ChannelTwoNews Posted April 14, 2023 Share Posted April 14, 2023 https://www.bizjournals.com/houston/news/2023/04/13/hines-sandy-point-iowa-colony-community.html?cx_testId=40&cx_testVariant=cx_27&cx_artPos=0#cxrecs_s "The Houston-based real estate company, along with Trez Capital and several limited partner investors, earlier this month purchased 954 acres of undeveloped land outside Iowa Colony, in southern Brazoria County. The community, to be called Sandy Point, is slated to have 2,100 single-family homes at build-out. Derek Graber with Dosch Marshall Real Estate represented Hines, and David Cook and Meredith Cullen with Cushman & Wakefield represented the seller. Flagstar Bank and Rocky Lai & Associates provided financing. Sandy Point will be located along the western side of State Highway 288 just south of Iowa Colony’s current city limits. The property will be annexed into the city in the next several months as part of a development agreement, Iowa Colony City Manager Robert Hemminger said. Hines plans to offer a variety of lot sizes ranging from 40 to more than 80 feet in width. While Brazoria County requires lot sizes in new subdivisions to be at least 80 feet wide, municipalities can set their own rules." 1 Quote Link to comment Share on other sites More sharing options...
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