Developing and Investing in Tomball, Spring & The Woodlands TX

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Developing and Investing in Tomball, Spring & The Woodlands TX

Sean YorkPro Member
Developer · Houston, TX · Member since 2019 · 52 posts · 12 votes

Greetings fellow BP members.  I, like most others on BP am looking for future partnerships with fellow investors, realtors, lenders, contractors etc.  Recently laid off in the multifamily development sector and am looking to chart my next chapter through small niche development and RE investment.  I've been looking into the concept of developing pocket (cottage home) neighborhoods and/or duplex, quadplex or townhomes on suburban infill sites.  The concept has been successful in other parts of the country,  but there doesn't seem to be anything like it here.  Will be looking for partners and investors when the timing is right to develop after we begin to re-build the economy post COVID-19.  Also looking at potentially investing in small multifamily and currently working to fill my network and team.  Any other investors/developers here in Tomball, Spring, The Woodlands or Houston proper and surrounds that would be interested in connecting?  

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Andrew Taylor
Contractor · Magnolia, TX · Member since 2016 · 279 posts · 155 votes
6y

Those houses in Bentonville are nice, but they're going to be stupid-expensive to build. I could be wrong, but I don't think there's a huge market for $300-a-foot homes in the 1,200sf range.

There's plenty of ways to build those houses with added energy efficiency, flood-damage resistance (i.e. assemblies that dry to the exterior), and appealing styling without having to use ICF's, metal studs and SIP's.

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  • Henry Kahn
    Contractor · The Woodlands, TX · Member since 2017 · 12 posts · 4 votes
    6y

    Hi Sean,

    I would love to discuss development projects with you. I'm with Elevated Custom Homes, we're a custom home builder. We work consumer builds but also JV with investors on development projects mainly have been focused on tear down/rebuild in higher end area $1-1.5mm level in Spring Branch East, Bellaire City, etc. We are also working on townhomes developments as well. I'd love to connect and maybe you can visit one of my sites sometime as well. Our partners are open to a variety of development projects high end single family, townhomes, small neighborhoods, etc. I am confident the economy will rebound post Covid. The Houston and overall Texas economy is a strong driver for construction. Look forward to collaborating with you.

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  • Tony Castronovo
    Rental Property Investor · Park City, UT · Member since 2016 · 678 posts · 531 votes
    6y

    Hi Sean. Good to see you here on BP! 

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  • Andrew Taylor
    Contractor · Magnolia, TX · Member since 2016 · 279 posts · 155 votes
    6y

    Hey Sean, I'm in Magnolia and share the same interests. I've got the pocket neighborhoods book and study plans from Ross Chapin and have been scouting land parcels in the area. I've gotten lots of positive feedback on the idea; it seems there's a real interest in smaller, more affordable residences. I think the trick is to use architect-designed plans so the homes live larger than they are, with thoughtful details and quality construction. Otherwise, people turn up their noses at what is basically a cheap, plain, small box within arm's reach of the neighbors.

    Anyhow, I'd love to connect and bounce ideas off a kindred spirit. Shoot me a PM if you're interested.

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  • Sean YorkPro Member
    OP
    Developer · Houston, TX · Member since 2019 · 52 posts · 12 votes
    6y

    @Tony Castronovo. Hey Tony...fancy seeing you here! Definately would like to connect soon. connect with me on linkedin and we can chat.

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  • Sean YorkPro Member
    OP
    Developer · Houston, TX · Member since 2019 · 52 posts · 12 votes
    6y

    @Andrew Taylor. Hey Andrew, would love to connect. I will reach out soon. I've got a couple architects that are very interested, a sitework contractor and a builder. check out small incremental development group on facebook and entredev.com. Also, look up black apple pocket neighborhood in bentonville, AR.

    Will talk to you soon.

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  • Jacob Fitzgerald
    Realtor · Angleton, TX · Member since 2019 · 87 posts · 39 votes
    6y

    @Sean York

    I live in Bentonville and it’s an amazing community!

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  • Andrew Taylor
    Contractor · Magnolia, TX · Member since 2016 · 279 posts · 155 votes
    6y

    Those houses in Bentonville are nice, but they're going to be stupid-expensive to build. I could be wrong, but I don't think there's a huge market for $300-a-foot homes in the 1,200sf range.

    There's plenty of ways to build those houses with added energy efficiency, flood-damage resistance (i.e. assemblies that dry to the exterior), and appealing styling without having to use ICF's, metal studs and SIP's.

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  • Sean YorkPro Member
    OP
    Developer · Houston, TX · Member since 2019 · 52 posts · 12 votes
    6y

    I agree Andrew.  Too expensive to build which would cut into profit.   That community was developed by one of the Waltons so I don't think money was an issue.  I have talked to the architect Greenspur and they are very interested in doing something less expensive, and likely single story.  I'm thinking something more like what Ross has designed for Inglenook Cottage Homes in Carmel, In.  I'm also thinking Magnolia would be ripe for a cottage home community?  Thinking for rent vs. for sale - thoughts?  

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  • Vijaianand Thirunageswaram
    Real Estate Broker/Owner & Property Manager · Sugar Land, TX · Member since 2013 · 660 posts · 459 votes
    6y

    @Sean York I see some interesting concepts you are proposing and will to hear more... We been doing SFH & Townhomes construction in Acres Homes area as OM Developers for couple years now. We would be interested in other areas if the numbers are good to build and sell model. 

    @Tony Castronovo How you my friend?? How things with you on the MFH area?

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  • Henry Kahn
    Contractor · The Woodlands, TX · Member since 2017 · 12 posts · 4 votes
    6y
    Originally posted by @Sean York:

    I agree Andrew.  Too expensive to build which would cut into profit.   That community was developed by one of the Waltons so I don't think money was an issue.  I have talked to the architect Greenspur and they are very interested in doing something less expensive, and likely single story.  I'm thinking something more like what Ross has designed for Inglenook Cottage Homes in Carmel, In.  I'm also thinking Magnolia would be ripe for a cottage home community?  Thinking for rent vs. for sale - thoughts?  


    I live in the Magnolia area myself, our office is off 2978, there is definitely a lot of potential there. Also along 249 they have completed that construction extremely fast. They have a new gated community development there, Woodtrace so Tomball would be a good location as well.

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  • Tony Castronovo
    Rental Property Investor · Park City, UT · Member since 2016 · 678 posts · 531 votes
    6y

    @Vijaianand Thirunageswaram I’ve been pretty slammed. But managed to  finish up our agave planters at Agave Heights Apartments this week. Pretty stoked about the transformation we are making to this property.

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