Work will begin soon on the largest master planned community in Fort Bend County in more than 20 years – a massive, 4,700-acre development called Austin Point that, when complete, will bring 14,000 homes and even more business space to the region.
Austin Point will sit on 4,700 acres near the future intersection of the Grand Parkway and Fort Bend Parkway, according to Signorelli Company, The Woodlands-based real estate development company behind the project. The community’s main entrance will be off FM 762, near the George Ranch Historical Park.
“We are excited to bring new development to the area and help satisfy strong demand for quality places to live, work and play,” said Danny Signorelli, company founder and CEO. “Fort Bend County is one of the fastest-growing counties in America and we look forward to be a part of this growth.”
Construction crews are tentatively set to break ground on the development sometime in the second quarter of this year, according to a news release.
The announcement of the master planned community is the latest evidence that the county’s population boom isn’t ending anytime soon. According to one analysis by HireAHelper, Fort Bend County is the second fastest-growing county in the United States. Between 2015 and 2020, the county’s population increased from about 715,260 to 839,706 residents, according to the report.
Developers across the county have spent recent months ramping up construction on new homes in Fort Bend, in part to address what some have said is a countywide housing shortage.
At buildout, Austin Point will add more than 14,000 single-family homes and an additional 15 million square feet for multi-family, office, medical, retail and hospitality, according to the release. Homes will range from prices in the $270,000s up to more than $600,000, according to the release.
Signorelli Company, the developer behind Austin Point, is headquartered in The Woodlands and has helped develop projects across the Houston region, according to the company. The group, for instance, announced in April 2021 that it would begin work on a 665-acre community in Magnolia.
Officials with the company did not respond to questions about when the community might reach buildout and other topics as of Friday afternoon.