Hines Interests LP, best known in Greater Washington for its large-scale office and mixed-use projects, has acquired roughly 800 acres in southern Loudoun County for a planned single-family community.
Houston-based Hines, developer of CityCenterDC, has partnered with Sumitomo Forestry Co. Ltd., parent company of Dan Ryan Builders, to buy Hartland, Hines announced Wednesday. The sprawling property sits west of Fleetwood Road, on the north side of Route 50 in the Blue Ridge District.
The seller is an affiliate of Timber Ridge Management, the developer of nearby Willowsford. The price was not disclosed. Timber Ridge is listed in public records as having bought the property for $101 million in March 2019.
Timber Ridge said it worked to plan and engineer the site for nearly two years in preparation for the initial phase of the project. Hartland will include 775 single-family detached homes, community amenities, open spaces and trails, and a winery. Home lots have been presold to Dan Ryan…Read the full story from the Washington Business Journal.