Major events occurred creating a favorable scenario
for the success of the Newport Subdivisions

• The completion of Beltway 8 and the freeway extension of Highway 90 to intersect the Beltway. The Beltway has made the southeast side of the Lake Houston much more accessible:
  • 30 minutes to downtown Houston and Intercontinental Airport.
  • 20 minutes to the ship channel area.
  • 40 minutes to Hobby Airport.
    Additionally, the Beltway has had a significant impact on the development of the westerly sections of Woodforest Subdivision in Channelview and Summerwood near Humble, both of which front onto the Beltway.
• The current Houston and area economy and the economic recovery of the oil patch is projected to add over 60,000 new jobs annually in Houston for the next 5 years, especially in the eastern section of the city.
• Conversion of Newport Golf Course and Conference Center into a public facility and the renovations to the course and club facilities have created an affordable golf course community.
• The northwest section of Lake Houston is largely built out making the east side of the Lake more attractive.
• The shortage of residential lots available for builders exists throughout the Houston market, especially in the northeast quadrant.
• The cost of the new lots being developed in comparable subdivision is greater than $11,000 per lot with sizes averaging 60' x 100'. The average cost of lot within Newport is anticipated to be about $11,000 with lot sizes averaging more than 80' x 120'.
• Harris County is extending North Diamondhead Boulevard across Gum Gully making the north section of the subdivision more accessible. The start date is projected to be during the 4th quarter of 2001.
• The Crosby ISD has substantially improved its ranking among area schools - making Newport more marketable to families with children.
  
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