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The heart of the area was once a pecan orchard dating back to the late 19th century with platting of lots for sale by the Magnolia Park Land Company beginning in 1926. The original streets were paved in shell, with asphalt paving becoming widespread during the 1930s and 1940s, when the majority of the homes in the area were constructed.
Those ventures continue today. In 2001, Forestar opened an office in the Atlanta area to manage nearby land with a focus on its long-term real estate development potential. In 2006, Temple-Inland Inc. began reporting Forestar Real Estate Group as a separate business segment. On December 28, 2007, Temple-Inland distributed 100% of the issued and ...
This acquisition earned the homebuilder over 200 under-construction homes and approximately 4,000 lots. [25] LGI Homes also expanded into Las Vegas in the same year. [26] Fortune magazine named LGI Homes the tenth-fastest growing company in the country in its 2018 list of 100 Fastest-Growing Companies. [27] LGI Homes also claimed the No. 5 spot ...
Acres Homes Multi-Service Center. Acres Homes is a neighborhood located in northwest Houston, Texas.The 9-square-mile (23 km 2) mile area is loosely bounded by the city limits and West Gulf Bank Road to the north; Pinemont Drive to the south; North Shepherd Drive to the east; and Alabonson Drive to the west.
The first houses for sale were on Chartres Street, and the lot sizes ranged from 55 feet (17 m) to 105 feet (32 m). [2] Washington Terrace was designed for middle-class families. [3] It was annexed by the City of Houston in 1927. [4]
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In 2003 River Oaks lots were priced $65–$70 ($111.1-$119.65 in today's money) per square foot and West University Place lots were priced around $50 ($85.46 in today's money) per square foot. Ellis said "The lots in Tanglewood are so much larger than the norm in West University or some of the sections of River Oaks.
Feldman added that "Most of those down-at-the-heels homes will be snatched up, then bulldozed to make room for town homes." [1] In 1992 Tony Freemantle and William E. Clayton, Jr. of the Houston Chronicle said that "the trend recently is toward smaller lots and self-standing townhouses" such as the lot that the house of George H. W. Bush was ...