The Watermark at Grand Central Park is located within the premier 2,000-acre Grand Central Park master-planned community being developed by Johnson Development in Conroe, Texas. This community includes eight 3-story garden-style apartment homes with a total of 288 units.
Conroe is a rapidly growing submarket within the Houston metro, with the total population increasing at more than 3% annually. This growth, coupled with a lack of multifamily residential, has created significant demand for new apartment homes. The Houston MSA overall has experienced a substantial decrease in supply, dropping by more than 60% as recently as 2018. With population and employment continuing to grow, home values are steadily increasing. The average new single-family house price in the Houston metro is now more than $360,000. These strong market fundamentals have created a more pressing need for new multifamily development.
Grand Central Park offers walkability to retail and other amenities, including the new 336 Marketplace, a 250,000 square foot retail center anchored by an upscale Kroger Marketplace, Home Goods, and Marshalls. Grand Central Park will also have access to the area’s natural amenities of lakes and wooded trails within the larger the Johnson Development community.
With proximity to the TX-336 Loop and I-45, major thoroughfares offer Watermark residents easy access to the local employment centers and various retail and entertainment venues.