(AUSTIN) – Hines, the international real estate firm, announced today that its breathtaking master-planned development Lakeside at Tessera on Lake Travis won the 2019 Best Master-Planned Community from the Austin Business Journal. Each year the Austin Business Journal recognizes Realtors, Builders and Master-Planned Communities as part of its Residential Real Estate Awards.
“We are thrilled to win the 2019 Master-Planned Community of the Year,” said Darlene Louk, Hines Director. “Lakeside at Tessera is more than just a residential development. As the first community of its kind on the north shore of Lake Travis, this award confirms that others see the development as we do. We are very proud that Lakeside at Tessera was selected.”
Lakeside at Tessera is an 875-acre master-planned community located in Lago Vista on the North Shore of Lake Travis. Set at the doorway of the majestic Texas Hill Country, Lakeside at Tessera offers an urban oasis of outdoor recreation that blends unmatched natural surroundings with all of the conveniences of city living. Once complete, the development will contain 2,000 residences. Developed by Hines, Lakeside at Tessera features exceptional designs from the mid-$200s by Gehan Homes, Highland Homes and Wilshire Homes, backed by resort-caliber amenities, access to the highly acclaimed Lago Vista Independent School District and close proximity to key Northwest Austin employment and entertainment destinations.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 214 cities in 24 countries. Hines has approximately $120.6 billion of assets under management, including $66.5 billion for which Hines provides fiduciary investment management services, and $54.1 billion for which Hines provides third-party property-level services. The firm has 128 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,348 properties, totaling over 444 million square feet. The firm’s current property and asset management portfolio includes 512 properties, representing over 223 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.