What we reported According to recent projections from The Howard Hughes Corporation and The Woodlands Development Company, residential build-out is expected by 2022, and only a handful of commercial spaces remain.
Robert Heineman, vice president of planning for The Woodlands Development Company, said while development of homes is winding down, there is still developable land around Hughes Landing, Sterling Ridge and Creekside Park Village.
The latest The Howard Hughes Corporation announced Dec. 13 a Moviehouse & Eatery location will open in The Woodlands—anchoring a new 12-acre retail center, Creekside Park West. Construction at Creekside Park West began in December, with a slated completion of winter 2019. It will also feature new retailers, restaurants with outdoor patios and a gathering courtyard with outdoor seating.
Just south of Creekside Park West, Venetia Grove—a new single-family community—is also slated to begin construction this year. Homebuilder Toll Brothers plans to offer new one- and two-story single-family homes with prices starting from mid-$400,000s. A Toll Brothers model home is expected to open in early 2019, according to The Howard Hughes Corporation.
In Hughes Landing, a new multifamily community, Two Lakes Edge, is also under construction. The 386-unit complex will be complete in spring 2020, according to The Howard Hughes Corporation.