Real-Estate Company Seeks to Expand Market Presence
AUSTIN – Hillwood Communities, a Perot company, announced today the appointment of real estate professional Duke Kerrigan as general manager of its Austin region.
Duke, who earned his Business Administration degree in Finance from Texas Christian University, has a background in real estate acquisitions, securing entitlements, project capitalization, project management, strategic planning and sales and marketing.
He was most recently a director at Hines, where he was employed for over a decade. Duke will oversee Hillwood’s master-planned community projects and future acquisitions and developments in Austin.
Hillwood launched its latest project in Austin with the groundbreaking of Georgetown’s largest master-planned development, Wolf Ranch, a 755-acre tract on Highway 29 and Interstate 35 in December 2015. The $700 million project will entail a master-planned community of 1600 single-family units that feature resort style amenities and space for new retail venues and restaurants.
“Having Duke join our team was a strategic and timely move for Hillwood,” said Fred Balda, president of Hillwood Communities. “His extensive experience in the industry will help us immensely in pursuing our plans to grow in Austin, the fastest growing city in the United States, and to continue to provide first-class communities to its residents.”
About Hillwood
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master planned communities. From single-family homes to high-end luxury vacation residences, Hillwood’s residential communities embrace the company’s LiveSmart principles, creating a sense of community while integrating technology, healthy living, environmental stewardship and education.
Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, to the Perot Museum of Nature and Science and the American Airlines sports arena in Dallas. For information, please visit www.hillwood.com.
Real-Estate Company Seeks to Expand Market Presence
HOUSTON – Hillwood Communities, a Perot company, announced today the appointment of real estate industry veteran Russell (Russ) Bynum as general manager for its Houston region.
Russ, a civil engineer who earned a master’s degree in business administration from the University of Houston, has a background in acquisitions, land development, project management, contract negotiations, third-party coordination, agency consultation and financial analysis.
Russ, most recently vice president of land development with homebuilder Taylor Morrison, will oversee Hillwood’s master-planned community projects, as well as future acquisitions and developments in Houston.
Hillwood’s latest project in Houston is Pomona, another LiveSmart community that focuses on Lifestyle, Healthy Living, Education, Environmental Stewardship and Technology. The 1,000- acre development is conserving 300 acres, which will be devoted to green space and running trails. The home prices range from the $360s to $600s. Resort-style amenities, including pools, a playground and open-air cabanas, will be ready this fall.
Pomona will also offer a “Fish Camp,” a fishing pier on the lake that will offer catch-and-release fishing for its residents.
“Russell’s wealth of knowledge and experience in land development is a huge plus for our team as we grow our business in Houston and establish our brand of LiveSmart master-planned communities in this market,” said Fred Balda, president of Hillwood Communities.
About Hillwood
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master planned communities. From single-family homes to high-end luxury vacation residences, Hillwood’s residential communities embrace the company’s LiveSmart principles, creating a sense of community while integrating technology, healthy living, environmental stewardship and education.
Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, to the Perot Museum of Nature and Science and the American Airlines sports arena in Dallas. For information, please visit www.hillwood.com.
Hillwood Communities, a Ross Perot Jr.-owned company, has sold 120 acres within its Union Park master-planned community in Little Elm to a developer that plans to build a 600-home senior living community.
Del Webb, a Pulte Brand builder, plans to build the senior living community to replace its successful Frisco Lakes community.
The age-restricted community will be developed within the master-planned Union Park project, with exclusive amenities separate from those within Union Park.
This “innovative and efficient deal,” will work well for both parties as the two developers become neighbors, said Fred Balda, president of Hillwood Communities.
The Del Webb community is designed for those 55 years and older, appealing to pre-retirement and retiring baby boomers.
To read the full article, click here.
Representatives from Hillwood Communities, the city of Georgetown, Williamson County and the Wolf family gathered Dec. 10 to break ground on Wolf Ranch, a 755-acre master-planned community.
The project, located near the Hwy. 29 and I-35 intersection, will include more than 1,600 single-family homes and 900 multifamily units upon build out as well as 140 acres of green space with community parks and trails.
Dallas-based Hillwood Communities acquired the land from the Wolf family in 2014.
“I love this land,” said Iva Wolf McLachlan, managing partner of the Wolf Legacy partnership. “By choosing Hillwood we are fulfilling our responsibility of being good stewards of the land.”
McLachlan’s father, Jay Wolf, began purchasing the property in 1950 after moving his family to Georgetown so he could attend Southwestern University, she said.
The family’s history inspired portions of the development, including a park to be known as Barefoot Park that was named after a story about McLachlan’s father who did not own store-bought shoes until he was 12 years old, McLachlan said.
To read the full article, click here.
Master-Planned Development will deliver
high-quality housing, economic growth
DALLAS – Hillwood Communities, a Perot company, hosted the groundbreaking event of the Wolf Ranch property at 11 a.m. Thursday, Dec. 10, kicking off what will be Georgetown, Texas’ largest master-planned development.
Georgetown Mayor Dale Ross, Williamson County Commissioner Val Covey, and Hillwood Communities executives – including President Fred Balda and SVP Brian Carlock attended the event. Please let me know if you would like me to arrange interviews with them.
The 755-acre tract on Highway 29 and Interstate 35, in Georgetown, is in close proximity to the Wolf Ranch Town Center and a short drive from Austin. Hillwood acquired it from the Wolf family (owners of the property for 65 years) in 2014.
The $700 million project will entail a master-planned community of 1,600 single-family homes and 900 multi-family units that feature resort-style amenities and space for new retail venues and restaurants. It also includes 140 acres of green space with multiple community parks and several miles of trails. The new community will be served by Georgetown ISD.
The first phase of homes will be completed in early 2017. The transaction was conducted between Hillwood Communities and the Wolf family’s representative, Iva Wolf McLachlan.
“After 65 years of owning and managing the property, we had a commitment to identify a quality developer who would exercise wise stewardship of the property’s vast potential. Strong interest from high caliber developers and a strategic location in the second fastest growing city in the nation converged to create a compelling vision of the development with a far reaching impact on the city of Georgetown,” said Iva Wolf McLachlan, managing partner of the Wolf Legacy partnership. “We believe Hillwood is clearly the best developer for this exceptional tract of land. Our decision to choose Hillwood was based on extensive research and on-site tours of Hillwood’s other outstanding master-planned residential communities. Also, we felt a strong identity with Hillwood's values. As I have worked with Hillwood’s key executives over the past three years, I have developed great respect for their professionalism and approach to development.”
The new community will be built using Hillwood’s LiveSmart principles: Sense of Community, Technology, Healthy Living, Environmental Stewardship and Education & Enrichment.
“This will be the largest master-planned community in Georgetown, and we are humbled and excited that the Wolf family chose us to develop this esteemed land,” said Brian Carlock, senior vice president, Hillwood Communities. “We look forward to developing a first-class community and partnering with the city and the Wolf family to drive phenomenal economic impact in the city of Georgetown.”
The expected price range of homes is $275,000 to $500,000 and the builders are Drees Custom homes, Coventry Homes, David Weekley Homes, Wilshire Homes and M/I Homes. Wolf Ranch is expected to house 4,000 residents once the development is completed.
“Austin is world-famous for its rapid growth in attracting innovation and driving technological advancements in our nation,” said Ross Perot Jr., chairman of Hillwood and The Perot companies. “We are pleased to be partnering with the Wolf family in developing this legacy land into a high quality master-planned community.”
About Hillwood
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master planned communities. From single-family homes to high-end luxury vacation residences, Hillwood’s residential communities embrace the company’s LiveSmart principles, creating a sense of community while integrating technology, healthy living, environmental stewardship and education.
Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, to the Perot Museum of Nature and Science and the American Airlines sports arena in Dallas. For information, please visit www.hillwood.com.
Hillwood Communities, a residential development company owned by Dallas businessman Ross Perot Jr., has purchased 400 acres in the Colin County town of Celina for a new community.
The property at the northeast corner of Coit Road and Frontier Parkway was acquired from the Wells family, which owned the land since before the Civil War.
Hillwood plans to build a $500 million, 1,250-home community on the property that will include parks, walking trails and sites for new retail and restaurants.
To read the full story, please click here.
Hillwood Communities — a Ross Perot Jr. company — has acquired 400 acres from the Wells family in Celina with plans to develop a $500 million, 1,250-home master-planned community.
Terms of the acquisition were not disclosed.
The Wells family had owned the land at the northeast corner of Coit Road and Frontier Parkway near Preston Road since before the Civil War. David Davidson Sr. brokered the land deal.
To read the full story, please click here.
Master-Planned Development will deliver
high-quality housing, economic growth
DALLAS – Hillwood Communities, a Perot company, today announced it is moving forward with a new residential community, acquiring 400 acres that have been in the same family since before the Civil War.
The land, which Hillwood acquired from the Wells family, is along the Preston Road corridor, at the northeast corner of Coit Road and Frontier Parkway, in Celina, Texas. David Davidson Sr. served as the broker for the transaction.
The project will entail a master-planned community of 1,250 single-family homes that includes resort-style amenities, multiple community parks, miles of trails as well as space for new retail, restaurants and other retail venues. The new community will be served by Prosper ISD.
“We are very excited to have the premier developer Hillwood develop a significant portion of our land,” said Celina Mayor Sean Terry. “Hillwood was our preferred developer because of their strong reputation and we are fortunate that they will be one of our first developers in the city. ”
“What makes them a quality developer is their willingness to listen to the community and develop land that aligns with the culture of the neighborhood and creates an inviting community,” he said. “Our experience has been smooth and professional with Hillwood and we look forward to many more partnerships with them in the future.”
Hillwood plans to break ground on the development in January 2016, with the first phase of homes being completed early in 2017. The transaction was conducted between Hillwood Communities and the Wells’ family sisters, Marianne Wells, Katherine Wells Power, Nancy Wells Warder and Sarah Wells Macias.
Family members said they selected Hillwood because of its great reputation of developing first-class properties and its long-lasting and mutually beneficial partnerships with the sellers and community stakeholders. Also, they cited the Perot family’s deep history and contributions in North Texas, as well as its reputation for first-class developments.
“What we like is that they (Hillwood) don’t use a cookie-cutter approach,” said Marianne Wells, one of the landowners. “We decided to go with Hillwood because they are sensitive to the land and its history and that’s when we knew we couldn’t find anyone better (to sell the land to). “
Another motivating factor, she said, was the experience of Hillwood associates. “It was impressive that the average tenure of the people we worked with was 20 years,” she said.
The new community will be built using Hillwood’s LiveSmart principles: Sense of Community, Technology, Healthy Living, Environmental Stewardship and Education & Enrichment.
“Celina is poised to benefit from the tremendous growth happening in north of Dallas,” said Brian Carlock, senior vice president, Hillwood Communities. “We are pleased that the Wells family selected us as their partner and we look forward to building a new community that will enrich this region and community.”
The expected price range of homes is $300,000 to $500,000. The development’s expected contributions towards the city’s tax base will exceed $500 million at build out.
“North Dallas is attracting high profile company headquarters from around the world and this new community will benefit from that growth,” said Ross Perot Jr., chairman of Hillwood and The Perot companies. “We are pleased that the Wells family has placed the trust in us to develop a first-class community for the residents of Celina, Texas.”
About Hillwood
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master planned communities. From single-family homes to high-end luxury vacation residences, Hillwood’s residential communities embrace the company’s LiveSmart principles, creating a sense of community while integrating technology, healthy living, environmental stewardship and education.
Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, to the Perot Museum of Nature and Science and the American Airlines sports arena in Dallas. For information, please visit www.hillwood.com.
Here's an amenity that's hard to beat: Purchase a home in Union Park and you can enjoy your own food truck park.
The Hillwood Communities master-planned development is located off State Highway 380 and across from the new Denton ISD Braswell High School, which is set to open in August. Union Park will home an on-site elementary campus, according to a news release.
“The kids can go enjoy the food from the food truck park after school,” said Fatima Ali, a Hillwood Communities representative. “I think it’s fantastic and a true selling point for the development.”
Hillwood Communities, which opened the first phase of its 757-acre development to homebuyers this week, will offer provide space for six food trucks set up with power next to a large indoor/outdoor pavilion and event lawn. The development will provide seating and open space in the park for people to eat. The amenities will be complete in April.
To read the full article, click here.
Dallas Morning News: Hillwood Residential’s new Harvest community north of Fort Worth received the Urban Land Institute’s innovation award for its “Live Smart” principles and environmentally friendly development. See full story.
