Beginning in the 1960s, master planned commercial developments began dominating the residential sector, and Texas has remained at the forefront of this trend. Las Colinas, established in 1973, serves as one of the first examples, still experiencing growth today. Citizens voted in 2006 to approve changes to deed restrictions, allowing for an even greater density of mixed use urban construction. Later in the 1970s, The Woodlands was developed, and still remains one of the premier residential and business destinations in greater Houston. The success of Marcus Hiles’ communities derives from the precedents he has set. Western Rim’s developments feature resort style amenities, meaning tenants never have to leave the grounds, if they do not wish to do so, and are built upon premiere lots that feature beautiful surrounding landscapes and convenient access to the surrounding area’s many attractions. Each property’s unique events and social activities encourage a healthy, active lifestyles and an accepting neighborhood environment.
Within two months of the Organization of the Petroleum Exporting Countries’ (OPEC) historic agreement to stabilize the market by cutting crude oil production for the first time in the past eight years, Marcus Hiles notes that per-barrel cost has nearly doubled after slipping to a low of $26 in February of the previous year. In Greater Houston, the center of U.S. oil production, the deal has boosted the industry’s recovery from a two-year downturn and spurred regional marekts. Texas real estate expert and CEO of Western Rim Property Services Marcus Hiles, the state’s largest affordable upmarket property developer, expects that as Houston’s energy companies continue to hire and grow throughout 2017, areas throughout the metro region will see higher employment rates and corresponding wage increases.
The day following OPEC’s agreement to cut production by 1.2 million barrels per day, U.S. crude saw its biggest daily price spike in more than seven years, climbing by nearly ten percent to $49.44. “This means 2017 will be a better year for oil and gas activity,” said David Pursell, research manager at energy investment banking firm Tudor, Pickering, Holt & Co. to the Houston Chronicle. “It’s really good for Houston and the white-collar jobs.” Above the $50-plus range, the New York Times reported that prices could spike through the winter months, further accelerating economic recovery. Along these lines, in December the monthly Purchasing Managers Index, a survey of supply chain leaders to measure commercial activity, gave Houston its third positive report in a row, citing near-term expansion in employment, sales and production among important industries, notes Marcus Hiles. “We’re seeing fairly significant strengthening in most of the underlying sectors, particularly oil and gas,” Ross Harvin, report compiler for the Institute for Supply Management, told Houston Public Media.
Marcus Hiles’ communities encourage beneficial lifestyles by supplying top of the line fitness equipment, organizing group events, and incorporating their beautiful natural surroundings. The Mansions of Wylie, located in the heart of vibrant Wylie, TX, allow for new and exciting experiences every day. The premier apartments offer luxurious, resort style living in a unique city filled with alluring attractions. Each distinguished resident has unlimited access to a billiards room, scenic trails, fitness center, cardio theater, swimming pool and heated spa, private dog park, and a personal trainer. The Villas on Bear Creek create an inviting hometown neighborhood within a gorgeous, naturally inspired setting. This Luxurious Active Senior Community allows residents to “choose their own lifestyle” by offering an unparalleled amount of amenities and intellectual, cultural, sports, and social activities. The complex is fully equipped with two championship shuffleboard courts, an arts and craft room, library, picnic and Bar-B-Que areas, golf putting green, executive game room, horseshoe pitching area, and wooded walking trails that travel along the breathtaking Bear Creek.