The hottest neighborhood in Houston just keeps getting hotter. Earlier this year, Zillow projected that Spring Branch, the family-friendly neighborhood situated between 610 and Beltway 8, just north of I-10, would see home values grow by 6.1 percent over the course of 2016 - the highest growth rate in Houston. Along with this growth in home values is the growth in population. Since the last census Spring Branch has grown from 107,000 to 120,600, and developers are taking notice.
There are currently 49 subdivisions of varying sizes, with 1,965 homes planned or under construction in the Spring Branch District. One of the most ambitious developments is Kolbe Farms, a 40-acre master-planned subdivision in central Spring Branch that will boast an artificial lake encircled by a jogging trail, adult and kiddie pools, and a dog park. The homes will employ “urban farm”-style architecture, with many offering front porches and metal roofs.
“Generally, if people want a master-planned community, they have to go to the suburbs,” said Kolbe Farms sales manager, Thomas Jennings. “Now they can have the same lifestyle closer in.” Around 70 homes have already been completed, with hundreds more under construction. Kolbe Farms also owns a 60-acre plat nearby that is slated for future development.
Mauricio Valdes, the owner of Tu Casa Realty, has lived and worked in Spring Branch for nearly 25 years and has seen the neighborhood’s dramatic transformation. “You can’t beat the location - it’s in the center of the city,” he said. “You can get anywhere you want to go pretty easily, and price-wise you can get a lot more house than you can inside the loop.” Among the developers who have jumped into the neighborhood’s dynamic market is local giant David Weekley Homes, which has no fewer than nine major projects underway in Spring Branch. “The area offers something for everyone,” said Chris Weekley, the company’s Vice President of Central Living. “With its excellent schools, close proximity to major Houston-area employers, and great entertainment and shopping venues, Spring Branch is an incredible place to call home.”
Business entrepreneurs looking to expand or open a new business should take a serious look at our community says Spring Branch District Executive Director, David Hawes. “Last year Spring Branch residents spent more than $1.7 billion dollars on goods and services. The changing demographic will create even more disposable income, and new residents will also expect more retail options. The Spring Branch District is doing their part working with developers, entrepreneurs and the community to create and promote an environment attractive to business to facilitate profitability.”
How can entrepreneurs and current Spring Branch businesses learn more about these opportunities? Start by visiting www.SBMD.org/Business or give us a call! David Hawes, Executive Director (713) 595-1209 and [email protected].