
Hines Selected As Developer For 20-Acre Project Elevate Site In Elk Grove
Source: Sacramento Business Journal
Brokers: Ken Turton , Scott Kingston
Houston-based Hines has come on board as the developer for Elk Grove’s bid at creating an urban-style development in the heart of the city.
Elk Grove City Council voted in favor earlier this month of an agreement with Hines for a 20-acre site that the city has dubbed Project Elevate, with housing, retail, office and other components.
Scott Kingston, a senior vice president with Turton Commercial Real Estate, said though dozens of developers nationwide expressed interest in the project, Hines had some attributes that made them the best choice.
“This city is ripe for an iconic and historic project like this,” said Kingston, whose firm represented Elk Grove in finding a master developer. Hines had not only the most detailed and comprehensive proposal, he said, but a track record of doing similar projects, including the comparable West Edge project wrapping up in Los Angeles.