BIG BUILDER
Tricon, Johnson Development team on 2,046-acre successor to Houston's master of MPCs
Houston's a veritable home builder's hive of action thanks to the 100,000 new jobs created there in the past 12 months. The latest major play is a north-of-$50 million deal--funded with an $80 million investment account from Toronto-based Tricon Capital Group--that landed Johnson Development Corp. a 2,046-acre tract a virtual stone's throw from masterplannned community mother-of-them-all The Woodlands. Here's a deep dive on the deal from BIG BUILDER's John McManus.
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