Cypress Edition | January 2023

2023 ANNUAL COMMUNITY GUIDE

BRIDGELAND

DUNHAM POINTE

BRIDGE CREEK

an automotive dealership could be among the rst commercial projects in Dunham Pointe. Businesses such as banks and day care facilities will come later, as will CFISD schools and a Cy-Fair Fire Department station. Road projects underway in Dun- ham Pointe include the construction of Jack Road from Mason to Mueschke roads, which will wrap up in 2023. Work on Mound Road should also begin this year, Dunham said. Rasmussen said other projects underway include the last section of West Road from Fry Road to the Grand Parkway, Mason Road from West to Tuckerton roads, and Bridge Creek Terrace Parkway connecting the east side of Bridge Creek to the west. In Bridgeland, the connection of North Bridgeland Creek Parkway from Lakeland Village to the Grand Parkway is slated for completion this year. Car- man said commercial growth should pick up in 2023 as ground breaks on Village Green at Bridgeland Central, which will open in 2024 with an HEB and mass timber oce building. Carman said in addition to commer- cial construction in Bridgeland Central and connectivity throughout, oering education options is a top priority. A new location of the Goddard School and CFISD’s Middle School No. 20 will open in Bridgeland this year. “It’s absolutely critical to have great, diverse educational opportunities in our community,” he said. “It’s what attracts families to our communities. It maintains the value of our homes and businesses, ... and so we work very closely with public and private schools to ensure that those exist.”

COURTESY THE HOWARD HUGHES CORP.

RENDERING COURTESY DUNHAM POINTE

COURTESY TAYLOR MORRISON

Number of homes at build-out: 21,000 Latest news: Commercial development is expected to pick up in Bridgeland Central, the community’s 925-acre town center. Build-to-rent community Wingspan is under construction.

Number of homes at build-out: 2,000-2,500

Number of homes at build-out: 600 Latest news: An amenity center opened in early 2022; road connectivity eorts continue in 2023.

Latest news: Work is progressing on homesites and infrastructure within the community. Discussions are underway with future commercial tenants.

MARVIDA

AVALON AT CYPRESS

MASON WOODS

DANICA LLOYDCOMMUNITY IMPACT

COURTESY TAYLOR MORRISON

RENDERING COURTESY TAYLOR MORRISON

Number of homes at build-out: 2,500 Latest news: Island Amenity Village is slated to open by this summer with a lazy river, a clubhouse, a tness center and play areas.

for multifamily and single-family rent- als are on the rise in Cy-Fair. In addition to opening a 358-unit multifamily project called The Star- ling at Bridgeland, the Howard Hughes Corp. broke ground on a 263-home, build-to-rent neighborhood called Wingspan in 2022. Taylor Morrison is planning to bring a build-to-rent neighborhood to a tract of land adja- cent to Avalon at Cypress, although a timeline has not been announced. As of the third quarter of 2021, Cy-Fair had 1,583 multifamily units under construction and another 600 planned units, according to Number of homes at build-out: 1,450 Latest news: Avalon at Cypress opened with ve model homes in early 2022. An amenity center is opening soon, and build-to-rent neighborhood is coming soon adjacent to the community.

Number of homes at build-out: 1,300 Latest news: Three model homes and an amenity center are opening soon.

“Homebuyers had to navigate an overheated market over the last year, but conditions have been cooling to prepandemic levels in recent months,” HAR Chair Jennifer Wauhob said in a Nov. 10 news release. “We’ve seen home sales slow, prices level o and inventory rise. These are all indica- tors that we’re moving closer to more normal, prepandemic conditions, and that should create more options and opportunities for consumers.” But high home prices and mortgage rates have had many homebuyers seek- ing alternatives to single-family home purchases. Developers said the demand

commercial real estate rm Berka- dia. PASA project 55% of new housing units from 2026-31 will be multifamily. “With the aordability constraints encountered over the past few years, demand for multifamily and sin- gle-family rentals will likely increase,” Rasmussen said. Upcoming development In addition to multifamily projects, Cy-Fair developers are also preparing for new schools, commercial busi- nesses and road projects. Dunham said industrial facili- ties, a multifamily development and

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CYPRESS EDITION • JANUARY 2023