An amused reader points Swamplot to the HAR listing shown above for a newly discounted home in Bridgeland. Conveniently, HAR highlights MLS listing price drops — and the occasional price correction — of a certain weight. And which one is this? The price for this 4-year-old “hardly lived in” 4,061-sq.-ft. home was adjusted downward by a little more than $4 million on . . . April Fools Day.
GRAND PARKWAY SPRAWL STIMULUS “The road exemplifies an unintended effect of the stimulus law: an administration that opposes suburban sprawl is giving money to states for projects that are almost certain to exacerbate it.A new master-planned community called Bridgeland is rising on the prairie along the proposed site of the road; once completed, the development is expected to have 21,000 new homes on 11,400 acres. Other developers are eagerly awaiting the new road so they can start building on their empty land, too. . . . [Roger H. Hord, the president of the West Houston Association] pointed out that the road would connect two existing highways and said it would ease congestion on some of Houston’s other beltways. He said that an existing leg of the Grand Parkway, just to the south of the proposed leg, would give a sense of what the new stretch of the Grand Parkway might look like when it is done. The existing stretch is lined with strip malls and gas stations and drug stores and a huge 7,600-acre residential development called Cinco Ranch that is popular with families.” [New York Times]
General Growth Properties owns Baybrook Mall, Deerbrook Mall, First Colony Mall, Willowbrook Mall, The Woodlands Mall, and half of The Woodlands. And it’s holding onto all of those properties for now. But Jennifer Dawson reports in the Houston Business Journal that General Growth is trying to unload one of its specific growths: a portion of Bridgeland, the company’s 11,400-acre residential spread out in Cypress.
The name of the offered section is Lakeland Village, and it’s Bridgeland’s first, 2,370-acre phase.