"We anticipate around 1,000 residential units which could include a mix of single-family, townhomes, condominiums, live/work units, fractional share units and possibly up to 500,000 sf of office, commercial and retail space," a Hines representative tells GlobeSt.com. The rep adds the cost figures are not final yet, and declined to reveal them.

The project will be incorporated into the Pine Needles and Mid Pine golf resorts. Pine Needles golf resort was ranks No. 3 in the state and will host the 2007 US Women's Open Championship in June. The planned development and the golf resorts are located along US Highway 1 in Southern Pines, adjacent to the Village of Pinehurst.

"Everyone we've dealt with at the Hines firm shares the same core beliefs as our company," explains Kelly Miller, president of Pine Needles, in a statement. "We needed a partner that understood the history of our properties and the history and sense of place that Southern Pines and Pinehurst represent around the world."

Hines project manager Lane Gardner says groundbreaking is expected in the first quarter of 2007, with preliminary master planning and entitlements currently under way. "The development should be in full swing by the Open Championship, and we anticipate project completion in five to seven years."

Other notable developments by Hines include Cool Springs, a 1,050-acre development in Franklin, TN; Deerfield, a 550-acre development in Alpharetta, GA; and Palencia, a 2,300-acre development in St. Augustine, FL. Cool Springs is rising adjacent to the Cool Springs Galleria Mall in suburban Nashville. When complete, it will feature multifamily and single-family units, office and retail, with three million sf of net rentable office space and 2.3 million sf of net rentable retail space. Deerfield is zoned to accommodate up to five million sf of office space, 700,000 sf of retail space and 1,700 multifamily units. Palencia will encompass a mix of residential units, 900,000 sf of retail and office space, and a golf course.

Instant Insights /

Hines Partners on 550-Acre Mixed-Use Project

Related Stories

Recommended For You