The extra land brings Cinco Ranch's total to 7,228 acres. The 1,828 acres were assembled from six tracts ranging in size from 4.1 acres to 847 acres.
The 180-acre commercial component will be used for multifamily developments, retail centers, schools and churches. With the added acreage, it is estimated that the total market value of Cinco Ranch will exceed $3 billion at build-out. The land lies along the west and southwest borders of the Cinco Ranch community. In a prepared statement, Ted Nelson, Terrabrook's vice president, says "with its boundaries along the existing Cinco Ranch site and its location west of the Grand Parkway, the new acreage will fit in seamlessly as we continue to develop the community."
Cinco Ranch ranks second only to the Woodlands in annual new home sales in the Houston area and 12th in new home sales nationwide.
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