Hines to develop 46-acre planned community in Houston
Hines is to develop a high-end planned community with detached town-home sites, water features and green spaces on a recently purchased 46-acre tract of land inside Houston’s 610 Loop at Interstate 10.
Somerset Green, a European-style neighbourhood, which is in close proximity to Memorial Park, will contain three- and four-story single-family town-homes that will be gated and guarded 24/7.
Hines will master plan the site, design and build all of the infrastructure, and sell the lots to builders for both spec and custom homes.
Coventry Homes, Pelican Builders and Toll Brothers have committed to develop a significant portion of the project. Preston Wood & Associates is the land planner for Somerset Green.
The community will be fashioned after the Regency style of architecture. The development will contain pocket parks, dog parks, and an amenity area/gathering spot with a resort-style swimming pool.
"Hines has developed a number of high-profile master-planned communities including: First Colony in Sugar Land, TX; Las Colinas in Irving, TX; Palencia in St. Augustine, FL; Cool Springs in Franklin; TN; Aspen Highlands and Five Trees Aspen, CO; Pokrovsky Hills in Moscow; and Mala Sarka in Prague," says Hines senior managing director Rob Witte. "We are pleased to bring our expertise to Somerset Green, and to create a new property tax base of up to USD300m for the City of Houston."