peter barnhart

Hey All, My PR firm just alerted me to the fact that the press release had been picked up by this forum and there was some bantering going on so I thought I might weigh in. Towne Lake will be a truly one of a kind community with a completely interconnected lake system that will be 300-350 acres of surface area and probably closer to 400 acre if you include all of the green areas adjacent to the lake. The commerical component at the north end of the Tract adjacent to 290 has the potential to rival a suburban office corridor equivalent to the Woodlands. We need to resolve some of the direct access issues to 290 which we are working on right now. The commercial component to the south end of the tract will feature some high end multif family components, maybe 400-500 Units of the overall total of 7,000-8,000 households in the development. I think it will offer the opportunity for some to live in the community that cannot afford the housing stock. Homes will start in the High 100's and there will be very few of those. The overbuilding of the apartments in the Greenspoint area was a perfect storm scenario where there were more units built than could have been absorbed in a 3 year period much less the worst 3 year period ever in Houston's real estate business. Mr. Football, I dont know who you are but feel free to contact me. Its always good to hear from folks from a long time ago. Peter Barnhart Caldwell Watson Real Estate Group