October 19, 2017 9:29 AM ET

Real Estate Management and Development

Company Overview of The Woodlands Development Company

Company Overview

The Woodlands Development Company develops master-planned communities in the Houston area. Its living and working communities provide office, retail, land, multifamily, condominium, residential, and hospitality properties, as well as various amenities for businesses. The Woodlands Development Company was formerly known as The Woodlands Operating Company, L.P. and changed its name to The Woodlands Development Company in January 2005. The company was founded in 1974 and is based in The Woodlands, Texas. The Woodlands Development Company operates as a subsidiary of The Howard Hughes Corporation.

Two Hughes Landing

1790 Hughes Landing Boulevard

Suite 600

The Woodlands, TX 77380

United States

Founded in 1974

Phone:

281-719-6100

Fax:

281-719-6206

Key Executives for The Woodlands Development Company

Chief Executive Officer and President
Age: 62
Co-President
Chief Executive Officer of Interfaith and President of Interfaith
Executive Vice President of Master Planned Communities
Age: 59
Vice President of Human Resources
Compensation as of Fiscal Year 2017.

The Woodlands Development Company Key Developments

The Court Dismiss Lawsuit Against Woodlands Fault-Line

After a four-year legal battle between The Woodlands Development Co. and dozens of Woodlands homeowners who say their houses were negligently built on active fault lines, a Harris County judge ruled in the favor of the developer late last month. The class action lawsuit was dismissed based on the statute of repose, which limits how much time can pass from when the houses were built to when the lawsuits were filed. The 42 homes involved in the case were built in the 1990s and early 2000s. While there are exceptions for situations where the developer knowingly and fraudulently concealed information - such as an active fault line - the judge ruled that there was not sufficient evidence to say that The Woodlands Development Co. did so, according to court documents. The legal battle started when Gordy Bunch, a member of The Woodlands' governing board, blamed The Woodlands Development Co. for negligently allowing his $1.5 million home in the gated Carlton Woods subdivision to be built on surface fault lines that move about a quarter-inch to a half-inch per year, according to geologists hired by the plaintiffs. The Woodlands Development Co., however, maintained that the plaintiffs' claims were without merit. It argued that the company had hired a geologist to study the land prior to allowing development and received information that it was safe to proceed with building on the land. When presenting their case, the homeowners' attorneys pointed to the testimonies of geologists they hired who said their inspection of geological data found that an active fault line, the Big Barn line, ran through The Woodlands - right beneath Bunch's house. A study conducted by Fugro Consultants Inc., a geotechnical engineering company, for the San Jacinto River Authority in 2012, when the authority was preparing to lay water pipeline through the community, identified three fault lines running through the area. The consultants found cracked pavement they say indicates active surface fault lines on Cochran's Crossing Drive, Research Forest Drive, Bear Branch Lane and Texas 242, according to the consultant's report. The report noted that the authority's switch from using groundwater to surface water could slow the movement of the fault. The developer stated that it had already conducted geological studies on the area and found the warning to lack evidence, according to court documents. Judge Randy Wilson dismissed all cases against the development company last month. He also ruled that the plaintiffs would be responsible for paying the developer's court costs.

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