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

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver 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. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
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