Land Tejas acquires 856 acres for new 2,500-home community in Cypress

2

Officials with Houston-based developer Land Tejas announced Oct. 3 the company has acquired 856 acres in Cypress with plans to build a 2,500-home master-planned community.

The community, which is yet to be named, will be located near the intersection of FM 529 and Fry Road, east of the Grand Parkway and near a Cy-Fair ISD multi-school site where Cypress Park High School opened in 2016. The community falls entirely within the boundaries of Cy-Fair ISD.

Land Tejas has a number of communities in the Houston area, including Miramesa, located off Fry Road in Cypress and north of where the new unnamed community is being planned.

“Demand for homes in the Cypress area has been phenomenal,” said James Henrie, Land Tejas Chief Operations Officer, in a press release. “This will be our fourth master-planned development in the area following the success of our Stone Gate, Canyon Lakes West and Miramesa communities.”

Financing for acquisition and development was provided by Trez Capital, and CBA Land Capital LP is the equity partner with Land Tejas for the purchase.

The first phase of lots is slated to be delivered in 2021, according to the release.

Share this story
2 comments
COMMENT
  1. The impact of the acquisition of this property will devistatiny to our wild game and increase the potential accidents in 99 not to mention the flooding in that area. What do they plan to do about that?

  2. They do not put in adequate drainage you’re just supposed to be at a certain grade but they are not properly put in so you’re not Peters on flooding even if you’re not in a flood plain not sure who they hired to design their drainage concept for their neighborhood very poor design

Leave A Reply

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.
Back to top