Friendswood Development Company
Real estate company based in the United States
From Wikipedia, the free encyclopedia
Friendswood Development Company is a real estate development company operating in Greater Houston. The company is a subsidiary of Lennar.
Company typeSubsidiary of Lennar
IndustryReal estate
Founded1962, as a subsidiary of Humble Oil
HeadquartersHouston, Texas
| Company type | Subsidiary of Lennar |
|---|---|
| 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 |
| Website | friendswooddevelopment |
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] The company also developed the Clear Lake City area near NASA in 1962.[2]
History timeline
- The company was founded in 1962 as a subsidiary of Humble Oil, now ExxonMobil.
- In 1963, the company established Clear Lake City, its first project.[3]
- In 1970, The company developed Kingwood master planned community.[4]
- In 1991, the company broke ground on the first new office building in Houston in 5 years.[5]
- In June 1995, Exxon put the company up for sale.[6]
- In December 1995, Lennar acquired the company for $110 million.[7]
- In 2014, the company expanded several of its communities.[8]
- 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.[9][10]
- In 2017, the company launched its third residential development in Houston.[11]
