Mischer Development Announces Phase 3 Expansion to Master-Planned Cypress Creek Lakes
Mischer Development, the developer of the master-planned community Cypress Creek Lakes, has announced plans for a major expansion to include 700 acres that will consist of new building programs, new builders, a recreation center complex and a community welcome/information center.
Located less than two miles from US 290 in the Cypress area, Cypress Creek Lakes, which first opened in 2004, will add a 50-foot and a 70-foot building program to its existing 60-foot and 80-foot programs that have been a part of the community since its beginning.
Currently, Perry Homes and Coventry Homes are building on 80-foot home sites in the active Phase 2. The next phase of Cypress Creek Lakes will include Ashton Woods and Lennar in a new 50-foot program, Perry Homes and Newmark Homes in a 60-foot program and Darling Homes and Village Builders in a 70-foot program. New homes will range in price from the $190,000s to the $600,000s. Phase 3 will add over 1,000 new homes to the community.
“The additional programs represent a growing demand we’re seeing among new-home buyers and will be a great complement to our existing building programs,” said Randy Corson,Vice President of Mischer Development.
Sales in Cypress Creek Lakes were even with projections in 2011, and to date, are already ahead of last year. Corson believes that recent improvements in the housing market and the completion of major roadway expansions make now an ideal time to open this newest phase of the community. “The expanded building programs will help us meet a significant part of the market that we were missing previously,” he said. In addition to an increased interest among new-home buyers, Cypress Creek Lakes is benefiting from the expansion of Tuckerton Road which runs through the new Phase 3. Tuckerton is now a major east-west connector, open from Fry Road to Huffmeister, and is greatly enhancing access within the Hwy. 290 corridor. The expansion of Tuckerton will also provide opportunities for future commercial development in Cypress Creek Lakes. Already, Metropolitan Baptist Church, The MET, purchased 100 acres at the southeast corner of Fry Road and Tuckerton for its West Campus that will begin construction later this year.
New Welcome/Recreation Site
An eight-acre site in Phase 3 will be the location of a welcome center and recreation center. The $3 million complex will include a recreation center with a clubhouse, exercise/fitness room, competition size pool and children’s pool, a splash pad/water spray park, a playground and picnic/barbecue area and an information/welcome center.
The new welcome center, Corson said, will be designed to serve as a one-stop information source for new-home shoppers in the Cypress area, and will provide specifics on homes, amenities and schools in Cypress Creek Lakes, as well as information on major points of interest in the Cypress area such as major employment, medical and retail centers.
The state-of-the-art welcome center will also have separate spaces for Realtors to work with clients and a unique interactive system that will enable home shoppers to get an idea of available homes, home site sizes and their location in relation to specific areas within the community.
The opening of Phase 3 represents the final phase of the 1,600-acre community which has a projected build out of six to seven years. At its completion, Cypress Creek Lakes will have approximately 2,000 homes.
The recreation complex and welcome center will open in the Summer and builder model homes in phase 3 will open in the fall.