The 14-acre site will feature a mix of two-story townhomes and garden apartment homes. One- to three-bedroom units will range in size from 600-1,400 square feet, according to a press release.
Officials said pre-leasing will begin soon, and developers are targeting professionals, families and future Towne Lake homeowners. Located near a 300-acre lake as well as lakeside trails, the gated development will offer Hill Country-inspired architecture and home-automation features, officials said.
“We’re excited to bring a luxury multi-housing project to this area,” Towne Lake General Manager Kent Puckett said in a statement. “We feel this site is a tremendous offering for those seeking medium-term housing in Cypress with convenient access to The Boardwalk, local employers, major freeways and other nearby attractions.”