SOURCE: The Lakes

March 05, 2008 16:10 ET

Real Estate in South Texas Is Booming

LOS FRESNOS, TX--(Marketwire - March 5, 2008) - The City Council of Los Fresnos, Texas approved a development agreement with the owners of 747 acres on the southeast part of this city of just over 5,000 residents, which contemplates the creation of some 2,200 housing units over the next 15 years. The development, to be known as "The Lakes," is planned for more than doubling the population and tax base of this town just north of the Rio Grande River and just west of South Padre Island. The project plan includes schools, parks, green space, hike & bike trails, and a mix of residential and commercial uses.

Mayor David Winstead stated, "The City is pleased to have worked out an agreement that will assure high-quality growth for our community. The Rio Grande Valley is expected to continue to grow more than the rest of the country, so we knew there would be more development coming. This agreement assures that The Lakes will add value to the City of Los Fresnos."

The Developer representative Bill Hudson commented that it was a pleasant surprise to work with such an astute City Council in Los Fresnos. Developer representative Hudson recognized how very fortunate we are to have Richard Browne's master planning expertise on this project. His many projects have won all the awards nationally and internationally because of their excellence. Browne's focus on quality-of-life components has made his communities (such as The Woodlands north of Houston) the most desirable and livable.

Hudson was the developer of Paseo de la Resaca, a 1,000 acre project in Brownsville, Texas some 7 miles south of Los Fresnos. That project began planning in 1993 and the 2,600 housing units were completed in 2007, with tax-base creation over $250 million.

Contact Information

  • Contact:
    Bill Hudson
    1805 East Ruben Torres Blvd
    Paseo Plaza Center Suite B-20
    Brownsville, Texas 78526