www.libyanet.com Real estate heavyweight Gerald Hines has been on an international development tear. His next move: Libya.
The chairman of the Houston-based company that bears his name has discovered a coastal site in Tripoli where he wants to build an office and hotel project.
Hines mentioned the plan Tuesday to real estate journalists at the Hilton Americas-Houston, a 1,200-room hotel his firm developed downtown.
"There are 2,000 kilometers of beachfront in Tripoli," he said. "It's a beautiful sea that looks like Cannes or Nice 100 years ago."
The developer is unclear about plans for the Libyan project, which could include a 300-room hotel and up to 700,000 square feet of office space.
Hines has developed major real estate projects in such exotic locales as Berlin and Munich, Germany; Moscow; Barcelona, Spain; Paris; Milan, Italy; and Bejing. |