HOUSTON, TX – Venterra Realty recently broke ground for its multi-family development project in Cypress, Texas.
When fully expanded, the site will house a 336-unit community with an 8,600-square-foot clubhouse, resort-style pool, outdoor lounge, fitness center, package lockers, "WeWork" -style workspaces, and more on the third Quarter 2022. Approximately 25 miles northwest of downtown Houston, the location of this development offers a vibrant economy, highly rated schools, and immediate access to highways and shopping.
The location is conveniently located near the Grand Parkway and the recently expanded US 290, and provides easy access to seven of Houston's top work centers including The Woodlands, Energy Corridor, Memorial City, Westchase, Uptown / Galleria, Downtown Houston and the 290 / Beltway 8 industrial area all within a 45 minute drive.
"This strategic development expands Venterra's presence in Metroplex Houston, a market in which our portfolio has a proven record of success. Upon delivery, this community will deliver positive returns to our investors and provide a premium residential experience for Cypress residents," said John Foresi, CEO by Venterra Realty. With this development, we look forward to welcoming residents to a modern, technologically advanced residential community with easy access to Houston's many dining, shopping and entertainment options, added Andrew Stewart, Chairman of Venterra.
From site selection to completion, Venterra has hired industry leading partners to ensure first class execution. To complete the property purchase, Venterra worked with Clay Roper of Caldwell Companies, who represented Venterra in the property transaction, and Nick Welch and Kyle Shaw of Regions Bank on the mortgage lending. The architect for the development is Meeks + Partners. Domain Builders was selected as the general contractor.
"Partnering with this team of exceptionally experienced companies is part of Venterra's broader strategy to lead the development of well-located, exceptional apartment buildings," said Neil Simon, Venterra's vice president of development.