417 acres devoted to recreational amenities, including an approximately 70 acre lake and park system, swimming, tennis courts sand vollyball courts, sports fields and playgrounds. Houses Ranging From: $250,000s - over $500,000. In 2002, Newland Communities purchased a 2,018 acre tract along Hwy 59 at University Blvd from the state of TX. This master planned community will offer a new dimension in community development with a tapestry of landscaped neighborhood squares. Residents will have communal places for gathering under shady live oaks and fragrant magnolias. This Southern concept is derived from one of the oldest oak lined squares in Savannah, Georgia. But in Fort Bend County, Telfair will encompass a residential community of 4500 homes, with the first homes scheduled for completion in spring 2006.