Developers are looking to bring more townhomes to Cypress, citing an increase in demand for luxury rental options.
Two projects are coming to the master-planned communities Bridgeland and Towne Lake. Starwood Farms has also been announced for the Telge Road corridor.
Steve Olson, a project representative with Fourplex Investment Group, which represents Starwood, previously told Community Impact Newspaper that Cy-Fair was chosen for the project's location because of demand in the area for homes that fall in the middle ground between single-family and high-end apartments.
“We’re optimistic about townhomes in the area,” Olson said. “Townhouses give residents a master-planned feel with all the amenities that come with it … but also some space.”
Of the 20 townhomes listed for sale in Cypress by the Houston Association of Realtors at the start of July, 11 were under contract, including in Bridgeland and Towne Lake.
In Bridgeland, a new project called Lakeside Row will feature townhomes for rent in additional to traditional multifamily units. Preleasing began July 22, and homes are expected to be ready for move-in this fall, according to developers with The Howard Hughes Corp.
The townhomes are located within 12 two-story buildings, and each unit will include a one- or two-car garage, according to a July 22 press release.
This article is a part of a series on real estate trends in the Cy-Fair area. View more trends here and stay tuned for more trends to be added throughout July.