The HBJ’s Jennifer Dawson picks up an interesting detail about Springwoods Village, the mysterious eco-themed community being planned by a mysterious company for 1,800 mostly forested acres just south of the Woodlands, at the intersection of I-45, the Hardy Toll Road, and (someday) the Grand Parkway. Coventry Development, still won’t talk about the project’s connection to the rumored but not-yet-announced corporate campus ExxonMobil appears to be building next door, which is expected to consolidate most employees currently based in Houston and Fairfax, Virginia. But it sure looks like Coventry is banking on something big close by: Development director Keith Simon tells Dawson that
Coventry will develop commercial parcels in Springwoods before the residential acreage. The companyâ€™s strategy is to build commercial first to create tax value that will funnel money through the tax district to fund infrastructure.
Building standalone office parks and strip centers in the middle of a forest is, of course, a time-honored Houston development tradition. More often these days though, the sprawling houses go in first. But if the major centralized campus of the second-largest publicly traded company in the world is going to bring in thousands of workers nearby pretty soon anyway, yeah — what’s the point?
Simon also comes clean about who actually owns the land slated to become Springwoods Village . . . sort of: It’s . . . uh, just some “wealthy Europeans,” who picked up the land in the 1960s. Actually, make that wealthy space-race-speculating Europeans. Another branch of the secretive ownership group, Simon says, picked up about 1,000 acres of land near the Baybrook Mall back in 1960 or ’61 — “only months before the Johnson Space Center was announced.” ExxonMobil — or at least its predecessor, Humble Oil — was lurking in the background back then, too. The oil company donated the land the space center now sits on to Rice University, which flipped it to the federal government for a quick $20 profit.
- Springwoods proceeding, but big question still unanswered [Houston Business Journal]
- Springwoods Village coverage [Swamplot]
Images: Springwoods Village