The Magnolia area continues to attract major residential development, and the latest land acquisition along FM 1488 is another sign of the region’s rapid growth. D.R. Horton has acquired 73 acres in Magnolia, Texas, with plans to develop a new residential community called Longleaf.
Newcor brokers David Alexander and Josh Cheatham represented D.R. Horton in the transaction, facilitating the purchase from KTR 1488, LLC.
Located along the highly traveled FM 1488 corridor, the 73-acre tract offers a strategically positioned development opportunity in one of the fastest-growing areas of Montgomery County. D.R. Horton plans to develop a mix of single-family and multifamily housing, helping meet continued demand for residential growth in the Magnolia market.
The future Longleaf community reflects the ongoing expansion taking place throughout Magnolia and greater Montgomery County, where strong population growth and increasing infrastructure investment continue to drive residential development opportunities.
As part of the transaction, Newcor provided brokerage representation and market expertise to support the successful acquisition and positioning of the site for future development.
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