THE WOODLANDS OPERATING COMPANY, L.P.
CHANGING ITS NAME TO REFLECT
NEW FOCUS
THE WOODLANDS, TX – (January 20, 2005) – The Woodlands Operating Company, L.P., developer of The Woodlands, Texas, is changing its name to The Woodlands Development Company and adopting a new logo, according to Thomas J. D’Alesandro IV, president and CEO.
“We’re turning over a new leaf after 30 years of development,” D’Alesandro said. “The new name and graphic identity reflect our renewed focus on the business of developing superior environments where people can enjoy living, working, playing and learning in harmony with nature. Rather than operating other entities, the Company’s manpower and resources will be devoted to refining and enhancing the master plan for The Woodlands community.
“This new corporate strategy makes it possible for our Company to increase profitability while continuing to build new homes, parks, shopping centers, roads and office buildings to stimulate job creation, home sales and an improved quality of life for present and future residents of The Woodlands.”
Future development projects include the urbane Town Center, an 800-acre “downtown” anchored by The Woodlands Waterway™, a mile-long transportation corridor and water amenity that links office buildings, shopping, dining, urban residences, entertainment and culture. Also in development is the East Shore community, a new enclave bordering Lake Woodlands that will be the “garden district” of Town Center. In the western portion of The Woodlands, development continues in the Terramont area of the Village of Sterling Ridge.
The largest project in development is Creekside Park, the eighth and final village in The Woodlands. The 3,151-acre village will include the largest park in the Houston area at 1,700 acres. The park will border Spring Creek for seven miles, and will eventually link to the Spring Creek Greenway Project, a cooperative effort between Harris and Montgomery Counties to create a 25-mile trail and park system. Plans being considered for Creekside Park include canoeing and kayaking, hiking, botanic gardens and a Nature Center.
Slated to welcome its first residents in 2007, Creekside Park Village will include over 5,000 residences in a variety of styles and price ranges, a village shopping center, schools and places of worship, similar to the other residential villages in The Woodlands.
Creekside Park Village also encompasses Carlton Woods-Creekside, a 500-acre expansion of the gated community of Carlton Woods located in the Village of Sterling Ridge. Lots are now for sale in Carlton Woods-Creekside, which features a championship Tom Fazio golf course. The community of Carlton Woods in Sterling Ridge has a Jack Nicklaus Signature course as its centerpiece. The private Nicklaus/Fazio combination at Carlton Woods will be the first of its kind in the country.
“Our Company is proud of its history and the fact that The Woodlands is emulated as a model for master-planned community development,” D’Alesandro said. “As we progress into the future, our new perspective will enable us to broaden our scope to offer urban environments, innovative amenities and more green space than most communities in America.”
The Woodlands is a 27,000-acre master-planned community located 27 miles north of downtown Houston.
