Land Tejas Buys 300+ Acres in Cypress
Residential developer Land Tejas has acquired a property that will increase the size of its 600-acre Miramesa at Canyon Lakes West community by 320 additional acres.
The long-time Houston developer purchased the land with its investment partner Connor Investment Real Estate from Fry Road Venture, LP. The property is located west of Fry Road and north of West Road adjacent to Miramesa.
“With this expansion of Miramesa, we’re able to continue to offer families an exciting community to call home with great homebuilders, top-rated Cy-Fair schools and inviting amenities,” said James Henrie, Director of Land Acquisition and Development for Land Tejas, who oversaw the transaction. “Miramesa has been a top-selling community not only in Houston, but also in the country, so we’re very excited to expand this highly sought-after community.”
Canyon Lakes West has been ranked among the nation’s 50 top-selling master-planned communities for five consecutive years, with last year’s 315 home sales happening in Miramesa at Canyon Lakes West. The community was ranked No. 46 and No. 47 by Robert Charles Lesser & Co. (RCLCO) and John Burns Real Estate Consulting, respectively.
Homebuilders have not yet been announced for the new section. Land Tejas expects to deliver homesites to builders mid-2019. Residents in this new section of Miramesa will be part of the Stone Gate family of communities and will have access to amenities in Stone Gate, Canyon Lakes West and Miramesa.