The owners of a winery and resort just outside Austin will join Hoque Global in the new development endeavor, according to the Austin Business Journal. The 600-acre property, located in the Hill Country about an hour north of Austin and made to look like the Italian countryside, currently offers wine tastings, a small resort, wedding venues and more.
A $500 million investment is estimated for the development, the Austin Business Journal reported.
The Austin Business Journal also reported that Hoque Global has been selling home lots measuring 1 to 3 acres on the property since August 2021.
The Vineyard at Florence was established in 2007, and in 2018, Hoque Global became a developer and management leader. In 2021, the neighborhood reopened after receiving a multimillion-dollar renovation.
To see the full report, visit the Austin Business Journal.
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