Hines Acquires 3000 Acre Development Site In Fulshear For 7000-Home Community

The asset involved in this transaction is a development site located at FM 1093 and Texas Heritage Parkway in the Fulshear market, encompassing approximately 3,000 acres. Hines is planning to develop a master-planned community comprising 7,000 homes. Construction is set to start in 2025, with homes anticipated to be completed by 2027. The community will feature amenities such as a recreation center, trails, and 800 acres of dedicated green space.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Address: FM 1093 & Texas Heritage Parkway
• Market: Fulshear
• Acres: 3,000
• Buyer: Jeffrey Hines & Laura Hines-Pierce - Hines
• Buyer: Douglas C. Yearley, Jr. - Toll Brothers
• Buyer: Kathy Britton & Todd Chachere - Perry Homes
• Buyer: Highland Homes
• Buyer: Stuart Miller & Jon Jaffe - Lennar Homes Village Builders
• Buyer: Coventry Homes
• Buyer: Westin Homes
• Buyer: Newmark Homes
• Buyer: Beazer Homes

This transaction includes several key individuals and companies within the real estate development sector. Hines, Douglas C. Yearley, Jr. from Toll Brothers, and representatives from Perry Homes, Highland Homes, Lennar Homes Village Builders, Coventry Homes, Westin Homes, Newmark Homes, and Beazer Homes were all involved in this significant acquisition for future development.