more than 490 acres of mixed-use development and 175 acres of open and green space as well as the single-family homes, according to the release.
The first phase of the development includes more than 200 homesites spanning 40- and 50 feet wide, which are due later this year, according to the release. Homebuilders and prices for Phase 1 have not yet been announced.
The Signorelli Co. has also developed Valley Ranch, a 1,400-acre master-planned community in Porter, and announced the development of Caney Mills, a 265-acre community slated in Conroe, on March 15.