Next month, reports Real Estate Bisnow’s Catie Dixon, construction’s supposed to start on 3 more segments of the Grand Parkway: That’s why F1, F2, and G on the map here are colored in that cautionary yellow. And where G ends? Not coincidentally, adds Dixon, at that future intersection with U.S. 59, planned to be completed by 2015, the 1400-acre master-planned Valley Ranch is getting ready to sprawl out.
And this overgrown crossroads in the middle of somewhere near U.S. 59 and FM 242 is expected to be part of the Grand Texas Theme Park. Investors are in place, and the land between New Caney and Splendora in Montgomery County should be closed on this May, developer Monty Galland tells Click2Houston, when construction on the $200 million project — advertised to feature high-noon cowboy shootouts and tractor rides — will begin. And why all the fuss? “If there was an Astroworld,” says Galland, “we probably wouldn’t have even pursued this development. . . . The great thing about it is that we have enough land that we can create a lot of the elements Astroworld had, and it doesn’t detract from the other areas of the park. We’re not going to compete with Disneyland. We want to create an entertainment value that’s similar to going to the movies or going bowling.” [Click2Houston; previously on Swamplot] Photo: Grand Texas Theme Park, via Facebook
The cartoon horse speaks! Alas, Grand Texas Theme Park’s well-heeled mascot isn’t saying where you’ll join him. But at least the theme park’s website is now open, claiming that developer Monty Galland “has determined three different desired sites: Two are in Montgomery County, while the other is in Fort Bend County.” And there are now several new renderings of the park’s proposed “territories” with detailed descriptions of the Texas-themed activities and amenities to come.
Meet Lasso, your mascot for the new Grand Texas Theme Park! The armed-and-friendly blond stud has been revealed as the long face of the Texas-themed theme park’s second-go-around in Texas. Back in July 2009, developer Monty Galland announced that he had a spot in Tomball for the park’s first phase to open by April 2010. Well, that was then. Now, Galland’s back — with Lasso in tow — and presenting a revised proposal to Montgomery Country leaders, reports the Tomball Potpourri: The developer’s eyeing property near New Caney, where Grand Texas might better hitch its wagon to dinosaur-friendly EarthQuest.
Property-tax assessments dropped overall in Harris County this year, but a reader in Montgomery County writes in to brag about the remarkable rise in value her small neighborhood in The Woodlands experienced over the same period: Assessments for a group of 42 homes in the Village of Panther Creek went up by a minimum of 80 percent over last year’s values. To get a taste of the boom, our reader suggests, try a search for “Wedgewood Glen” on the MCAD website. The datasheets for any of the properties listed will show the appraisal history. “With increases like that, The Woodlands may be the hottest real estate market in the country,” she writes. And she says she’s ready to sell her 30-something-year-old home now — if she can get anyone to buy her home at the price the county assessor says it’s worth.
The charms of gated acreage near Lake Conroe: large, wooded lakefront homesites, plus only a 25 minute commute . . . to The Woodlands! Oh, and if we’re talking about 1400-acre Crown Oaks in Montgomery County, lots of lawsuits, too!
Last year, the Crown Oaks Property Owners Association, along with individual homeowners, sued Affiliated Crown Development LTD, citing poor structure of the two manmade lakes in the development, located outside Montgomery.
But so much has happened since then: After new board members decided the developer would finally work with them to solve the lakes’ problems, the property owners association dropped its suit this fall. But now two groups of 10 individual homeowners have hired separate legal teams to continue their lawsuit against the developer. And in turn, the developer is now suing the engineering and construction firms it hired to build the dams on both lakes.
But there’s even more lawsuit fun:
“The POA tried to get out of the suit as a plaintiff, so my group has also sued them,” [homeowner attorney Kevin] Forsberg said. “The individuals were not satisfied. … Even though the POA started working with the developer in the hopes that the lakes would be fixed, nothing has actually been done.”
What’s it like to build your home on a lake that doesn’t bother to show up? Thanks to the amazing power of the internets, you can experience all the highs and lows of manmade-lakefront real-estate investing yourself — from the comfort of your own computer! Watch videos and read details of the whole dam story . . . after the jump!
Comment of the Day: The Great Northern Divide
“So what’s the deal with the ‘Conroe’ vs. ‘The Woodlands’ location name ambiguity? Seems to me that a lot of people living up that way have a Conroe mailing address but claim the name “The Woodlands” when saying where they live.
The address of this listing is 0 Darby Loop Conroe, TX 77385, and in the first sentence of the listing description, the realtor claims it is ‘…in The Woodlands!’ (emphasis unaltered).
Recently I tried to mail something to my uncle who lives in the ‘The Woodlands,’ but I had his mailing address listed as ‘Conroe.’ So I called him to verify, and he gave me a really long explanation that explained nothing and only confused me more. In the end, he instructed me to write ‘The Woodlands’ on the envelope, even though he mentioned that the name ‘Conroe’ is actually on the sign at his local Post Office.” [Superdave, commenting on Houston Home Listing Photo of the Day: House Chopper]