Courtesy of Northwest Houston Impact News
According to Edge Realty Partners—the company managing the development—the completed town center will consist of more than a dozen pad sites, several retail and dining options, and a 12-acre multi-family housing development. Upon completion, the town center will add nearly 550,000 square-feet of new retail, commercial and dining options.
“We do have about seven pad sites under contract between the outlet mall and H-E-B,” said Sara Schoonaert with Edge Realty Partners. “The parcel of land beside the H-E-B—minus the small retail space which Simon is building—is under contract to an apartment developer.”
The initial proposed site plan provided the option for a potential hotel development near Mason Road, but the 294-unit apartment complex under contract will likely be constructed in its place.
H-E-B Development purchased the land within the proposed Fairfield Town Center nearly a decade ago and plans to develop additional pad sites along the Hwy. 290 corridor.
Details of future tenants could not be released, but Simon Property Group has spoken with several sit down and fast food restaurants, retailers and at least two banking concepts to open locations within the development by summer 2013.
“There is activity out there,” Schoonaert said. “There will be more places to eat and shop in the near future.”
Plans for the Fairfield Town Center were presented as early as 2007, but a struggling economy and lack of tenant demand caused delays in the project. As the economy continues to improve, however, the demand from local and national retailers is once again on the rise.
The Hwy. 290 corridor adjacent to the planned town center sees an average of nearly 67,000 vehicles per day, and the center will serve the growing community of Fairfield and the surrounding area. With the ongoing construction of the Grand Parkway and increased accessibility, the area is primed for the new development, Schoonaert said.
“The draw to [master-planned communities] has always been about the ability to stay in the community for most of your family’s lifestyle,” said Peter Houghton, vice president of Bridgeland. “The latest repetition in terms of the current market is that residents like to see mixed land use. In recent years, the emphasis on providing village centers and walkable areas are the kinds of venues that have become more important.”
The master-planned community of Fairfield has seen numerous developments in recent years as it comes closer to build-out. There are nearly 5,000 homes in the community, a new grocery store and a large-scale apartment complex, which is under construction. The addition of a town center will bring nearly 550,000 square-feet of retail and dining options.
“The vast majority of Fairfield’s commercial property has already been sold to developers,” said Tim Fitzpatrick community development manager with Friendswood Development Company. “I would assume the majority of this property will be developed as retail, as a lot of the apartment demand along the corridor is, and will continue to be met by [nearby] existing and developing apartment complexes. Maket conditions and market demand will determine future developments.”
Homes For Sale in Cypress
Showing properties
1 - 25 of 26.
See more Cypress Just Listed.
(all data current as of
5/21/2013)
-
$179,900 : 13011 Elmington Dr, Cypress4 beds, 3 full, 1 part baths
-
$179,900 : 17719 Mystic Bluff Ln, Cypress3 beds, 2 full baths
-
$139,700 : 18219 Rexine Lane, Cypress3 beds, 2 full, 1 part baths
-
$349,900 : 20015 Everhart Springs Lane, Cypress4 beds, 3 full, 1 part baths
-
$277,500 : 15814 Spring Trail, Houston4 beds, 3 full, 1 part baths
-
$243,900 : 17122 Cradle Cove Ct, Houston4 beds, 2 full baths
-
$230,000 : 18211 Park Sage Ln, Cypress4 beds, 2 full, 1 part baths
-
$217,000 : 16842 Ivy Wild Ln, Houston4 beds, 2 full, 1 part baths
-
$180,000 : 15903 Hickory Cove Dr, Houston4 beds, 2 full, 1 part baths
-
$154,999 : 18006 June Oak St, Cypress4 beds, 2 full, 1 part baths
-
$115,000 : 15507 Elm Leaf Pl, Cypress3 beds, 2 full, 1 part baths
-
$98,000 : 20626 Barngate Meadow Ln, Cypress3 beds, 2 full baths
-
$57,900 : 11715 Marrs Dr, Houston3 beds, 2 full baths
-
$798,800 : 16514 Flaming Amber Way, Cypress5 beds, 4 full, 1 part baths
-
$429,900 : 12214 Augustus Venture Ct, Cypress4 beds, 4 full, 1 part baths
-
$315,000 : 16734 Creekview Ln, Cypress4 beds, 2 full baths
-
$249,999 : 13143 Rosewood Glen Dr, Cypress4 beds, 3 full, 1 part baths
-
$205,000 : 8322 Morning Dawn Dr, Houston4 beds, 2 full, 1 part baths
-
$165,000 : 17234 Shallow Lake Ln, Houston3 beds, 2 full baths
-
$239,900 : 17003 Arrows Peak, Houston4 beds, 2 full, 1 part baths
-
$237,500 : 15950 Viney Creek Dr, Houston4 beds, 3 full, 1 part baths
-
$189,000 : 14315 Pelican Marsh Dr, Cypress4 beds, 2 full, 1 part baths
-
$169,000 : 13615 Barons Lake, Cypress4 beds, 3 full, 1 part baths
-
$163,000 : 14331 Heron Marsh Dr, Cypress3 beds, 2 full, 1 part baths
-
$120,900 : 11902 Hedgegate Dr, Houston4 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
