Friendswood Development Company
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.History timeline
- 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.
