DEVELOPMENT The Pearl targets young professionals with 370-unit multifamily development proposal
FLUOR DANIEL DR.
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BY JACK DOWLING
developer, Morgan Group. According to city sta , retail options are missing from the development because there are deed restrictions on the property. “Pearl will ful ll a key missing component by providing Lake Pointe with Class A rental resi- dential owned and managed by a rst-class company,” the pro- posal letter from Morgan Group said. “New Class A multifamily is important to Sugar Land’s ability to continue attracting and retaining companies who are attempting to attract and retain young professionals who are renters by choice.” The letter also mentions bene ts to the city, including quality of life and property taxes. Morgan Group owns 18 other Pearl projects, including loca- tions in City Centre, downtown
Houston, Midtown Houston, Greenway and River Oaks. City o cials have acknowledged the development cuts into the shrinking amount of available multifamily units left before the city runs over its 88% to 12% sin- gle-family-to-multifamily ratio as outlined in its 2018 Land Use Plan. If the Pearl is given the green light by City Council and completed, the city will have room for 450 more multifamily units before sliding over the 12% ratio. This number includes multifamily units built as part of the Imperial Sugar District’s Char House project. The Planning and Zoning Com- mission recommended the project on April 11, and City Council approved the rst reading of the ordinance May 2. City Council must approve a second reading of the ordinance at a future meeting.
The Pearl—a new ve-story, 370-unit multifamily residential development—is under consider- ation by the city of Sugar Land. Designed for “young profession- als,” the development will include amenities such as 9,600 square feet of exible coworking o ce space; 4,425 square feet of meeting space; and 12,000 square feet for a leasing o ce, a tness and gaming center, and a cafe/co ee shop on the ground oor as well as ve “live-work units.” A dog park is also included in the design plans. The proposed development will lie along Creekbend Drive south of Fluor Daniel Drive in Lake Pointe Town Center. The 370 units will be one or two bedrooms, and will spread over 6.5 acres, according to docu- ments submitted by the project’s
INTRODUCING THE PEARL THE PEARL According to the Morgan Group, the Pearl is for “young professionals,” a population subset that looks for utility and nearby amenities to “lock and leave” their apartments. The multifamily development will include: The Pearl is a planned ve-story, 370-unit multifamily development that will include o ce space and a dog park. (Rendering courtesy city of Sugar Land)
370 units
Dog park
9,600 square feet of coworking o ce space 12,000 square feet for shared leasing
4,425 square feet of meeting space
Co ee shop on ground oor SOURCE: MORGAN GROUPCOMMUNITY IMPACT
o ce, and tness and gaming center
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