Contruction Today - July/August 2017 - 42
Residential | INTEGRATED REAL ESTATE GROUP - WOODLAND LAKES
A Brilliant Blend
WOODLAND LAKES BRINGS AN URBAN-STYLE DEVELOPMENT TO THE SUBURBS OF HOUSTON.
has built and developed
more than 15,000 units,
including for senior housing.
ntegrated Real Estate Group (IREG)
is flexible when it comes to its developments, Vice President Kenneth W.
Fambro II says. "We're not like a master
builder where we only do a certain type of
deal," he says. "We don't mind modifying
something to make it work."
One of the company's current projects,
Woodland Lakes, will bring together many
different project types in a 65-acre master-planned community in Houston. This
will include 340 units of multifamily housing, a senior housing development with 320
units and an assisted-living development.
Woodland Lakes also will have a development for residents 55 and older and a
20,000-square-foot portion to be occupied
by restaurants and a medical office. IREG
also has sold a parcel of land to The Church
of Jesus Christ of Latter-Day Saints, and
CONSTRUCTION-TODAY.COM JULY/AUGUST 2017
another to Springstone Inc., a developer of
When finished, Woodland Lakes will be
a master-planned community "that really
blends a lot of demographics," Fambro
says. "That's going to be a great feature of
the community that you usually see in an
IREG also plans to add a small grocery
store to the community where residents can
easily pick up essentials, such as milk and
bread. "We're trying to be as urban as we
can in the suburban setting," he says.
IREG was drawn to develop Woodland
Lakes due to its location, which had once
been considered for a corporate campus by
"It's north of the Woodlands," Fambro
Integrated Real Estate Group
- Woodland Lakes
* Location: Houston
* Scope: 65-acre master-planned
"We're not like a master
builder where we only do a
certain type of deal."
- Kenne W. Fambro II, vice president
says, noting that not many multifamily
projects have been developed in the region.
The developer initially went into the
market looking for sites where it could
build multifamily and senior housing. "We
found this one and really decided to bring