Egypt Lane Housing Project: Transforming a Community Landscape

Egypt Lane Housing Project: Transforming a Community Landscape Main Photo

8 Aug 2024


News

Strategic Development Elevates Quality of Life and Spurs Economic Growth

As a partnership between local governments and the state, the Westwood Magnolia Parkway Improvement District (WMPID) is focused exclusively on local projects that directly benefit the businesses and community members living, working, and shopping in the region between Conroe, Magnolia and The Woodlands.

Regional leadership has recognized the need to develop housing that is more accessible to a growing number of families and individuals. The Egypt Lane Housing project, currently in construction, is a testament to the transformative power of strategic development in Texas. Led by WMPID, this initiative has substantially benefited the communities within its boundaries, enhancing residents’ living environment and overall quality of life.

Targeting new homeowners

The Egypt Lane Housing project is the Alden Heights subdivision in Magnolia and includes 84 single-family, detached three-story homes. The builder is Dallas-based Bridge Tower Properties, specializing in starter homes and small lot products. Each dwelling is about 30 feet wide on a small starter lot about 2,500 square feet, with a price point of approximately $300,000. Construction is 50% complete and is expected to be built out and sold by the end of 2024.

“The project targets first-time homeowners looking to own the title, land and maintenance of each property,” according to Richard Stromatt, agent for the development.

The entire subdivision sits on approximately eight acres west of Egypt Lane and south of FM1488, between Westwood Village and Magnolia Crossing, with Home Depot, Target, restaurants, clothing stores, banks, Ellisor Elementary School and more nearby.

“Nearly everything anyone could want for their daily living needs is within walking distance,” said Stromatt.

The unique nature of the development begins with the intent to meet the needs of young families or individuals seeking entry-level homes.

“The product is very avant-garde: small, very modern without strict association rules and on land that can be owned and sold,” said Stromatt. 

Additionally, blocks can be purchased as rental units, perfect for the owner seeking a cost-effective way to pursue rental properties. 

“The product bridges into the rental market extremely well for the young, upcoming home buyer seeking multiple rental properties,” said Rob Eissler, Executive Director of the Improvement District.

Infrastructure first

WMPID receives some supplemental sales tax and use tax within its boundaries and directs it to work on various municipal projects. Numerous infrastructure projects led by WMPID over the past decade-plus allowed such a housing project to be possible. Some of these projects include:

Egypt Lane expansion

Egypt Lane is a north-south two-lane road connecting the district to neighboring communities. It was expanded to include additional travel lanes to improve access from throughout the District to shopping areas and a continuous left turn lane to improve access to Ellisor Elementary School. The project was completed in June 2019 at a cost of $2,672,000.

Enhancing Community Infrastructure

The WMPID's commitment to enhancing roadways and ensuring efficient traffic flow is evident in the upgrades to Honea Egypt and Sendera Ranch. Infrastructure improvements included expanding Honea-Egypt Lane to a four-lane road with a dedicated turning lane and a traffic signal at the intersection of Honea-Egypt Lane and Sendera Ranch Road. These upgrades have not only facilitated smoother commutes but have also increased the safety of residents. The $3,426,700 project was completed in January 2017.

Improving Connectivity and Accessibility

Facing heavy vehicular traffic and backups near Ellisor Elementary School and the surrounding shopping areas, the District created a dedicated turning lane with an R-turn extension from Research Forest to turn north onto Egypt Lane. The modifications came at an approximate cost of $742,200 and have greatly enhanced traffic flow and accessibility, making it easier for residents to navigate the area. These modifications are part of WMPID's broader vision to create a connected and accessible community.

Addressing Environmental Concerns

In addition to housing and infrastructure, WMPID has prioritized environmental sustainability. The construction of a regional detention basin to reroute drainage away from overwhelmed detention ponds near a Home Depot and Ellisor Elementary School was a significant milestone in this regard. This basin is crucial in flood prevention, protecting homes and businesses from potential water damage. This project was completed in April 2019 at a cost of $1,200,000.

Community Impact and Future Prospects

The Egypt Lane Housing project exemplifies the positive impact of strategic planning and development on a community. Through the collaborative efforts of WMPID and key developers, the region has witnessed significant improvements that promise long-term benefits for its residents. As the community continues to grow and evolve, the principles and successes of the Egypt Lane Housing project will undoubtedly serve as a guiding framework for future developments, ensuring the District remains a vibrant and desirable place to live.

Click here to learn more about WMPID and the dynamic projects spurring growth in the District.