Cypress Springs Plaza is set to be completed next spring.[/caption]
Ground is set to break in October on Cypress Springs Plaza, a new shopping center coming to Fry Road and Rustic Lake Lane, just south of Longenbaugh Road. Several new businesses will open when construction is completed next spring, according to officials with developer SGRE Capital Group.
Developers are anticipating four or five tenants to sign on for the 11,750-square-foot property, which is set to be completed early in the second quarter of 2017.
“The area was chosen because we feel it is a bit underserved and very different from the type of projects you see on [FM] 529,” co-managing partner Elliot Gerstenhaber said. “Being across from the [Cypress Springs High School and Hopper Middle School], it’s a natural setting for fast food places, doctors and dentists with a tremendous amount of traffic from parents and kids driving to school.”
Hannah Kaplan, leasing agent for the property, said while there are not yet any confirmed tenants for the retail center, a Starbucks is nearing completion just next door. Officials with the commercial real estate agency NAI Partners hope to cater to families and students in the area as the population continues to grow, she said.
“The landlord picked this land specifically because he thinks there’s a lot of residential development going in the area,” Kaplan said. “There’s more retail on Longenbaugh and Freeman [roads], so this was an underserved area.”
This retail development will be the first Cypress area project for SGRE, although the group has worked across Houston and Dallas.
Cypress Springs Plaza is set to be completed next spring.[/caption]
Ground is set to break in October on Cypress Springs Plaza, a new shopping center coming to Fry Road and Rustic Lake Lane, just south of Longenbaugh Road. Several new businesses will open when construction is completed next spring, according to officials with developer SGRE Capital Group.
Developers are anticipating four or five tenants to sign on for the 11,750-square-foot property, which is set to be completed early in the second quarter of 2017.
“The area was chosen because we feel it is a bit underserved and very different from the type of projects you see on [FM] 529,” co-managing partner Elliot Gerstenhaber said. “Being across from the [Cypress Springs High School and Hopper Middle School], it’s a natural setting for fast food places, doctors and dentists with a tremendous amount of traffic from parents and kids driving to school.”
Hannah Kaplan, leasing agent for the property, said while there are not yet any confirmed tenants for the retail center, a Starbucks is nearing completion just next door. Officials with the commercial real estate agency NAI Partners hope to cater to families and students in the area as the population continues to grow, she said.
“The landlord picked this land specifically because he thinks there’s a lot of residential development going in the area,” Kaplan said. “There’s more retail on Longenbaugh and Freeman [roads], so this was an underserved area.”
This retail development will be the first Cypress area project for SGRE, although the group has worked across Houston and Dallas.
