Former student developing award-winning Towne Lake subdivision

Residents will soon be able to boat from their home to work, restaurants and shops at [Towne Lake] (http://www.townelaketexas.com) , a masterplanned community in suburban northwest Houston that Peter Barnhart ‘95, a former Master of Science in Land Development student at Texas A&M, is helping to develop.

Barnhart, who also earned a Bachelor of Building Construction degree in 1993, is a partner with Towne Lake’s developer, [Caldwell Companies] (http://caldwellcos.com) Development Division. The subdivision, located in the Cypress-Fairbanks area approximately 30 miles northwest of downtown Houston, received the 2012 Master-Planned Community of the Year [award] (http://cyfairrealestate.com/blog/greater-houston-builders-association-recognizes-towne-lake-in-two-award-categories/) from the Greater Houston Builders’ Association.

Towne Lake, which has more than 400 homes and a 300-acre lake, is entering a second phase of development, which will include more homes, a boardwalk with eateries, retail establishments and an amphitheater.

The boardwalk, wrote the Houston Chronicle’s Allison Wollam in an Oct. 9 [article] (http://www.chron.com/cyfair/news/article/Towne-Lake-growth-continues-on-waterfront-3932866.php) , is being built on approximately 30 acres in Towne Lake’s commercial area.

“There will also be about 30 slips along the boardwalk for residents to dock their boats while they visit the restaurants, shops or offices,” wrote Wollam. “Construction on the marina area and the first building is currently under way.”

As Caldwell’s key team member identifying properties to acquire and develop, Barnett has honed his financial, construction and marketing skills over a 16-year career in real estate.

Prior to coming to Caldwell, Barnhart was director of sales and marketing, followed by a promotion to regional partner at RealtiCorp Commercial Investment Fund in Greenville, S.C., where he handled complex land development transactions in seven different cities involving more than 4000 acres of land.