EDC PURCHASES LAND FOR APARTMENT COMMUNITY EXPANSION

THE WOODLANDS, TEXAS — Eastern Development Co. (EDC) has acquired a 5.8-acre site for the construction of Phase II of The Plantation Apartments, located with The Woodlands master-planned community. The first phase of the project currently comprises 312 luxury apartment units at the corner of Windsor Hills and College Park drives. It features a clubhouse with a swimming pool, a fitness center, a basketball court, a playground, a computer room, a movie screening room and a community meeting room. The second phase of the project will add 120 apartments and a second swimming pool. One-, two- and three-bedroom units will be offered, with apartment sizes ranging from 800 to 1,400 square feet. Covered parking and enclosed garages also will be built as an option for residents. Groundbreaking is expected to occur this month, with completion scheduled for late summer 2009. Steinberg Design Collaborative is serving as project architect. Jim Easterling of EDC represented his company in-house in the land purchase; Greg Jordan of The Woodlands Development Co. provided in-house representation for the land seller. The Plantation Apartments is EDC’s third apartment community to be built in The Woodlands.