In 2011, Hines, on behalf of its Hines CalPERS Brazil Fund II (HCB II), approved a new 180,000-square-foot residential development project in Manaus, the capital of the state of Amazonas. Located in the popular Ponta Negra neighborhood, the project will encompass 336 affordable for-sale residential units in 21 four-story buildings. The project was developed and built in partnership with RD Engenharia.