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Hundreds of New Homes Planned for Area off Grand Parkway in NE Houston


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Valley Ranch

Signorelli Co. is moving forward on a new neighborhood in Valley Ranch, a 1,400 acre master-planned community just north of Kingwood.  The Woodlands based real estate company plans to begin lot development next month on The Azalea District, a new 130 acre neighborhood on the southeast corner of Valley Ranch, located off of U.S. 59 North and the proposed Grand Parkway extension in Porter.  The Azalea District will feature 440 homes amid lush azaleas and dogwoods, lakes and trails

Signorelli Co. tapped 2 builders for The Azalea District:  the developer’s homebuilding division, Signorelli Homes, and Houston based Legend Homes.  The builders plan to begin home construction by this summer.  The craftsman-style homes will range from 1,400 square feet to 3,750 square feet.  Prices will range between $200,000s and $400,000s.

The Azalea District represents the next major step in Valley Ranch’s residential development, said Danny Signorelli, the company’s founder and principal.  Signorelli began buying land for Valley Ranch back in 2000, when the Grand Parkway was all but a pipe dream, he said.  “Everyone talked about it, but no one believed it would happen,” Signorelli said.

Signorelli made a bet on Valley Ranch after seeing the success that longtime Houston developer Friendswood Development Co. had in Kingwood for the past 2 decades.  “When they ran out of lots, the obvious next play was Valley Ranch,” Signorelli said.

Today, Valley Ranch has 900 homes so far, and is expected to have about 3,000 homes at build-out.  Home builders in Valley Ranch include DR Horton, Legend and Signorelli’s 2 home building companies:  Signorelli Homes and First American Homes.  Home prices range from $180,00s to $400,000.

Residential development is Valley Ranch is expected to accelerate after the Grand Parkway extension project is completed later this year.  Valley Ranch stands to benefit from the major transportation corridor, which will connect Houston’s western suburb of Katy all the way around to Kingwood.  Signorelli said his company is preparing for a flood of new homebuyers looking for affordable homes a short drive from Exxon Mobil Corp.’s new campus and offices in The Woodlands as well as to the George Bush Intercontinental Airport.

“Basically, the Grand Parkway opened up a new market out here,” Signorelli said.  “It opened up new opportunities for us.”

Signorelli Co. is planning more multi-family and townhome projects after it completed Villas at Valley Ranch, a 312-unit Class A apartment complex, in 2010.  The company also is planning several massive retail, office and medical projects as well as common amenities like The Grove, a 135 acre park with 7 lakes; miles of trails; a community recreation center, water park, playgrounds, and a 10,000 seat outdoor amphitheater that is now under design.

The master-planned community is zoned to New Caney Independent School District, which has built 2 schools so far:  Valley Ranch Elementary and New Caney Middle School.  In 2014, the school district opened Texan Drive Stadium in Valley Ranch, a $20 million high school football stadium with 8,500 seats and the largest video screen for a Texas high school.

Article courtesy of Paul Takahashi with Houston Business Journal

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