Friendswood Development Company

Friendswood Development Company is a real estate development company operating in Greater Houston. The company is a subsidiary of Lennar Corporation.

Friendswood Development Company
Subsidiary of Lennar Corporation
IndustryReal estate
Founded1962, as a subsidiary of Humble Oil
HeadquartersHouston, Texas
Area served
Greater Houston
Key people
John Hammond, President
OwnerLennar Corporation
Websitewww.friendswooddevelopment.com

The company is best known for developing Kingwood, a 15,000-acre master-planned community northeast of Houston with more than 20,000 homes, developed over a 40-year period. [1]

History timeline

  • The company was founded in 1962 as a subsidiary of Humble Oil.
  • In 1963, the company established Clear Lake City, its first project.[2]
  • In 1991, the company broke ground on the first new office building in Houston in 5 years.[3]
  • In June 1995, Exxon put the company up for sale.[4]
  • In December 1995, Lennar Corporation acquired the company for $110 million.[5]
  • In 2014, the company expanded several of its communities.[6]
  • In 2015, the company announced 3 new communities in northeast Houston.[1]
  • In 2016, the company opened Knoll Park, its first development in urban Houston.[7][8]
  • In 2017, the company launched its third residential development in Houston.[9]

References

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