News Summary
W Land Development has successfully secured $58 million in financing to launch Phase 1 of the Preservation Creek project in Alvin, Texas. This development aims to build a total of 5,700 homes, with initial plans for 367 acres and over 700 single-family lots. The project will also include community amenities and commercial spaces, addressing the growing housing demand in the Houston area. As construction begins, Preservation Creek represents a significant investment in infrastructure and community landscape.
W Land Development Secures $58M Financing for Phase 1 of Preservation Creek in Alvin, Texas
W Land Development, a Houston-based firm, has successfully secured $58 million in financing from Trez Capital to kick off Phase 1 of the ambitious Preservation Creek project. This master-planned community is set to build a total of 5,700 homes in the city of Alvin, approximately 30 miles south of Downtown Houston.
The funding will primarily be allocated to recapitalize the project and to support the horizontal development required for Phase 1, which entails the construction of essential infrastructure such as utilities, streets, and other necessary amenities. The first phase will encompass 367 acres and will accommodate over 700 single-family lots.
Project Overview and Future Plans
In total, the development site spans more than 3,000 acres, with plans that feature a diverse range of housing options including single-family homes, duplexes, and build-to-rent residences. The developers also plan to integrate commercial and retail spaces, multifamily properties, as well as community amenities such as parks and an elementary school. The project is strategically positioned at the intersection of FM 1462 and County Road 395 in Brazoria County.
As the project advances, the initial lot deliveries are anticipated to begin in the winter of 2026. This development is aligned with Alvin’s city initiative focused on enhancing the Austin Bayou District, as the city looks to expand westward to accommodate growth.
Community Features and Builder Partnerships
Preservation Creek is designed to incorporate an aesthetic that reflects the Texas-chic style, highlighted by a combination of masonry and stone exterior elevations. The community is expected to feature natural green belts tracing the Austin Bayou, along with more than 1,100 acres set aside for protected parks, trails, waterways, and green spaces. This approach aims to provide residents with easy access to outdoor activities and promote a healthy lifestyle.
Several builder partners have already committed to the project, including well-known names such as Smith Douglas Homes, K. Hovnanian, Imagination Homes, New Home Co., Kendall Homes, and Brightland Homes. Each partner plays a crucial role in bringing the vision of Preservation Creek to life, ensuring a variety of housing options to meet diverse needs.
Addressing Housing Demands
The urgent need for housing solutions in the Houston metropolitan area distinguishes Preservation Creek as a vital project. Alvin’s population was reported to be fewer than 30,000 last year, indicating substantial growth potential, which will certainly benefit from this new development.
Challenges and Past Development History
It is important to note that Alvin has faced challenges in executing large-scale development in the past, as the region was predominantly used for cattle grazing before a shift toward residential and retail projects. With the backing of Trez Capital, this financing is viewed as a pivotal investment in creating the necessary infrastructure that will facilitate gradual growth over several years.
As the Preservation Creek project moves forward, it represents a significant step towards meeting the pressing housing demands while enhancing the overall community landscape in Alvin, Texas.
Deeper Dive: News & Info About This Topic
Additional Resources
- Business Wire: The City of Alvin and W Land Development Unveil Preservation Creek
- Wikipedia: Alvin, Texas
- Bisnow: 5,700-Home Community Planned for Brazoria County
- Google Search: Preservation Creek Alvin
- Realty News Report: 5,700 Homes Coming to New 3,000-Acre Community
- Google Scholar: Alvin Texas Development
- KHOU: NASCAR Master Planned Community
- Encyclopedia Britannica: Master-Planned Communities
