Magnolia: 1,400-acre development planned near Hwy. 249, FM 1486
Published: Wed, 11/30/22
1,400-acre development planned near Hwy. 249, FM 1486
Johnson Development and IHP Capital Partners have purchased land for a 1,400-acre development set to be built near the intersection of Hwy. 249 and FM 1486.
(Courtesy Johnson Development)
Community Impact
By Lizzy Spangler
Johnson Development and IHP Capital Partners have purchased land for a 1,400-acre development set to be built near the intersection of Hwy. 249 and FM 1486, according to a Nov. 29 news release.
The unnamed development will include up to 3,700 homes, including single-family and townhomes, alongside shopping and dining options. Part of the 1,400 acres will also be dedicated to a new school within Magnolia ISD, according to the news release.
“This new community's location along the Aggie Expressway opens up a new market, providing people who work in and near College Station—and in Montgomery and Grimes counties—an opportunity to purchase a new home within an accessible, vibrant and well-planned community,” said Michael Smith, president and CEO of Johnson Development, in the release.
Builders are expected to receive lots in late 2024, according to the release.