FINC 677 & LDEV 664: Millican Reserve

This time we had Mr. Chad Murphy in class. He kindly offered his time and effort and opened himself up to let us dive in this real world project: Millican Reserve.

Mr. Murphy explained a few details and opened himself up for further questions, in class and for throughout the semester.

Some key points regarding Millican Reserve:

The site is located in between State Highway 6 and FM 2154. The whole area is almost 3,000 acre conservation based development. the master plan is divided in several lots and will eventually provide a variety of uses including residential, institutional and commercial, all while maintaining almost 1,200 acres of open green space for use by residents and visitors alike. 

It is considered part of Brazos County and is within the Extraterritorial Jurisdiction of the City of college Station. The land is very unique as it has never been developed. Two wealthy families were key parts in acquiring the land and are taking part on this project as equity investors.

Millican reserve is absolutely dedicated to building a healthy community centered around nature. For this ultimate goal, they have already partenered with different associations like BCS Marathon, Mount Biking Association and Brazos Valley Equestrian Trail Riders. In partnership with these associations, millican Reserve has already organized different events in order to engage the community.

Last Tuesday our presentations finished and all the ideas were great. Due to information disclosure I cannot talk about any details of our projects but this certainly was a great one-time experience where we could see a real case where we could easily visit with the property and work on ideas for it. We all were able to dive in and compete with great ideas, while expanding our Real Estate knowledge.

I was indeed a great project!