Several new retail concepts are expected to open by early next year in Cypress as part of the Boardwalk at Towne Lake project.
Caldwell Companies is developing the mixed-use project that will feature waterfront dining, retail and office space near the corner of Barker Cypress and Tuckerton roads.
“We’ve gone through so many painstaking details to create a cool place in Cypress, Texas,” Executive Vice President Peter Barnhart said. “We wanted to find and recruit tenants that weren’t chains but were good operators and had a different twist or new spin.”
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A handful of new tenants have signed leases in the upcoming development. They include Jaxton’s, Taisho, MOD Pizza, World of Beer, Orangetheory Fitness, Nails of America, Massage Heights, Copper Creek Orthodontics, Land of a Thousand Hills and Texas Children’s Pediatrics.
“I believe the [Cypress] area will embrace this project,” said Christie Amezquita, broker for Read King, which is handling retail leasing for the project. “A lot of residents drive to CityCentre and The Woodlands for dinner, but now we’ll have a place for people in Cypress to congregate.”
Several of the tenants, such as Jaxton’s, will be the first of their kind in the area. Land of a Thousand Hills is a high-end coffee shop based in Atlanta, while Taisho is a hibachi sushi concept. Several tenants, such as World of Beer, MOD Pizza and Orangetheory, have locations in nearby areas like The Vintage or LaCenterra at Cinco Ranch.
One of the larger tenants, Texas Children’s Hospital, has leased 10,000 square feet of the development for a pediatric office, Amezquita said.
Phase 1 of the development is about 65 percent leased with the first wave of tenants that have signed. However, Amezquita said there are several letters of intent in the works for additional tenants, which will bring Phase 1 close to 95 percent leased.
Phase 2 of the project will include an estimated additional 30,000 or 40,000 square feet of retail and office space along with a boutique hotel.
When the project is complete, residents of Towne Lake will be able to ride their boats to the development, which will feature an area for boat slips. The Boardwalk at Towne Lake will feature a central green area as well, where there will be live music on the weekends. Caldwell Companies also plans to hire a full-time program director for the Boardwalk who will plan events and activities for each weekend.
A grand opening for the new development is planned for the first weekend in March.
