News Summary
W Land Development has successfully secured $58 million in financing to launch Phase 1 of the Preservation Creek project in Alvin, Texas. This development aims to build a total of 5,700 homes, with initial plans for 367 acres and over 700 single-family lots. The project will also include community amenities and commercial spaces, addressing the growing housing demand in the Houston area. As construction begins, Preservation Creek represents a significant investment in infrastructure and community landscape.
W Land Development Secures $58M Financing for Preservation Creek in Alvin, Texas
W Land Development, headquartered in Houston, has successfully secured $58 million in financing from Trez Capital for the first phase of its ambitious Preservation Creek project. This development is set to transform a large tract of land in Alvin, Texas, located approximately 30 miles south of downtown Houston, into a vibrant master-planned community.
The financing will primarily serve to recapitalize the project and facilitate the necessary horizontal development for Phase 1, which includes the installation of essential utilities, roadways, and other critical infrastructure. This initial phase encompasses approximately 367 acres and is expected to feature over 700 single-family lots.
In total, Preservation Creek is designed to span more than 3,000 acres and aims to include a diverse mix of residential options such as single-family homes, duplexes, and build-to-rent residences. Additionally, the development plans to incorporate commercial and retail spaces, multifamily properties, various amenities, and even an elementary school. The expansive project is ideally situated at the intersection of FM 1462 and County Road 395 within Brazoria County.
The lot deliveries for the first phase are projected to begin in the winter of 2026, marking a significant milestone in the city’s ongoing efforts to enhance the Austin Bayou District through westward expansion. This initiative is crucial to addressing the growing housing demand throughout the Houston metropolitan area.
Community designs will feature a distinctive Texas-chic architectural style, with an appealing blend of masonry and stone elevations. Several builder partners are participating in the development, including Smith Douglas Homes, K. Hovnanian, Imagination Homes, New Home Co., Kendall Homes, and Brightland Homes. These collaborations underline a commitment to delivering quality housing solutions in line with the community’s vision.
Preservation Creek seeks to not only provide essential housing but also to leverage the natural landscape by incorporating green belts along the Austin Bayou. More than 1,100 acres of the development will be dedicated to protected parks, scenic trails, waterways, and green spaces, ensuring a balance between urban living and nature.
As of last year, Alvin’s population was reported to be fewer than 30,000, highlighting opportunities for significant growth due to this new development. Historically, the city has struggled with large-scale development ventures, with the region once primarily dedicated to cattle grazing before the influx of residential and retail projects.
Trez Capital views the recent financing as a vital investment to facilitate the creation of infrastructure capable of supporting phased growth over the coming years. With the demand for housing continuing to surge, Preservation Creek aims to meet the needs of a rapidly evolving market while also enhancing the overall livability of Alvin, Texas.
The positive outlook for this project is echoed by its potential to reshape the landscape of Alvin and provide a sustainable living environment for future residents. As the development progresses towards its goals, the community is expected to become an essential addition to the Houston region.
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Additional Resources
- Business Wire: The City of Alvin and W Land Development Unveil Preservation Creek
- Wikipedia: Alvin, Texas
- Bisnow: 5,700-Home Community Planned for Brazoria County
- Google Search: Preservation Creek Alvin
- Realty News Report: 5,700 Homes Coming to New 3,000-Acre Community
- Google Scholar: Alvin Texas Development
- KHOU: NASCAR Master Planned Community
- Encyclopedia Britannica: Master-Planned Communities
