Hines has agreed to develop a 15-acre mixed-use project in India. The Texas-based developer will partner with DLF Ltd., India’s largest development firm, on the Gurgaon project. This is the first project in India for both Hines and Stern. The firms have previously collaborated on several projects in the United States, Mexico and Brazil.
The first phase will include a major 30-story office tower of approximately 860,800 sq. ft. together with ground-floor retail space and a large parking garage. Robert A.M. Stern Architects will develop the buildings on the site. In addition to the office tower, the master plan is likely to include high-end retail shops, restaurant and entertainment venues, a hotel, and landscaped exterior and interior public spaces. The final product may also include serviced apartments and a second office tower. The total mixed-use complex is envisioned to include roughly 2.5 million sq. ft. of construction.
“We are proud that our first development project in India will be in partnership with DLF,” says Daniel MacEachron, managing director of Hines India Real Estate Pvt. Ltd. “Golf Course Road is the premier address in Gurgaon. DLF, Hines and Robert Stern share a vision that this project should be the best-conceived and best-executed project in Northern India.”
Advertisement
