Plans for the project, being developed on Teague Road south ofInterstate 40 on the former Pine Tree Golf Course, call for an18-hole golf course with clubhouse and sports facility center,6,000 residential units, two hotel sites and 107 acres ofcommercial land. The residential units will be a mix of townhomes,single-family homes and apartments.

Hommel Group acquired the project from a development group ledby Wally Freemon and Jim Brady in October. Terms of the sale werenot disclosed. The New York City-based Kaufman Organizationarranged the sale of the project. "The deal was in its mid-phasewhen Kaufman was brought into the transaction and managed toarrange the sale within seven business days," says the Hommel Groupprincipal Dan Hommel.

Peter Pacific, Monica O'Toole and Daniel Lipton, of the KaufmanOrganization, will handle the exclusive sales of the commercial andretail portions of the project. Locally based D. Joyce Real EstateInc. will handle the sales and marketing of the residentialcomponents. All approvals are in place for the project, which isexpected to take about three to four years to complete.