Originally posted on Cy-Fair Real Estate

General Growth Properties, the previous developer of Bridgeland in Cypress, recently came out of bankruptcy.  As part of its bankruptcy reorganization, General Growth created a spin-off company called Howard Hughes Corporation.  According to the GGP news release:

The Howard Hughes Corporation is now a standalone preeminent developer and operator of a diversified portfolio of master planned communities and long-term mixed-use properties.

This “portfolio of master planned communities” includes Bridgeland and The Woodlands in the Houston area.

At the time of this writing, the Howard Hughes stock is up 40% since it starting trading on November 10, 2010 which is good news for the company and its developments like Bridgeland.

Bridgeland was on a bit of shaky ground in 2009 with the pending and eventual General Growth bankruptcy.  There were questions on if the land would be sold off in parts which would have been bad news for the home value of residents.