Firm announces new developmentA 164-acre housing development announced Wednesday will be the largest in the oil boomtown of Williston.
By: Forum Communications, The Jamestown Sun
WILLISTON, N.D. — A 164-acre housing development announced Wednesday will be the largest in the oil boomtown of Williston.
The first phase of the project, called The Ridge at Harvest Hills, will have up to 330 apartments and lots for 500 homes. Work on the infrastructure is under way and development of the housing units will begin in the spring, according to a press release Wednesday from private equity firm Kohlberg Kravis Roberts & Co.
KKR acquired the property with co-investors Pfeffer Capital and CP Realty.
Williston Mayor Ward Koeser said the largest housing development to date is the adjacent Harvest Hills development, which is 110 acres. Koeser said the new development will bring the city another step closer to its goal of having permanent housing available for families.
“It looks like they’re making a substantial investment in Williston,” Koeser said.