"It's the largest private lake in Houston, and it's fully boat able," said Peter Barnhart, of Caldwell Companies.
And it's not just a lake. The 300 acre body of water is the center piece of a master planned community with the same name located just a couple of miles from the hustle and bustle of highway 290 in Cypress. The development, which also boasts a brand new marina, is still under construction. Once completed, it will offer residents
the luxury of a weekend water getaway, without actually getting away. It will also feature a 100 thousand square foot boardwalk full of retail stores and waterfront restaurants.
"The future recreation center has a first its kind in Houston: a lazy river similar to the Hyatt Hill Country (resort) ," Barnhart said, "We tried to create a place where people thought, ‘hey listen, I can live in a lake front community and don't have to have a lake house. I've got it all here right now, where my kids go to school with a quick commute'."
Towne Lake is certainly not the only new development popping up in Cypress, which currently has an estimated population of 355,000. Another 100 thousand people are expected to move to the Cypress Fairbanks area over the next ten years. Simply put the area is growing, so quickly, there's a huge demand for new housing, as well as new schools.
This summer, Cy-Fair ISD will open its newest school, Woodard Elementary, just in time for the next school year. Right now, the school's construction site is surrounded by empty lots, but they won't be empty long. Fox 26's partners at the Community Impact Newspapers report a new Walmart store will be built. A few miles away, construction crews are already working on building a new HEB store at the corner of Fry and Tuckerton, down the street from those brand new homes starting in the low $200's in Towne Lake.
And in case you were wondering about the cost of a waterfront, "there's homes starting in the $400's on the water," Barnhart said.
Read more: http://impactnews.com/houston-metro/cy-fair/cyf-commercial-development-ramps-up-in-cypress-cyf/