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April 12, 2018
By Jen ParaWeb producer, Houston Business Journal
The developer behind Valley Ranch, a 1,400-acre master-planned community in northeast Houston, has announced a new residential project.
The Signorelli Co., based in The Woodlands, will build a new subdivision called Granger Pines near Conroe, according to a press release. The community will encompass over 450 acres and offer more than 1,300 single-family homes on different lot sizes.
The property is north of State Highway 242 with immediate access to Interstate 45, Interstate 69 and the Grand Parkway, per the release. It touts itself as minutes away from The Woodlands and Conroe.
The Houston Chronicle reports that the residential development is located off FM 3083 near Gulf Coast Road.
On March 22, the Conroe City Council voted to create Municipal Utility District No. 164 for the community. At the meeting, Signorelli’s director of community development, Nancy Mikeska, said she would return to offer a strategic partnership agreement between the company and city, per the Chronicle. She added that the site has some topographical challenges such as Dry Creek, which cuts through the property.
Houston Business Journal has reached out for more information.
The Signorelli Co. was expected to break ground in January on Valley Ranch Town’s first multifamily project. The Pointe will have 550 units plus amenities such as an on-site dog park, lakefront views, attached garages and more.
In total, Valley Ranch has six multifamily projects planned for the overall community, which will also include a medical district called Vivacity. CHI St. Luke’s Health became the first health care partner for Vivacity over the summer. Meanwhile, Valley Ranch Town Center — a 240-acre mixed-use development inside the community — announced in December several retail and restaurant tenants and their opening dates.
The Signorelli Co. is No. 5 on HBJ's 2017 Largest Houston-Area Master-Planned Community Developers List. The company owns almost 5,000 local acres.
Read this article on Houston Business Journal.