Information on Real Estate
Representatives from the Bridgeland master-planned community are in final negotiations for a contract to begin construction on its first livable center. The center, which will be called the Lakeland Village Center, will have retail shops, restaurants and apartments within a 24-acre span.
Construction on the village could begin in the fall, and the village could be completed by mid-2012, said Peter Houghton, vice president of Bridgeland. When the village opens, Houghton said it will provide Bridgeland and the entire Cypress community with a “downtown” hub.
“It is something that will be unique, unusual and provide services for the residents,” he said. “It is mixed-use, and this is one of the directions retail has been moving in the last few years.”
The Lakeland Village Center is the first mixed-use center to be built in the Bridgeland community; however, more are planned as the development continues to expand.
“We didn’t want to build 20,000 red brick homes,” Houghton said. “We wanted to enable [residents] to walk to homes, churches, schools, restaurants… [The center] sets a tone and a style for future village centers. They are much more than strip retail. They are actual downtowns.”
Included in the plan for the Lakeland Village Center is 30,000 square feet of retail space for use by restaurants and shops.
There also are nine apartment buildings planned. Three of the buildings are traditional apartment complexes and the other six are designed to be similar to a “big house,” according to Houghton. These houses will have 10 apartment units, and they look like large houses with different architectural styles, such as Tudor and Craftsman.
Eventually, Houghton said he hopes the center will have offices for dentists, doctors and other professionals.
Pattie Huey, who is in charge of the building marketing division for Prudential Gary Greene and works with developers across the Houston area, said the mixed-use development will benefit both Bridgeland and the surrounding community.
“It is so critically important when you have these outlying communities,” Huey said. “Houston is so vast, when people come home they want to be able to walk to services and amenities. The only way to accomplish that is to do mixed-use development communities.”
The center will also add to area homeowner resale values, according to Huey.
“It is very appealing on resale when there are other local amenities that people can get to really quickly,” she said. “The people who are working out there [in Bridgeland build] with an eye for the homebuyer.”
Huey believes the center will create a community feeling in Cypress, which is an unincorporated area with no central government or business center.
“It just makes living in the suburbs like living in a town and a community,” she said.