Modern Home Builder - Winter 2016 - Volume 2 - 141
Coventry Homes, Pelican Builders and Toll Brothers, each of which
has opened sales offices and model homes on the site. The three
are each building within their own separate "community within
the community," though some parts of the development include an
overlap of builders, Stidham says.
"Each of the builders bring their own flavor to the mix and has
different strengths," he explains.
"Toll Brothers is a large national builder known for reliable quality, Coventry Homes is a strong Texas brand and Pelican Builders is
well-known in the Houston market."
Somerset Green is Hines' latest contribution to the Houston
housing market. The company is also the developer of Laurel
Glen, a traditional suburban Houston community on 130 acres.
This prime location, featuring 310 residential lots, is within a mile
of the new Grand Parkway extension and about a 10-minute drive
to Springwoods Village and Vintage Park.
The company's other current projects in the Houston market
include Aris Market Square, a 32-story for-rent multifamily development with 274 luxury boutique-style residences in the city's
downtown. The community is anticipated for completion in 2017.
Hines in 2017 also expects to complete the Southmore, a 24-story
for-rent multifamily development with 255 apartments.
Founded in 1957, Hines is a privately owned international real
estate firm with locations in 199 cities around the world. The
company's U.S. headquarters is in Houston. Hines' portfolio of
projects includes more than 1,200 properties including skyscrapers, corporate headquarters, mixed-use centers, industrial parks,
medical facilities and master-planned resort and residential communities, it says. )
The development includes an amenity center with a swimming pool and
entertainment space, as well as walkable streetscapes, gardens and dog parks.
Winter 2016 Volume 2 www.mhb-magazine.com