Real estate
BY DANICA LLOYD
More multifamily housing options on the way to Cy-Fair
Project
Location
Type
Number of units Move-ins begin
More than 1,200 multifamily housing units are under construction or planned in Cy-Fair, accord- ing to a March 11 report from MRI ApartmentData. This includes traditional apartments, senior living and build-to-rent single-family homes. What’s happening About 1,600 apartment units and 640 build-to- rent homes have opened in the region in the past 12 months, per the report. MRI ApartmentData reports new units planned for the area include 182 senior living units and 184 build-to-rent homes. MRI ApartmentData shows the Jersey Village/ Cypress submarket, which includes neighbor- hoods between Hwy. 290 and Hwy. 249, has seen the average rent decrease 3% year over year from $1,412 to $1,370. Occupancy was 86.4% as of February. In the Bear Creek/Fairfield/Copperfield area—primarily south of Hwy. 290—the average rent declined 1.8% year over year from $1,254 to $1,231, and occupancy was 91.5% as of February.
Recently opened Alexan Cypress Creek
9302 Fry Road, Cypress
Apartments Apartments
351 378 266 324
May 2024 May 2024
Allora Parkland Prose Canopy
18300 Marvelous Place, Cypress
19939 Longenbaugh Road, Cypress Apartments
January 2025 September 2024
Lively at Cypress Creek
13030 Perry Road, Houston
Apartments
Build-to- rent Build-to- rent Build-to- rent
Mirella
18131 Bluegrass Park Lane, Cypress
204
October 2024
Yardly Cypress
22025 Avalon Landing Lane, Cypress
240
May 2024
Skymor Cypress
16931 Olive Brush Lane, Cypress
198
November 2024
Coming soon Asher Towne Lake
12700 Greenhouse Road, Cypress 8730 W. Sam Houston Parkway N., Houston
Apartments
330
May 2025
Metropolitan
Senior living
157
March 2025
Prose Grant
11305 Grant Road, Cypress
Apartments Apartments
TBD TBD
Q3 2026 Q4 2026
Prose Fry & Bridge Creek 9177 Fry Road, Cypress
Build-to- rent
Project name TBD
7702 Marvida Terrace, Cypress
184
TBD
NOTE: THIS IS NOT A COMPREHENSIVE LIST.
SOURCES: MRI APARTMENTDATA, ALLIANCE RESIDENTIAL COMPANY/COMMUNITY IMPACT
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