Cinco Ranch has won the Houston Business Journal’s 2011 Landmark Award for Residential Development, with judges citing the Katy community’s 20-year track record and recent acquisition of 492 acres for expansion as key factors in the win.
“Landmark projects are those that continuously improve the look, feel and image of Houston,” says HBJ Publisher John Beddow in a written statement. “Our panel of six judges based its discussions and decisions on questions such as, ‘What was the impact of the project?'”
The HBJ noted that with 817 new-home sales in 2010, Cinco Ranch led the Houston area in new home sales during a challenging economic year. It also reported that Cinco Ranch first opened in 1991 as a 5,000-acre community and has expanded several times to keep up with demand. The purchase of 492 acres in 2010 increased Cinco Ranch to 8,092 acres and provides land for 1,200 additional homesites.
The Landmark judges also cited the success of LaCenterra at Cinco Ranch, a 34-acre town center filled with national retailers and local boutiques. LaCenterra’s developer, The Vista Companies, is planning a second phase that will include Class A office space and loft apartments.
“As Cinco Ranch celebrates its 20th birthday and the grand opening of its new model home village this spring, we deeply appreciate the recognition bestowed by the HBJ Landmark award,” says Heather Gould, marketing director for Newland Communities, developer of Cinco Ranch.
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