IOWA COLONY – Hines has purchased 954 acres along SH 288 to develop Sandy Point, a single-family home master-planned community.
The 2,100 homes will be on lots ranging from 40 to more than 80 ft in width.
Construction is expected to start in the second quarter. The first phase will deliver 400 homes late next year.
Amenities include hike-and-bike trails, five-acre area with a resort-style pool, large playground and clubhouse, as well as parks in future phases.
Dosch Marshall Real Estate represented the buyer. Cushman & Wakefield represented the seller.