X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Terrabrook, the developers of the massive Cinco Ranch master-planned community in West Houston, has acquired an additional 1,828-acres of which 180 acres has been set aside for commercial development. The addition of this acreage brings the total development to 7,228 acres.

The 1,828-acre parcel was acquired by Terrabrook from six separate selling entities with six tracts ranging in size from 4.1 acres to 847 acres.

The 180 acres set aside for commercial development will be used for multifamily developments, retails centers, schools and churches. With the added acreage, it is estimated that the total market value of Cinco Ranch will exceed $3 billion.

The new land lies along the west and southwest borders of the Cinco Ranch community.

“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,” says Ted Nelson, vice president of Terrabrook in a statement.

Cinco Ranch ranks second only to the Woodlands in annual new home sales in the Houston area and 12th in new home sales nationwide.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.