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PulteGroup Inc. (NYSE: PHM) is developing a 2,500-home community with an active-adult portion outside Sugar Land. The Atlanta-based homebuilder broke ground last month on 980 acres just south of the intersection of FM 2759 and FM 762 in Fort Bend County.
Of that, 626 acres are for the main Ryehill community, which will have homes built by Pulte and Taylor Morrison. Another 294 acres will include 777 homes built by Pulte's active-adult brand, Del Webb, for people 55 years of age and older. That portion will be called Del Webb Sugar Land at Ryehill.