Dallas’ Real Estate Future? Perhaps We’ll Be Paving Golf Courses For Tract Homes Like They Do in Katy
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Developers and members of the Katy Chamber of Commerce turn dirt at the site of the Falls of Green Meadow at the Green Meadow Golf Course. (Photo: Zach Haverkamp/YourHoustonNews.com)
I stumbled across this interesting bit of news that a new development just west of Houston in Katy will put 440 new tract homes on top of a 242-acre golf course.
Sacrilege? Considering the dearth of available land in the tony suburb, perhaps not.
Dubbed the “Falls of Green Meadow” — an ersatz homage to Green Meadow Golf Course — this development will be the latest master-planned community after a bevy of master-planned communities in Katy. The project is headed by Tom Fitzpatrick of Friendswood Development Co.
From the news story:
Home builders Lennar Homes and Meritage Homes will be the homebuilders for the neighborhood, and Village Builders will also begin home construction in the summer of 2014.
Fitzpatrick estimates that the first model homes will be ready for viewing around the beginning of this August, and the community’s final phase of construction should be concluded by 2014 or 2015.
Due to the attractiveness of the Katy area, he predicts the new neighborhood’s homes should be quick sellers.
“In the real estate business, Katy ISD is kind of like gold, that’s where everybody wants to be. As a developer who’s been around since 1962 – this is our 51 year [anniversary] – we’re constantly looking for new opportunities, and some of these hopefully will be in the Katy area.”
Green Meadows Golf Course first opened in 1965, when the property was converted from pastureland to a 36-hole golf course. It closed in 2008.
I wonder if the homes will come with bermuda grass lawns mowed like fairways … What do you think? Are there any golf courses Dallas suburbs should sacrifice in the name of new housing?
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There used to be a golf course in east Dallas, along Abrams to Bob-o-Link, owned by the McComas family. They also had miniature golf. In the 1970's it was replaced with houses. My in-laws lived next to the golf course, separated by a creek.
There used to be a golf course in east Dallas, along Abrams to Bob-o-Link, owned by the McComas family. They also had miniature golf. In the 1970's it was replaced with houses. My in-laws lived next to the golf course, separated by a creek.
Golf courses are way overbuilt in the US — during the boom there was almost a golf course developed per day in the U.S. That's 300 to 400 per year! Younger millennials don't play as much as The Greatest Gen did, and the Boomers. Recall my interview with the charming Gary Player: http://www.secondshelters.com/2010/11/09/golfer-extraordinaire-gary-player-i-love-mexico-the-food-the-women-the-beaches-the-country/.
Of course, the City of Dallas is building a new golf course…http://www.bizjournals.com/dallas/news/2013/03/28/ex-trammell-crow-ceo-worst-use-of.html.
Golf courses are way overbuilt in the US — during the boom there was almost a golf course developed per day in the U.S. That's 300 to 400 per year! Younger millennials don't play as much as The Greatest Gen did, and the Boomers. Recall my interview with the charming Gary Player: http://www.secondshelters.com/2010/11/09/golfer-extraordinaire-gary-player-i-love-mexico-the-food-the-women-the-beaches-the-country/.
Of course, the City of Dallas is building a new golf course…http://www.bizjournals.com/dallas/news/2013/03/28/ex-trammell-crow-ceo-worst-use-of.html.