Business View Magazine | October 2020

321 BUSINESS VIEW MAGAZINE OCTOBER 2020 C I BOLO, TEXAS Midland-based Cromwell Street LLC and Grey Forest Development LLC, subsidiaries of Fasken Oil and Ranch, have chosen Cibolo as the location for its 116-acre, $285 million mixed use development. “We are creating an atmosphere where people can live, work and play.” The development will include 305 state of the art apartment homes, Santikos Entertainment Center, retail space and restaurants. As a long-term owner, Fasken makes sure the investment maintains its value for the long term. “Our focus is on a high level of quality.” We study each site to ensure the product complements the tract of land and the surrounding neighborhoods. “We’re not just taking some prototype and putting it down. We are designing a product that is compatible with the community.” About Fasken Fasken is a family owned business with a 107-year history in energy exploration and production. Fasken is one of the largest independent oil-and-gas producers in Texas, as well as being one of the largest landowners in the US. Since the company diversified into real estate in 2003, Fasken has developed over 1.5 million SF of industrial buildings, 250,000 SF of office space, 46,000 SF of retail space, and over 2,000 apartment units completed or under development. ...... For more information, please visit our website https://valcorcre.com/portfolio- posts/cibolo-crossing/