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Friendswood Development Company is a real estate development company operating in Greater Houston. The company is a subsidiary of Lennar . The company is best known for developing Kingwood , a 15,000-acre master-planned community northeast of Houston with more than 20,000 homes, developed over a 40-year period. [ 1 ]
Most of the property remained undeveloped until, following the decision to establish the Johnson Space Center in the area, Humble Oil's venture, the Friendswood Development Company, made plans to establish a residential development. The company established the Clear Lake City Community Association, Inc. (CLCCA) in 1963.
In 1989 Friendswood Development bought an additional 260 acres (110 ha) and continued building houses into the 1990s. [2] In 1991 Standard Pacific of Houston had acquired 70 acres (28 ha) in Copperfield from Friendswood Development and planned to build 265 houses in Copperfield Place Village, a community within Copperfield. [3]
The initial 2,000-acre (8.1 km 2) retail and office development centered around Greenspoint Mall was a project of the Friendswood Development Company during the 1970s and early 1980s. [3] Greenspoint is one of Houston's major business districts, with 10.82 million square feet (1.005 million square metres) of office space. [4]
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The Woodlands Corporation was acquired on July 31, 1997, by a partnership between Morgan Stanley and Crescent Real Estate Equities. [13] In December 2003, Rouse Company acquired Crescent's interest, [14] and Rouse was bought by General Growth Properties on November 12, 2004. In 2011, The Woodlands was sold to the Howard Hughes Development ...
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