J. Troy Maxwell has been involved in property acquisitions in the Houston area since 1994. In 1999 Mr. Maxwell founded WoodCreek Development Co. with Larry Boudloche in order to pursue development opportunities for residential, commercial, industrial, office and recreational interests.
Mr. Maxwell has significant land acquisition experience, speculative growth analysis, in-depth knowledge of the Greater Houston, Magnolia and Katy Market Area, project coordination ability that has involved land-asset management, general and limited partnerships, equity placements, and infrastructure financing.
Mr. Maxwell assembled the original investor group that purchased the land that is now known as WoodCreek Reserve, a $300 million dollar development. Since this property’s acquisition in 1996-98, he has been responsible for all land management activities.
In addition, Mr. Maxwell has acquired 18 properties that amass over 7,100-acres in the Houston Area since 1995, which have been sold, developed or held for investment proposes. Current projects are listed below.
Mr. Maxwell is currently the developer of WoodCreek Reserve in Katy and Crown Ranch in Magnolia.
WoodCreek Reserve a 500-acre residential and commercial high-end project in Katy, Texas. Homes are being built by Trendmaker Homes, Emerald Homes, and David Powers Homes, KB Martha Stewart, and seven custom builders. Homes start in the $300,000’s and escalate to over $1 million. It is known as the premier development in Katy.
Crown Ranch is a 4,000 acre master-planned community in Magnolia with lots being sold to individual and builders. There will be over 3,000 homes when Crown Ranch is built out, homes start in the $300,000’s and escalate. It is a high-end gated acre lot community with all the amenities of smaller lot subdivisions.
Mr. Maxwell recently purchased 86 acres at the southwest corner of I-10 and Pin Oak road for a retail and office development, plans are to have over 600,000 square feet of retail and 400,000 square feet of office. The retail project has been dubbed Katy Main Street.
In addition, Mr. Maxwell recently purchased 7.3 acres in Park Ten for a new 300,000 square foot two office building project call The Reserve at Park Ten. This project also features a hotel component that will have a 180 bed facility. The whole project is being master planned for efficient use of space and will be LEED certified, meaning green buildings.
Mr. Maxwell has recently been one of the general partners of Willow Lake Apartments in Katy, a 336 unit class A project. Willow Lake, developed over two phases, has stabilized with a 95% occupancy rate and was recently sold to investors in California. The apartment group purchased a new site in Port Arthur to develop 372 units in 2007 and 2008, this $28 million dollar project is now complete.
He also has recently purchased another 2000-acres north of the City of Katy (KISD) for future development purposes. The Reserve at Monterrey Oaks will include an existing airport and may include a golf course and approximately over 3,000 homes and over 200 acres of commercial development.
Mr. Maxwell stays extremely active in current market conditions for his market area, which is defined by land in of the Greater Houston Region and is confident that this market area will continue to develop faster than other markets around Texas and nation.
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