Hines, the global real estate firm, along with partners Trez Capital, Caravel Ventures, and Sumitomo Forestry, has closed on 850 acres in Houston to be developed into Brookewater, a master-planned community.
Located in the suburb of Rosenberg, Brookewater will consist of approximately 2,400 single-family homes, varying in lot sizes, with a planned school site, and robust amenity offerings such as a resort style water amenity, more than 200 acres of parks, recreation, lakes, open space, walking trails, nature preserves, and playgrounds. Phase I of Brookewater will consist of approximately 400 lots and will be built by Highland, Perry, David Weekley, Gehan, Chesmar, and Westin Homes. The homes will be a variety of sizes and styles, with fresh design and innovative craftsmanship at the forefront.
Located off Highway 59, the community offers a suburban ambiance with direct access to Greenway Plaza and Downtown Houston – only a 30-minute drive time to Katy, Sugar Land, Greenway, and the Galleria. The Fort Bend Transit System is only five miles away and commuters can take advantage of the shared-ride service for Rosenberg residents that offers weekday service to the TMC, Greenway Plaza, and the Galleria. Residents will also experience extensive walking trails throughout the community, with greenbelts, lakes, and detention ponds that provide connectivity from north to south.
Brookewater is Hines’ largest lot development project in Houston since First Colony, its 9,700-acre master-planned community with a current population of more than 60,000 in Sugar Land, Texas. First Colony is also located off U.S. 59, just down the highway from the new Brookewater site. Previously, Hines has partnered with Trez Capital, Caravel Ventures, and Sumitomo Forestry for Mirador, a master-planned community in Southeast Austin.
Construction on Brookewater is anticipated to begin this year with the first phase expected to deliver in 2024. This transaction was led by Hines Director Carson Nunnelly.