Midland Fasken Oil adding 39 units to The Vineyard

MIDLAND – The 39-unit second phase of The Vineyard development will be located on 7.212 acres west of the Holiday Hill Rd. and Green Tree Blvd. intersection. Construction starts during summer 2014 and finish in 2015.

Fasken Oil and Ranch Ltd. will develop the luxury complex, which will be comprised of nine two-story buildings only holding at most six units, and an ample 128-space parking lot

The Vineyard is a master-planned, mixed-use development by Fasken that includes space for single-family homes, apartments, office space, parks, retail and an elementary school.

Fasken previously developed The Vineyard’s 176-unit Sandstone Ridge complex, and both complexes will be for rent to the public, not just exclusively for Fasken employees.

Construction of The Vineyard began in 2010 with the development of Fasken’s corporate headquarters. Construction is already underway for two office buildings, one of which will be occupied by SM Energy Co.

Barbara Fasken Elementary, a 92,000-sf campus that will accommodate 800 students, will be in construction in the near future, said Arthur Zuniga, real estate development manager for Fasken.