Sienna Plantation is a gorgeous Master Planned Community just South of Houston in Missouri City. There are 4 swimming pools, multiple lakes, walking trails, a fitness facility, horse stables, tennis courts, ball fields, sports leagues and many more amenities. I love living here.
Soon, construction will begin on another section of Sienna. The land just South of Sienna Plantation will begin development. It will connect to Sienna Parkway and have an entrance onto FM 521 with sales to homebuyers beginning in 2015. I will be very interested to watch this community grow and develop and see the amenities, schools and roads added.
For more information about Sienna Plantation, please feel free to call me! (Link to article and full text of article below)
January 22, 2014 | Updated: January 22, 2014 9:21pm
Sienna Plantation, historically one of this area’s most popular master-planned communities, is being expanded with plans to grow by another 6,500 homes over the next 15 to 20 years.
A joint venture between luxury home builder Toll Brothers and New York-based private equity firm GTIS Partners has acquired 3,700 acres just south of Sienna Plantation for the expansion, the companies announced Wednesday.
The deal comes at a time of tremendous growth in Houston’s housing market.
Sales of existing homes hit a record high last year, and new-home sales are outpacing the rest of the country.
“If you look at existing master-planned communities around town, so many of them are in their later stages of development,” said Karl Mistry, Toll Brothers’ Houston division president. “We started looking at where we could create that same longevity in an environment where you find it less and less.”
The new section, Sienna South, is the last major undeveloped parcel of land within Sienna Plantation, a 7,000-acre community that was developed by Johnson Development Corp. in the 1990s. There are more than 20,000 residents there today.
The property, in Missouri City, was acquired by Hillwood Communities, which is part of H. Ross Perot Jr.’s Hillwood Development Co.
Sienna South’s master plan includes more than 1,100 acres of open space with parks, lakes, sports fields, pools, clubhouses and hiking trails. The property is zoned for 140 acres of retail and commercial use and 63 acres of civic use.
Local, regional and national builders will develop the homes in a variety of prices.
Horsham, Pa.-based Toll Brothers may acquire up to 1,750 of the lots in the project for itself. Its homes are likely to average in the $600,000 to $650,000 range.
When the community is completed, it is expected to have generated gross home sales of more than $2.6 billion. The partnership has entered into an agreement with Johnson Development, developer of Sienna Plantation, to act as primary developer of the acreage.
The Wednesday announcement highlighted the property’s proximity to the Energy Corridor and area mobility improvements. The extension of the county-financed Fort Bend County Parkway is scheduled to be completed by early 2014, which will connect Sienna Plantation to the Inner Loop.
Site improvements at Sienna South are expected to start in April, with lot sales beginning by year-end. Sales to homebuyers should begin in 2015.
“The Houston housing market has been one of the most dynamic and resilient housing markets in the country, fueled by strong fundamental employment and economic growth,” Rob Vahradian, senior managing director at GTIS, said in a statement.