Houston firm buys Lucia restaurant building, Bishop Arts properties for $170 million<\/a><\/p>\nD-FW is benefiting from population and employment growth, infrastructure investment and sustained housing demand, making the area attractive for Hines, Rob Witte, Hines\u00a0senior managing director said in the statement.<\/p>\n
The western side of D-FW has been growing. Parker County was estimated to have a population of nearly 185,000 people in 2025, an increase of about 25% from 2020, according to U.S. census data. Meanwhile, Fort Worth grew about 12% over the same period.<\/p>\n
\u201cBrown Ranch gives us the opportunity to help deliver new housing at scale in one of the country\u2019s fastest-growing regions, working alongside an experienced group of homebuilders,\u201d Witte said. \u201cIt is an important addition to Hines\u2019 national land development platform.\u201d\u00a0<\/p>\n
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Brown Ranch has been owned by the Brown family for multiple generations who decided it was time to sell the property, said Landry Burdine, designated broker\u00a0of Land Advisors Organization, which represented the Brown family. The family engaged the Land Advisors Organization a couple of years ago to sell the property, Burdine said. The company took the property to market, and Hines won the contest.<\/p>\n
\u201cTheir ability to execute and deliver a good project was really important to the family,\u201d Burdine said. \u201cAnd so we went under contract with them, and then that\u2019s when the real work began.\u201d<\/p>\n
The Fort Worth City Council approved a development agreement with Hines in June to develop the property, which is in the city\u2019s extraterritorial jurisdiction.\u00a0<\/p>\n
Burdine said the project will fill regional needs like road and utility infrastructure. He said Hines has done a good job with its developments across D-FW.<\/p>\n
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\u201cThis is going to be a really nice neighborhood, and a lot of people are going to be excited to live there when it\u2019s all done,\u201d Burdine said.<\/p>\n","protected":false},"excerpt":{"rendered":"Beazer Homes is among the homebuilders for the development. File Photo\/Staff A Houston-based developer announced the acquisition of…\n","protected":false},"author":2,"featured_media":462128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[116,118,117,90037],"class_list":["post-462127","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-worth","tag-fort-worth","tag-fort-worth-headlines","tag-fort-worth-news","tag-tp-residential-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/462127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=462127"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/462127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/462128"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=462127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=462127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=462127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}