Cypress Edition | January 2023

TOP STORY

FAST-GROWING COMMUNITIES

COMMUNITIES

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ROAD PROJECTS Bridgeland Central Dunham Pointe Marvida Avalon at Cypress

Bridgeland

Towne Lake Bridge Creek Mason Woods

Developers will continue to build out master-planned communities in the 77433 ZIP code in 2023. To accommodate

BRIDGELAND CREEK PKWY.

master-planned community Marvida, said the community could be 60% built out by the end of 2023 with full build- out slated for 2025. The Island Amenity Village—which is anchored by a lazy river—is expected to open by summer. “With a good school district, the close proximity to schools and then Marvida’s location in being close to both [the Grand Parkway] and [Hwy.] 290, it was really a very popular devel- opment from a builder interest stand- point,” Johnson said. Economic outlook While development progresses, fewer locals could aord the median home price of $349,500 as of the third quarter of 2021, according to the Houston Association of Realtors. Just 41% of households in the Houston region earned the minimum annual required income for that price point— compared to 53% one year earlier. A Peek Road (completion TBD) B North Bridgeland Lake Parkway (completion in 2023) C Jack Road (completion in May 2023) D Mound Road (completion in July 2023) E Mueschke Road (completion in December 2023) F Summit Point Crossing (completion TBD) G Mason Road (completion TBD) H West Road (completion TBD) I Bridge Creek Terrace Drive (completion TBD) J Greenhouse Road (completion TBD)

growth, several road extension projects are also underway or planned for the future. SOURCES: THE HOWARD HUGHES CORP., DUNHAM POINTE, LAND TEJAS, TAYLOR MORRISON, CALDWELL COS.COMMUNITY IMPACT

WEST RD.

529

290

in The Wood-

in 2023, including both single-family and

lands,” he said. The community added

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multifamily units. PASA forecasts multifamily growth outpacing sin- gle-family growth in 2026-31 as apart- ment complexes ll in the region’s remaining tracts of developable land. Neighborhood news Cy-Fair’s largest master-planned community, Bridgeland, continues to lay the groundwork for a multide- cade development plan. Jim Carman, president of the Houston region at The Howard Hughes Corp., said about 17,000 people live in Bridgeland, but developers expect the community to eventually be home to 70,000. Ulti- mately, the goal is to have 1.5 jobs per rooftop within Bridgeland. “While today Bridgeland obviously is very much focused on the residen- tial aspects, it’s important to note that ultimately our plan is to provide the same type of job center that you have

about 600 single-family homes in 2022, and Carman said he expects similar growth in 2023. South of Bridgeland, Taylor Morri- son opened Avalon at Cypress in early 2022 with ve model homes and will soon open Mason Woods with three model homes, said Todd Rasmussen, president of Taylor Morrison’s Hous- ton Division. Between these two com- munities and Bridge Creek, which opened its amenity center early last year, the homebuilder is slated to add more than 300 homes to the Cypress community in 2023. “We are excited about the wide array of high-functioning oor plans and fresh, attractive elevations we oer in these communities,” Rasmussen said. Tim Johnson, director of commu- nity sales and marketing for Land Tejas, which is developing neighboring

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Pointe is the last major tract along [Hwy.] 290 all the way [west] to the Grand Parkway, so we think the loca- tion itself is a huge advantage,” said Archie Dunham, the former energy executive developing the Dunham Pointe community. Most of the region’s growth is tak- ing place in the western portion of the district south of Hwy. 290 in master-planned communities oer- ing proximity to parks, pools, retail, dining, schools and places of wor- ship. PASA predicts Dunham Pointe, Towne Lake, Mason Woods, Avalon at Cypress, Marvida and Bridgeland will each add 1,000 or more housing units from 2021-31. These communities will bring hundreds of new homes to Cy-Fair

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