Houston-based developer PinPoint Commercial has announced plans April 24 to break ground on Woodland Creek, a mixed-use development on a 75-acre site near The Woodlands on Sawdust Road, southeast of Sawmill Road.
Woodland Creek, at 1823 Sawdust Road, will feature high-end residential development as well as upscale office and commercial space and some retail, according to a press release. Planned for completion in five or six years, the development could surpass $250 million in value upon completion.
“Our goal is to create a best-in-class mixed-used development,” PinPoint CEO and President John Thompson said. “We are thrilled to begin breaking ground on a beautiful piece of land and look forward to creating an environment that its residents and tenants can be proud of.”
The development will feature two buildings with 444,000 square feet of office space as well as about 52,000 square feet of retail. PinPoint officials said the location could be ideal for restaurants, banks and medical businesses. The development will offer single-family residences, apartments and townhomes, although the amount of residential units planned for Woodland Creek has not been determined.
Some residential development, office space, utilities and street paving could break ground by the third quarter of this year, while commercial projects are in the design and pre-marketing phase.
Woodland Creek will also feature several amenities. Approximately 23 acres of the site, including Panther Branch Creek, will remain in its natural state as a preserve with possible recreational use. The sloping landscape could feature jogging trails and sports fields, PinPoint officials said.
New traffic lanes and signalization will be installed at the intersection of Sawdust and the new Woodlands Field Crossing to accommodate the increased traffic flow.