Johnson Development and IHP Capital Partners have purchased land for a 1,400-acre development set to be built near the intersection of Hwy. 249 and FM 1486, according to a Nov. 29 news release.

The unnamed development will include up to 3,700 homes, including single-family and townhomes, alongside shopping and dining options. Part of the 1,400 acres will also be dedicated to a new school within Magnolia ISD, according to the news release.

“This new community's location along the Aggie Expressway opens up a new market, providing people who work in and near College Station—and in Montgomery and Grimes counties—an opportunity to purchase a new home within an accessible, vibrant and well-planned community,” said Michael Smith, president and CEO of Johnson Development, in the release.

Builders are expected to receive lots in late 2024, according to the release.