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.
Video Friendswood Development Company
History
The company was founded in 1962 as a subsidiary of Humble Oil.
In 1963, the company established Clear Lake City, its first project.
In 1991, the company broke ground on the first new office building in Houston in 5 years.
In June 1995, Exxon put the company up for sale.
In December 1995, Lennar Corporation acquired the company for $110 million.
In 2014, the company expanded several of its communities.
In 2015, the company announced 3 new communities in northeast Houston.
In 2016, the company opened Knoll Park, its first development in urban Houston.
In 2017, the company launched its third residential development in Houston.
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References
Source of article : Wikipedia
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