O. "CHIP" HAMILTON, JR., a 1973 Sam Houston graduate with
a Bachelor of Business Administration degree in Finance
and Economics, is Vice President and General Manager of
Provident Development Company in Austin, Texas. "I was
enthralled with the ability to create a better way of
life," Chip said of his reason for going into residential
development. His accomplishments in his profession are
reflected in his prior experiences in the Navy in the
late 1960's and during his years at Sam Houston.
Chip is a native of Houston. From 1966 to 1970, he
was in the U.S. Navy Seabees and served a tour of duty
in Vietnam in 1967-68. After his stint in the Navy Chip
came to Sam Houston while commuting from Groveton. He
was self-employed as a Land Surveyor (1970-72) and served
as mayor of Groveton. Also during this time he was appointed
by Governor Preston Smith to serve on the State Manpower
Commission. And while doing all this, Chip was able
to make the Dean's list at Sam Houston!
Upon graduation Chip became the Capital Budget Officer
for the Woodlands Development Corporation in Houston
from 1973 to 1975; he was responsible for the development
of an economic model for a 20,000-acre new town (which
is still used today) and for all facets of interrelating
the model to land plan and handled all cost accounting
for the project. In conjunction with this project he
is credited with helping to establish one of the few
Title 7 communities existing today.
In 1975, Chip became Vice President for SCREG, a French
national real estate investment firm. He was responsible
for managing a real estate portfolio of $18 million.
His duties included evaluation and selection of raw
properties for investment for both residential and commercial
development. He played a major role in establishing
a successful company which still operates.
In 1977, Chip established his own company-the Hamilton
Development Company-in San Antonio and Houston, a firm
which specialized in purchasing financially troubled
developments for sale. He handled all facets of start
up, including the hiring of project managers, development
and coordination of sales and marketing efforts, initiation
and negotiations of contracts, and acted as overseer
of all aspects of finance. From this endeavor, the opening
of a 5,000-acre project in San Antonio and an 8,000-acre
development we re-established. He sold the firm in 1979.
From 1980 to 1985, he was Vice President and General
Manager of the Arvida Corporation in Boca Raton Florida.
His principal activities focused on overseeing sales,
development, marketing, finance, construction and political
activities for this major national real estate development
firm, providing leadership and direction for a 30-person
staff. His accomplishments include directing successful
development of a $65 million project, Longboat Key Hotel
and Resort (1983). He was one of fourteen executives
of the Arvida Corporation which, in conjunction with
the Bass Brothers organization, accomplished the leveraged
buy-out of Arvida Corporation from Penn Central and
subsequent sale of the company to Walt Disney Productions
in 1984 for $400,000,000.
In 1986-87, Chip was president of Z. O. Hamilton Interests
of Florida, Inc., a real estate investment and development
firm in Boca Raton and President of H & H Charters,
Inc., a leisure company operating a sport fishing boat
off the east coast of Florida and the Bahamas. In 1987-88,
he was President of Hooker Homes (South Florida Division),
a large national builder, which established through
the merging Hamilton Interests of Florida and Hooker
Presently, Chip is Vice President and General Manager
of Provident Development Company in Austin. He directs
one of the oldest and largest community development
companies. Provident is currently in community development
with their new 2,100-acre development in east Austin.
Chip is a nationally recognized authority in the Real
Estate Development Industry and represents his company
on many civic and social boards in Austin, where he
lives with his wife Trish and their children. Charles
F. "Doak" Derman, a 1955 SHSU graduate and attorney
in Austin, states that "Chip has been one of our more
successful graduates and has been a great supporter
of the University even while out-of-state."