The Groves

Trees. Natural beauty. Great Amenities. Sought after schools. There isn’t much more that can be asked of in a neighborhood and The Groves checks all of these off the list plus more. Located off of West Lake Houston with convenient access to both Beltway 8 and 59, as well as sitting a short 25 minutes from the George Bush International Airport, The Groves is quickly becoming one of the most sought after and awarded developments in the Greater Houston area. At the recent Greater Houston Builders Association (GHBA)’s 2016 Houston’s Best PRISM Awards, The Groves was awarded more awards than any other community in Houston, including The Developer of the Year Award. Crescent Communities, LLC, developed the community to be an oasis for homeowners filled with luxury set amidst the beauty of nature. Currently, The Groves offers homes from eight different builders with prices starting in the high 200s. Current builders include: David Weekly Homes, Village Builders, Perry Homes, Westin Homes, Darling Homes, Highland Homes, Trendmaker Homes and Taylor Morrison. All homes in the community are zoned to the highly desired Humble ISD, with two new schools to be located in The Groves within the next two years. A new elementary school will open in Fall 2017 with the middle school anticipated to open its doors in Fall 2018. Part of the lure of The Groves is its amenities and convenient location. Currently the community houses an incredible nature playground which incorporates wood recycled from trees cut down during community development. The playground, which is located at the community center, sits near the community’s splash pad, as well as the...

Preliminary Report of Flood Damage

On June 9, the Harris County Office of Emergency Management released its preliminary report for the flood damage that occurred as a result of several storm systems that passed through the Houston area in late May. The damage was fairly widespread, with eleven Harris county municipalities suffering damages, though the city of Houston itself was the hardest hit. According to the report, a total of at least 2,516 residences and 73 businesses were affected by the flooding, and at least 2 Houston homes were completely destroyed. 2,195 of those residences and 53 of those businesses were in Houston proper while the rest were in the surrounding cities of Bellaire, Pasadena, West University Place, Bunker Hill Village, Galena Park, Hillshire Village, Hedwig Village, Piney Point Village, Spring Valley Village, and Hunters Creek Village. (See the full report here.) As a result, Houston-area insurance companies are scrambling to keep up with the flood damage claims. Economists at BBVA Compass estimate the economic impact of the damages could be anywhere from $200-$550 million, which is less than the impact of Hurricane Ike in 2008 (about $154 billion in today’s dollars) and Tropical Storm Allison in 2001 (about $6.7 billion in today’s dollars), but it is still a significant amount. And the economists noted also that this does not take into account the as-yet-unknown cost to repair the Southwest Wastewater Plant. A report is not yet available for Montgomery County because they are still gathering data, but damage has been reported there as well, especially in areas near the San Jacinto River and the Lewis Creek Dam. On June 8, Liberty County extended its Commissioner’s...

Economic Activity in the Lake Houston Area

The Lake Houston area has been buzzing with activity over the past several years. There have been many new development projects in the area which have had a positive effect on the economy. Lake Houston Area Economic Development Partnership released an Overview of Recent Economic Activities for December 2014 and they are encouraging the sharing of this information. They break down the development in that area into seven major categories. We list those areas below with examples of projects for each one. Mixed Use Development: S.PA – Generation Park is currently constructing a 52-acre corporate lifestyle center unlike any other place in the world. Intercontinental Commerce Park – A 190 acre mixed-use project by Skymark Development Company. Kingwood Parc – Mixed-use development at HWY 59 N and Kingwood Dr. Including 600,000-square-foot development designed to include shops, apartments, restaurants and an office tower, all in a pedestrian-friendly, modern environment. Generation Park – Second largest privately owned tract of land in the Greater Houston Area. Medical Development: Visionary Health I – A 14k SF single-story medical office/retail building on Highway 59 in Humble, just south of Kingwood Medical Center. Kelsey-Seybold Summer Creek Clinic – Recently broke ground on a new $10.8 million multi-specialty medical clinic at 8233 N. Sam Houston Parkway East. Memorial Hermann Convenient Care Center – The first of its kind for the Memorial Hermann Hospital System, the new Convenient Care Center located at 14201 East Sam Houston Pkwy Beltway 8 near Summer Creek High School will deliver a new model of care for patients. Humble Pediatrics – An 8,000-square-foot building occupied by an affiliate of Texas Children’s Hospital,...