When Exxon Mobil Corp. announced it was building a new corporate campus in 2011, residential developers and homebuilders saw an opportunity in the suburbs north of Houston.

In late 2012, Toll Brothers Inc. (NYSE: TOL) and Cernus Development LLC purchased 692 acres off Riley Fuzzel Road and the Grand Parkway for a new luxury community called Woodson’s Reserve. The joint venture between the Horsham, Pennsylvania-based luxury homebuilder and the Houston-based developer planned more than 1,000 homes…

Houston Biz Journal
Photos: Luxury community north of Houston to add patio home section