The first phase of a $75 million Manvel subdivision is slated to have 393 lots open this...
Valencia is a 440-acre development project in Manvel expected to include roughly 950 homes and 30 acres of commercial property.The planned $75 million Valencia development in Manvel is slated to provide 393 residential lots for sale this fall.
"We're probably putting in $50 million of infrastructure," said Russell Bynum, general manager of the developer, Hillwood Communities, which began construction on the project last fall."Our first phase is always the largest phase. Not to mention, prices have gone up and costs have increased substantially. We've seen about a 20 to 30 percent increase in costs.
After completion, Valencia is expected to be valued at $500 million, with homes ranging from 1,400 to 4,000 square feet that will be priced roughly from $300,000 to $700,000.That will serve as an alternate way for motorists to go from Texas 6 to Texas 288 without having to go through the congested intersection of those highways, said Cary Perrin, president and CEO of Alvin-Manvel Chamber of Commerce.
Valencia will provide more than 30 acres of commercial property including retail and day cares. Hillwood, which is based in Dallas, is partnering with Perry Homes, Pulte Homes, Dream Finder Homes and Alvin ISD on the project.The school district must go through an administrative process to acquire land for the school and discuss the timeline of when the campus would be built, said Bynum.
The idea for Valencia developed after the success of Hillwood's Panoma development in Manvel, which began in 2013.
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