Friendswood Development Company
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Friendswood Development Company is a real estate development company operating in
Greater Houston Greater Houston, designated by the United States Office of Management and Budget as Houston–The Woodlands–Sugar Land, is the fifth-most populous metropolitan statistical area in the United States, encompassing nine counties along the Gulf Co ...
. The company is a subsidiary of
Lennar Lennar Corporation is a home construction company based in the census-designated place of Fontainebleau, Florida, with a Miami postal address. In 2021, the company was the second-largest home construction company in the United States based on the ...
. 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.


History timeline

* The company was founded in 1962 as a subsidiary of
Humble Oil Humble Oil and Refining Co. is a defunct American oil company founded in 1911 in Humble, Texas. In 1919, a 50% interest in Humble was acquired by the Standard Oil of New Jersey which acquired the rest of the company in September 1959. The Humble b ...
. * In 1963, the company established
Clear Lake City Clear Lake City is a master-planned community located in southeast Harris County, Texas, within the Bay Area of Greater Houston. It is the second-largest master-planned community in Houston – behind Kingwood. The majority of the communit ...
, its first project. * In 1991, the company broke ground on the first new office building in Houston in 5 years. * In June 1995,
Exxon ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, ...
put the company up for sale. * In December 1995, Lennar 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.


References

{{Authority control Companies based in Houston Real estate companies established in 1962 American companies established in 1962 Real estate companies of the United States Former ExxonMobil subsidiaries 1962 establishments in Texas