General Growth's master planned community near Houston being sold

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Written By H. Pike Oliver

Bridgeland - 2009-05-23 - Location mapThe Houston Chronicle reported on May 23, 2009  that the Bridgeland master planned community is being sold.  The  approximately 11,400 acre property is located about 33 miles northwest of downtown Houston and is curently owned by General Growth Properties (GGP), which is currently operating under bankruptcy protection.  The buyer is reported to be the Caldwell Companies. If the transaction closes, the price will reportedly be somewhere between $90 and $100 million--or about $9,000 per acre.  General Growth inherited Bridgeland when it acquired The Rouse Company in 2004.  The firm also owns a 42.5 percent interest in The Woodlands, a 28,000-acre master planned community located about 29 miles north of downtown Houston and about 30 miles east northeat of the Bridgeland site. The Woodlands has been under development since the 1970s.

The Houston Chronicle article was written by Nancy Sarnoff and can be viewed at http://www.chron.com/disp/story.mpl/hotstories/6438105.html

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

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