HINES - THE BEGINNINGS In the 1940s HINES took flying lessons above the Frost Ranch land in Texas that he would later purchase and develop into "First Colony". When he purchased the initial 7,500 acres in the 1970s for $43 million, it was one of the largest land sales in the history of Texas. FIRST COLONISTS BETRAYED On several occasions residents of high-end enclaves in First Colony loudly protested what they saw as inferior homes being built too close to them. When HINES introduced its "Custom Classics" in 1987, a dozen residents of Sweetbriar, whose homes ranged from $250,000 to $500,000, went to court to fight the new $160,000 homes. And the "value design" homes built in Hall Lake in 1989 also met with protest from other homeowners even though they were comparably priced. Residents decried them as "tract houses" and "square boxes" that would ruin their neighborhood and betray the master-plan concept they had counted on. HINES IN FRANKLIN, TENN Website: "Franklin is working hard to preserve the look and the feel of classic small town America. We invite you to share the results with companies such as APCOM, AT&T, Arrow North America, American HomePatient, CPS, Dialogic Communications Corporation, Essex Group, Georgia Boot, HINES INTERESTS LIMITED PARTNERSHIP, Matrix Exhibits, and Telco. For more information, call us at (615) 790-5450 or fax (615) 790-5759. -Williamson County Economic Advisory Council Bob Iannacone, Director P.O. Box 1132, Franklin, TN 37065-1132. Call today: 1-800-546-4050. HINES IN ATLANTA Cousins is an Atlanta-based, fully integrated equity real estate investment trust. The Company has developed 191 Peachtree Tower in conjunction with HINES INTERESTS - (1.2 million square feet). The Company's major tenant relationships include NationsBank, IBM, The Coca-Cola Company, Georgia-Pacific Corporation, the law firms of King & Spalding and Troutman Sanders, the accounting firm of Ernst & Young and Coca-Cola Enterprises. HINES BUILDS UNIVERSITY OF HOUSTON ATHLETIC TRAINING FACILITY HOK Sport, with development manager HINES Interests Limited Partnership and local architect Kendall/Heaton Associates, is the design and sport architect for the University of Houston's new two-story, 226,000-square-foot athletic training facility. HINES INVOLVEMENT WITH RUSSIAN CIGARETTE MAKER HINES is developing and marketing 'Ducat Place 2', billed to be" the Financial Center of Moscow" on land that was purchased from the Russian cigarette company DUCAT, after the British Company that bought the American cigarette brand Ligget, also bought the Russian cigarette company's factory in moscow. The factory has been torn down and HINES is 'developing' the Ducat Place 2 office block in its place. HINES TEAMED WITH JAPANESE TO BUILD IN DETROIT IN 1990 Kawasaki Steel Corp and Gerald D. HINES Interests, Inc teamed up to build a $200 million, 43-story office building in Detroit, Michigan. The partners' financing will be augmented by bank loans and local government financing.Source Japan-U.S. Business Report April 1990 JEI--Japan Economic Institute HINES IN MARYLAND HINES Interests LP and NY-based Edward J. Minskoff Equities are trying to interest cororations in bulid-to-suit office buildings in Bethesda, Maryland, ouside the beltway near the connector to Interstate 270. ATLANTA BUSINESS CHRONICLE March 17, 1997 Real Estate Notes HINES INTERESTS EXPECTING OK OF DEERFIELD PARK PLANS by Tony Wilbert HINES Interests LP is confident the Atlanta Regional Commission (ARC) will approve plans HINES recently resubmitted for its 338-acre Deerfield Park mixed-use development, Project Manager Rusty Daniel said. "We feel pretty good about it," he said. Deerfield's plans call for 3.5 million square feet of office space, 620 hotel rooms, retail space and 1,300 apartments. HINES announced in November 1996 that it had 554 acres along the west side of Georgia 400 under contract from William B. Orkin and Orkin & Associates. In January, HINES closed on the first 123 acres, paying $7.7 million. HINES' Deerfield proposal was originally scheduled to be heard at the Feb. 26 ARC meeting, but the developer yanked it off the agenda when it appeared the full commission would follow its staff's recommendation to reject the proposal because of possible adverse effects to the water supply of Roswell and other municipalities in the Big Creek watershed. HINES' plans call for constructing on or paving over about 44 percent of the project's land. The ARC recommends having no more than 25 percent of a project's area covered by impervious surface. The next day, HINES resubmitted its proposal after adding plans for a 16-acre retention pond that will collect storm-water runoff for a majority of the park's total 554 acres. Daniel said his company has met with or plans to meet with ARC and state environmental officials and is working with area municipalities, including Roswell and Alpharetta, and parts of Fulton, Forsyth and Cherokee counties. "We're trying to get the municipalities to come together to find out how to maintain good water quality," he said. Daniel said HINES could have ignored the ARC because it's an advisory board and its approval is not necessary for a project to proceed. "We could have just said `fine' and steamrolled over the ARC, but we want to work within the system," he said. All articles copyright of their respective journals. This information reprinted here for educational purposes only.

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