Roger Galatas Interests

Available Properties

24 Acre Planned "ELR Development"

Property Sold - Assignment Complete

ELR Development, LLC (referred to herein as "Owner") owns approximately 24.64 acres of land sometimes known as the Karnaky tract ("Property") located in the John Taylor Survey, A-547, Montgomery County, Texas. The Owner has retained Galatas Interests, LP and its General Partner Roger Galatas Interests, LLC as its advisor ("Advisor") to assist in managing and marketing the Property.

The Property is favorably positioned for upscale residential development and is surrounded by residential neighborhoods recently developed by The Woodlands Development Company in the Grogan's Forest section of The Woodlands. It is located just a short one mile drive to the west of I-45 along Research Forest Drive and is only 1.5 miles from the heart of Town Center and Market Street offering extensive shopping, dining, and entertainment venues including movie theaters, the Cynthia Woods Mitchell Pavilion and parks for strolling and people watching. The Woodlands, with a resident population of 88,000, is also a major center of employment with some 42,000 jobs including such major corporations as Anadarko Petroleum Corporation, Huntsman Chemical Co., Chevron Texaco, Hughes Christensen and others. Two major medical facilities in the community, Memorial Hermann Hospital and St. Luke's Hospital, are a short drive from the property. Excellent public and private schools, a community college and a University Center conveniently provide educational resources.

The Property offers the added advantage of being within the ETJ of Shenandoah from which governance and municipal services may be obtained with a favorable tax rate for homeowners.

Residential Development Opportunity

  • 24.64 acres approved for residential development
  • Adjacent to neighborhoods in The Woodlands
  • Strategically located near The Woodlands Mall and Market Street in Town Center
  • Utility service available
  • Conroe Independent School District schools and hospital nearby
  • Environmental Phase I complete


Roger Galatas Interests, Advisor
refer to "ELR Development"

2002 Timberloch Place,
Suite 150-A
The Woodlands, Texas 77380

Phone: (281) 367-6283

Locator Map

Aerial of Site

Texas Real Estate Commission Form "Information About Brokerage Services"

This document has been prepared for informational purposes only with the express understanding that it will be used only for this purpose. The document may include certain statements, estimates and projections based on various assumptions which may or may not prove to be correct. Each prospective purchaser should conduct its own investigation of the property and related information. The Owner nor its Advisor make no express or implied representations or warranties as to the accuracy of this information. Owner expressly reserves the right, at its sole discretion, to reject any or all offers to acquire the property or to change price and/or remove from the market without prior notice and will not recognize claims for brokerage commissions, fees, payments or other consideration in connection with sale of the property unless specific written brokerage agreements are approved in advance and executed by owner.

Jan. 2008