"We anticipate around 1,000 residential units which couldinclude a mix of single-family, townhomes, condominiums, live/workunits, fractional share units and possibly up to 500,000 sf ofoffice, commercial and retail space," a Hines representative tellsGlobeSt.com. The rep adds the cost figures are not final yet, anddeclined to reveal them.

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

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