Friendswood Development Company
| Company type | Subsidiary |
|---|---|
| Industry | Real estate development |
| Predecessor | Humble Oil (division) |
| Founded | 1962 |
| Headquarters | Houston , United States |
Area served | Greater Houston area |
| Products | Master-planned communities, residential developments |
| Parent | Lennar |
Friendswood Development Company is a real estate development firm functioning within the Greater Houston area and operates as a subsidiary of Lennar.
The firm is primarily recognized for creating Kingwood, a master-planned community spanning 15,000 acres located northeast of Houston, featuring more than 20,000 residences developed over a period of four decades. Additionally, it was responsible for developing the Clear Lake City region near NASA in 1962.
History timeline
- Established in 1962 as a division of Humble Oil (currently known as ExxonMobil).
- Initiated its inaugural project, Clear Lake City, in 1963.
- Began development of the Kingwood master-planned community in 1970.
- Commenced construction on Houston’s first new office building in five years during 1991.
- In June 1995, Exxon announced the company was available for sale.
- Purchased by Lennar for $110 million in December 1995.
- Undertook expansion of multiple communities in 2014.
- Revealed plans for three new communities in northeast Houston in 2015.
- Launched Knoll Park, marking its initial urban development within Houston, in 2016.
- Introduced its third residential project in Houston in 2017.