In a strategic move that is set to reshape the real estate landscape in Waller, Texas, Hines, a prominent residential developer based in Houston, is gearing up to build a 1400-home master-planned community. This ambitious project is destined to become a cornerstone of the Waller community, offering a premium living experience to its future residents.
Hines, in partnership with Vancouver-based Trez Capital, Southlake-based Caravel Ventures, and Tokyo-based Sumitomo Forestry, has acquired 528 acres of prime real estate at the southwest corner of Castle and Binford roads, located in the northwestern region of Harris County. The vision is to transform this extensive tract of land into a vibrant and thriving residential community.
The Hines’ master-planned community will be thoughtfully designed, featuring a 4.7-acre recreation center complete with a clubhouse, a resort-style pool, and a spacious playground, all contributing to a well-rounded lifestyle for the residents. Moreover, the community will offer an extensive network of hike-and-bike trails, ensuring ample opportunities for outdoor activities, as well as over 130 acres of green space, preserving the natural beauty of the surroundings.
One of the standout features of this development is the inclusion of a school within the Waller County Independent School District. This not only adds educational value to the community but also emphasizes Hines’ commitment to providing a comprehensive living experience for its residents.
Construction timeline of Hines’ 1400-home community in Waller
The construction timeline is set to kick off in December, with the initial phase comprising 350 homesites. The project is expected to conclude by the summer of 2025. Several renowned homebuilders, including Chesmar, Brightland Homes, Tri Pointe, and Highland Homes, are onboard to contribute their expertise and craftsmanship to this transformative project.
The decision to invest in the Waller area is underpinned by compelling factors, according to Carson Nunnelly, the managing director at Hines. He explained, “Waller is expected to see a major increase in population over the next five years, as growth continues to push northwest and limited vacant land remains in the surrounding submarkets. This poses an appealing opportunity for us to deliver a high-quality master-planned community with diverse product offerings. We look forward to working alongside our partners to meet the demand for high-quality, yet cost-effective housing options in this prime submarket.”
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While the seller’s identity remains undisclosed, the transaction closed successfully in September. According to the Harris Central Appraisal District, the acquired land previously belonged to KSA Industries Inc. and Bud Adams Ranches Inc., an affiliate of KSA Industries. The real estate deal was orchestrated with the assistance of Bill Byrd of Colliers, who adeptly represented the seller and facilitated the transaction.
Situated less than 2 miles north of Waller High School and a little over 2 miles from Highway 290, this1400-Home community in Waller promises to offer convenient access to essential amenities and transportation hubs, enhancing the overall quality of life for its future residents.
Waller County has experienced remarkable growth, with its population expanding by 9 percent between 2020 and 2022, according to data from the U.S. Census Bureau. This dynamic growth trend underscores the immense potential of the U.S. Highway 290 corridor, making it a highly sought-after location for developers and homebuyers alike.
Hines’ visionary plan to build a 1400-home master-planned community in Waller signifies a significant milestone in the region’s real estate landscape. As Waller County continues to thrive and evolve, this master-planned community is poised to offer a new standard of living, combining natural beauty, convenience, and high-quality housing options, all within a growing and vibrant community. The future of Waller is about to get even brighter, thanks to Hines’ commitment to creating a thriving and sustainable living environment.
