(Houston, TX – Nov. 13, 2018) Concourse Development, a Houston-based firm celebrating three years of successful residential and commercial development, has hit a number of milestones this year including a growing portfolio, booming sales and prestigious awards.
Founded in 2015 by longtime business partners Harry Masterson and Jordan Mack, Concourse completed $65 million of transactions in 2018 alone.
In 2018, the company managed four active, large-scale projects, including Woodridge Forest in Porter, Woodson’s Reserve in Spring, a new community in Porter and Deer Run Meadow in Richmond.
Totaling 1,400 acres, the projects have combined development budgets of $215 million and will yield roughly 3,000 residential lots and 90 mixed-use acres for commercial use over the next seven to eight years.
Two of the master-planned communities — Woodson’s Reserve and Woodridge Forest — have seen a significant uptick in sales this year, experiencing their best year of sales so far.
In 2018, Woodson’s Reserve’s sales have increased 65 percent over the previous year. Much of the success can be attributed to Acquisition and Development Manager Jonathan Schumann.
Woodridge Forest has sold 332 homesites to date and 2018 sales have increased 52 percent over 2017. Vice President of Development Steve Tennis has been the driving force of Woodridge Forest’s success.
Concourse recently started development on a 268-acre tract for Perry Homes in Porter adjacent to Woodridge Forest. The community name will be announced next year. It is expected to open mid-2019.
“Our development team is one of the best in the industry,” said Mack, founding principal of Concourse. “Their experience, knowledge and dedication are the reason our communities have attracted the nation’s leading builders as well as home buyers looking to live in exceptional master-planned communities.”
In addition to Masterson, Mack and Tennis, the senior development team includes Land Acquisition and Development Manager Jonathan Schumann and Director of Marketing Jaime Virkus.
Virkus was recently honored by the Greater Houston Builders Association (GHBA) with the 2018 Sales & Marketing Council Board Member of the Year and Women’s Council Of Realtors Lake Houston Affiliate Volunteer of the Year. Woodson’s Reserve also took home a trophy in GHBA’s Houston’s Best PRISM Awards for 2018 Community Recreation Center of the Year.
Strong growth and awards are barometers of success, but Mack and Masterson also encourage members of the team to volunteer in the community. Masterson himself is a board member for Scenic Houston, whose mission is to preserve and enhance the visual character of Houston.
“The Houston community has given so much to us,” Masterson said. “Whether it is sitting on charity boards or organizing fundraisers, Houston’s success is our success. We look forward to both continuing for years to come.”