Friendswood Development Company

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Friendswood Development Company
Subsidiary of Lennar Corporation
Industry Real estate
Founded 1962, as a subsidiary of Humble Oil
Headquarters Houston, Texas
Area served
Greater Houston
Key people
John Hammond, President
Owner Lennar Corporation
Website www.friendswooddevelopment.com

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

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[edit]

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[edit]