Hines starts construction on master-planned community in US

WCN Editorial Team 19 Jul 2021 NORTH AMERICA BUILDINGS

Real estate firm Hines and its partner Trez Capital have broken ground on new master-planned community in Denver in the US state Colorado.

Spread over nearly 800 acres, the Parterre community is located in Thornton, about 20 miles from downtown Denver.

It will comprise single-family, paired homes and multifamily units, as well as a mix of commercial and retail uses.

In total, the development will feature nearly 3,000 residential homes, offering a variety of housing options for homebuyers.  

It features parks, trails, gardens as well as a signature ‘Todd Creek Greenway’, the greenbelt of the community.

Some of the other features of the new development include a community amenity centre with pool, gathering spaces, and work-out facility.

Hines managing director Chad Murphy said: “With this project, we are creating a signature residential development for people, tenants, residents and neighbors to meet, gather, live, work and enjoy life for generations to come.”

The homebuilders’ team for the new development includes Taylor Morrison Homes and Lennar Homes.
New homes are planned to be opened for sale starting in late next year.

Trez Capital Central & Southwestern US president John Hutchinson said: “We are excited to build upon our long-term relationship with Hines and bring Parterre, our 11th project together, to life.”

Last month, Hines partnered with Cresset Real Estate Partners to start construction on Whiteland 65 Logistics Center located on I-65 in Whiteland, Indiana in the US.

The 1.1-million-square-foot industrial project will feature cross-dock configuration, 40-foot clear height, direct I-65 frontage and generous outdoor amenity areas.

Officials from Hines among others during the ground-breaking ceremony of the new community project. Credit: Hines.

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