Several townhome projects underway in Cypress as developers say demand is increasing

Preleasing began in late July at Lakeside Row in Bridgeland, where homes are expected to be move-in ready this fall.

Preleasing began in late July at Lakeside Row in Bridgeland, where homes are expected to be move-in ready this fall.

Image description
5 Real Estate Trends to Know in Cy-Fair in 2019
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.
By Shawn Arrajj
Shawn Arrajj serves as the editor of the Cy-Fair edition of Community Impact Newspaper where he covers the Cy-Fair and Jersey Village communities. He mainly writes about development, transportation and issues in Harris County.


MOST RECENT

COMMERCIAL DATA: Industrial rental rates stay strong as retail rates show signs of rebounding

Rental rates in the retail sector have begun to turn around in Cy-Fair after dropping in the second quarter of 2020.

Fewer than 500 COVID-19 patients—478—are currently checked in at Texas Medical Center hospitals. (Community Impact staff)
Texas Medical Center COVID-19 hospitalizations drop 30% in three weeks

Fewer than 500 COVID-19 patients—478—are currently checked in at Texas Medical Center hospitals.

The board of directors for METRO has approved the $1.15 billion FY 2020-21 budget. (Courtesy Metropolitan Transit Authority of Harris County)
METRO board approves $1.15 billion budget for FY 2020-21 with 23% revenue loss

The approved budget is down nearly 14% overall from last year.

Nekter Juice Bar is coming soon to the Boardwalk at Towne Lake. (Courtesy Nekter Juice Bar)
Nekter Juice Bar coming soon to Cypress

The business offers fresh juices, smoothies, acai bowls, cleanses and catering.

The city of Jersey Village is looking to adopt a lower property tax rate, but one that will also raise more revenue because of rising property values. (Community Impact staff)
Jersey Village adopts budget, sets tax rate public hearing for Sept. 28

The city of Jersey Village is looking to adopt a lower property tax rate for the 2020-21 fiscal year, but one that will also raise more revenue because of rising property values.

The Howard Hughes Corp. purchased The Woodlands Towers at The Waterway in December while Paul Layne was CEO. (Courtesy The Howard Hughes Corp.)
Howard Hughes Corp. CEO Paul Layne retires after year that saw company move HQ to The Woodlands, purchase of former Occidental towers

The CEO for The Howard Hughes Corp., which develops The Woodlands, The Woodlands Hills and Bridgeland in the Greater Houston area, announced this retirement this month.

Gov. Greg Abbott on July 27 issued an executive order extending the early voting period for the Nov. 3 election. (Screenshot of Sept. 17 press conference)
Lawsuit takes aim at start date for early voting as some Texas Republicans challenge Gov. Greg Abbott's order

A group of prominent Texas Republicans has embarked on a legal effort to undo the governor's executive order that extended the early voting period for the Nov. 3 election.

(Courtesy The Republic Grille/Liz Grimm Public Relations)
Republic Grille opens in Spring and more Houston-area news

Read the latest Houston-area business and community news here.

Juanita's Mexican Restaurant is located on Louetta Road. (Courtesy Juanita's Mexican Restaurant)
Juanita’s Mexican Kitchen to open soon in Fairfield

The new eatery is owned by the Nunez family, which also operates Juanita’s Mexican Restaurant on Louetta Road.

Texas Central
Texas Central Railroad bullet train project receives rulings on safety framework, selected alignment

Construction for the high-speed bullet train system is slated to begin in the first half of 2021 and to be completed in 2027.