Hines said Tuesday it recently acquired a 46-acre property inside the 610 Loop for a new gated residential development.
Plans for the project — Somerset Green at 6900 Old Katy Road — include about 500 three- and four-story single-family townhomes on small lots, as well as community spaces, such as parks and swimming pools.
Map of the New Proposed Master Planned Community in the Houston Area
Infrastructure development is expected to start early next year, followed by the first phase of home construction beginning late next year. Coventry Homes, Pelican Builders and Toll Brothers will be building in the first phase, and Preston Wood & Associates is the land planner for the community.
Hines’ portfolio of master-planned communities includes First Colony in Sugar Land, as well as communities in Irving, Texas; St. Augustine, Fla.; Aspen, Colo.; Moscow; and Prague. The firm also has a variety of projects in the works around the Houston area.
A Hines executive recently discussed plans for many of those projects. The company plans to break ground on its 47-story downtown skyscraper at 609 Main in the first quarter of next year, and construction is likely to start on its inner-Loop 17-story office structure at 2229 San Felipe before the end of the year.
On the multifamily front, Hines is working on a 33-story Market Square development with 289 units at 327,000 square feet, as well as a 25-story project in the Museum District with 250 units and 301,000 square feet.