IHP Capital Partners has entered into an agreement to acquire 1,458 acres in Brazoria County, Texas, for the development of Peachtree, a new large-scale master-planned residential community located near the cities of Alvin and Liverpool. The first phase of the multi-phase transaction has closed, encompassing 206 acres and the development of 535 single-family finished lots, in addition to a community recreation area featuring a lazy river pool and a large outdoor shade pavilion. The full transaction is structured across multiple phases, with closings scheduled approximately every 18 months.
At full buildout, IHP and development partner, Texas-based Scarborough Lane Development, will deliver approximately 3,400 finished residential lots. Peachtree also is planned to feature integrated amenities including retail use, land allocated for the potential use of two future elementary schools, and abundant parks, open space and tree preservation areas that will contribute to the commun
