Gracepoint Homes has purchased 156 acres near I-45 just south of FM 1488. The land will be used for a new residential development.

The initial phase of The Forest, which is slated to begin homesales in early 2015, will include 65-foot homesites for patio homes and 80-foot properties for traditional single-family homes. A gated section will have quarter-acre homesites for custom-designed homes, said Gracepoint President Tom Cox Jr. Pricing will range from the $600,000s to the millions.

The property is currently used as farm land. It is bordered on two sides by W. G. Jones State Forest, a 1,722-acre forest owned by Texas A&M University. The Forest will also have parks, trails and several lakes.

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