cypress lakes crossing - newquest properties · 2020. 8. 17. · historical housing activity...

Historical Housing Activity Summary

Houston Premium Outlets

Cypress TowneCenter

Cy-Fair Town

Center

ColesCrossing

6/12/15 • GE-4/8/14

• Price Range $111K - $650K• 2,288 Homes• Friendswood Development Co.

Fairfield (SE Side)

• Price Range $105K - $1.2 Million• 2,086 Homes

Villages ofCypress Lakes

• Price Range $229K - $347K• 485 Homes

Sydney Harbour


Stablewood

• Price Range $67K - $311K• 1,194 Homes

Cypress Point


Northlake Forest

• Price Range $146K - $558K• 2,526 Homes• 101 Townhomes

Coles Crossing

• Price Range $84K - $203K• 1,516 Homes

Cypress Mill

• Price Range $152K - 1.1 Million• 842 Homes (1Q/2015)

Blackhorse Ranch• Price Range $180K - $1.1 Million• 2,129 homes (1Q/2015)• 20,000 homes when completed• By the Howard Hughes Corporation

Bridgeland

3,290 StudentsCypress Woods HS

Spillane Middle1,390 Students

Aprox. 1,700 EmployeesSysco Business Services

Ski

nner

Rd

Jarvis Rd

Bark

er C

ypre

ss R

d

Spring Cypress Rd

Old Washington County Rd / Hempstead Hwy

Cypress

Mueschke Rd

290

Houston Baytown

Texas City

Galveston

Pearland

Sugar Land

Katy

Conroe

The Woodlands

Spring

Cypress

45

45

10

610

610

59

59

90

90

90

TOLL

99

TOLL

99

TOLLWAY

HCTRA

TOLLWAY

HCTRA

TOLLWAY

HCTRA

FA R M

R OA D

1960

290

T E X A S105

T E X A S105

T E X A S288

T E X A S146

T E X A S146

T E X A S336

T E X A S242

T E X A S249

FA R M

R OA D

2920

TOLLWAY

WESTPARKFA R M

R OA D

1463

6T E X A S

6T E X A S

TOLL

99FUTURE

TOLL

99FUTURE

TotalSupply

1,4172Q11 2842451,117 67 596 2,8561,1203436.4 30.6 2,5842909933Q11 2802151,163 69 564 2,6571,1173025.8 28.5 2,7543409004Q11 2652381,124 69 572 2,4721,1572696.1 25.6 2,962261

5461Q12 2982171,199 69 584 2,1941,2343205.8 21.3 3,1363087262Q12 5022361,245 68 806 2,1411,4495587.8 17.7 3,129336

1,1093Q12 5122321,367 64 808 2,1551,6114647.1 16.1 2,6384621,1054Q12 4252681,555 63 756 1,8381,7393975.8 12.7 3,251449

1,3251Q13 4932971,582 62 852 1,6691,8504316.5 10.8 3,4993351,0412Q13 5762391,712 56 871 1,4051,7774856.1 9.5 4,001466

8903Q13 6311881,708 52 871 1,2741,7714586.1 8.6 4,1004581,6184Q13 5391581,735 50 747 1,7301,7263525.2 12.0 4,280476

1,7551Q14 5111351,787 46 692 1,7971,6273324.6 13.3 4,2403871,5542Q14 5461201,743 46 712 1,3751,5844424.9 10.4 5,7614221,9963Q14 6491171,688 43 809 1,6441,6265005.8 12.1 5,8764032,1024Q14 6441191,586 46 809 2,1841,6483746.1 15.9 5,265374

2,3791Q15 7211911,491 53 965 2,4121,7644487.8 16.4 5,7902922,5522Q15 6722241,542 60 956 2,1411,7864647.4 14.4 22,277473

Hwy 290 & Mueschke Rd - 5 MileHistorical Housing Activity Summary

Qtr UCFinVacAnnClos

QtrClos Total Inv VDL

AnnStarts

QtrStarts

VDLSupply

Ann Lot DelivFut LotsModel

Copyright MetrostudyHouston Residential Survey (2Q15)

TotalSupply

1,4172Q11 2842451,117 67 596 2,8561,1203436.4 30.6 2,5842909933Q11 2802151,163 69 564 2,6571,1173025.8 28.5 2,7543409004Q11 2652381,124 69 572 2,4721,1572696.1 25.6 2,962261

5461Q12 2982171,199 69 584 2,1941,2343205.8 21.3 3,1363087262Q12 5022361,245 68 806 2,1411,4495587.8 17.7 3,129336

1,1093Q12 5122321,367 64 808 2,1551,6114647.1 16.1 2,6384621,1054Q12 4252681,555 63 756 1,8381,7393975.8 12.7 3,251449

1,3251Q13 4932971,582 62 852 1,6691,8504316.5 10.8 3,4993351,0412Q13 5762391,712 56 871 1,4051,7774856.1 9.5 4,001466

8903Q13 6311881,708 52 871 1,2741,7714586.1 8.6 4,1004581,6184Q13 5391581,735 50 747 1,7301,7263525.2 12.0 4,280476

1,7551Q14 5111351,787 46 692 1,7971,6273324.6 13.3 4,2403871,5542Q14 5461201,743 46 712 1,3751,5844424.9 10.4 5,7614221,9963Q14 6491171,688 43 809 1,6441,6265005.8 12.1 5,8764032,1024Q14 6441191,586 46 809 2,1841,6483746.1 15.9 5,265374

2,3791Q15 7211911,491 53 965 2,4121,7644487.8 16.4 5,7902922,5522Q15 6722241,542 60 956 2,1411,7864647.4 14.4 22,277473


Qtr UCFinVacAnnClos


AnnStarts

QtrStarts

VDLSupply



TotalSupply

1,4172Q11 2842451,117 67 596 2,8561,1203436.4 30.6 2,5842909933Q11 2802151,163 69 564 2,6571,1173025.8 28.5 2,7543409004Q11 2652381,124 69 572 2,4721,1572696.1 25.6 2,962261

5461Q12 2982171,199 69 584 2,1941,2343205.8 21.3 3,1363087262Q12 5022361,245 68 806 2,1411,4495587.8 17.7 3,129336

1,1093Q12 5122321,367 64 808 2,1551,6114647.1 16.1 2,6384621,1054Q12 4252681,555 63 756 1,8381,7393975.8 12.7 3,251449

1,3251Q13 4932971,582 62 852 1,6691,8504316.5 10.8 3,4993351,0412Q13 5762391,712 56 871 1,4051,7774856.1 9.5 4,001466

8903Q13 6311881,708 52 871 1,2741,7714586.1 8.6 4,1004581,6184Q13 5391581,735 50 747 1,7301,7263525.2 12.0 4,280476

1,7551Q14 5111351,787 46 692 1,7971,6273324.6 13.3 4,2403871,5542Q14 5461201,743 46 712 1,3751,5844424.9 10.4 5,7614221,9963Q14 6491171,688 43 809 1,6441,6265005.8 12.1 5,8764032,1024Q14 6441191,586 46 809 2,1841,6483746.1 15.9 5,265374

2,3791Q15 7211911,491 53 965 2,4121,7644487.8 16.4 5,7902922,5522Q15 6722241,542 60 956 2,1411,7864647.4 14.4 22,277473


Qtr UCFinVacAnnClos


AnnStarts

QtrStarts

VDLSupply



290to ll

99



Ashley Strickland281.477.4378 [email protected]

David K. Meyers281.477.4325 [email protected]

17,729 SF shopping center located on the northeast corner

of Hwy 290 and Mueschke Rd, less than 2 miles from

Fairfield and the newly opened Grand Parkway.

• Fairfield is a 3,200 acre master planned community with

5,800 homes upon completion

• Highly acclaimed Cypress-Fairbanks School District

• The Cy-Fair campus of Lone Star College is located close

by on Barker Cypress Road

• Over 1,000 feet of frontage along US 290

• Memorial Hermann to build new, state-of-the-art, 80 bed

hospital, $168 million project in Cypress. The campus will

be built on a 32-acre. Phase I of the Cypress project is

scheduled to begin in early 2015

Traffic Generators

• 475,000 SF Houston Premium Outlets

• 500,000 SF HEB power center, located on the northeast

corner of this intersection

Frontage

• Approximately 1,100 FT on U.S. 290

• Approximately 400 FT on Mueschke Rd

Traffic Counts

• Hwy 290 west of Mueschke = 80,054 CPD (TxDoT 2013)

• Hwy 290 east of Mueschke = 89,487 CPD (TxDoT 2013)

• Mueschke north of Hwy 290 = 16,500 CPD (TxDoT 2011)

04.05.16



04.16

TRACT 3

TRACT 4

TRACT 5

TRACT 6

RETAIL

Owned byPappas Restaurants, Inc.





SASSY NAILS

2 Miles 3 Miles 5 Miles

POSTAL COUNTS

Current Households 10,242 26,076 49,952

Current Population 32,572 83,290 157,362

2010 Census Average Persons per Household 3.18 3.19 3.15

2010 Census Population 20,506 39,166 84,824

Population Growth 2010 to 2020 58.86% 112.71% 85.57%

CENSUS HOUSEHOLDS

1 Person Household 13.14% 11.55% 12.01%

2 Person Households 26.26% 26.69% 27.44%

3+ Person Households 60.61% 61.76% 60.55%

Owner-Occupied Housing Units 86.91% 89.95% 89.01%

Renter-Occupied Housing Units 13.09% 10.05% 10.99%

RACE AND ETHNICITY

2020 Estimated White 72.47% 73.70% 72.98%

2020 Estimated Black or African American 11.70% 10.80% 10.45%

2020 Estimated Asian or Pacific Islander 5.30% 5.85% 6.86%

2020 Estimated Other Races 10.01% 9.17% 9.21%

2020 Estimated Hispanic 25.15% 24.06% 24.02%

INCOME

2020 Estimated Average Household Income $115,457 $128,970 $134,155

2020 Estimated Median Household Income $108,504 $114,410 $116,730

2020 Estimated Per Capita Income $37,700 $41,664 $43,807

EDUCATION (AGE 25+)

2020 Estimated High School Graduate 17.26% 17.08% 15.09%

2020 Estimated Bachelors Degree 34.94% 35.46% 36.14%

2020 Estimated Graduate Degree 13.54% 15.26% 16.77%

AGE

2020 Median Age 34.4 34.7 35.0

2010 Census, 2020 Estimates withDelivery Statistics as of 10/20

Our quest is your success. Specializing in retail space leasing,

management, development, land brokerage,

investment sales and tenant representation,

NewQuest Properties is one of the premier

commercial real estate brokerage firms in

Texas and Louisiana.

Our dedicated team excels at meeting

your needs and exceeding all expectations.

From retail center development, leasing,

acquisition and financing to architectural

design, marketing, space planning, and

property management, NewQuest is an

expert at bringing your commercial project

vision to life.

10,746,775 SFOWNED

12,135,000 SFLEASED

11,718,969 SFMANAGED

Dallas / Ft. Worth Area

Greater Houston Metro

Corpus Christi

Shreveport

New Braunfels

Pflugerville

DEMOGRAPHICS

Information About Brokerage Services

TYPES OF REAL ESTATE LICENSE HOLDERS:• ABROKERisresponsibleforallbrokerageactivities,includingactsper-

formedbysalesagentssponsoredbythebroker.• ASALESAGENTmustbesponsoredbyabrokerandworkswithclients

onbehalfofthebroker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the per-son or party that the broker represents):

• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests;

• Informtheclientofanymaterialinformationaboutthepropertyortrans-actionreceivedbythebroker;

• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient;and

• Treatallpartiestoarealestatetransactionhonestlyandfairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD):Thebrokerbecomesthepropertyowner’sagentthroughanagreementwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationabouttheproertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.

AS AGENT FOR BUYER/TENANT:Thebrokerbecomesthebuyer/tenant’sagentbyagreeingtorepresentthebuyer,usuallythroughawrittenrepre-sentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.

AS AGENT FOR BOTH - INTERMEDIARY:Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:

• Musttreatallpartiestothetransactionimpartiallyandfairly;• May,withtheparties’writtenconsent,appointadifferentlicenseholder

associatedwiththebrokertoeachparty(ownerandbuyer)tocommuni-catewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.

• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:• thattheownerwillacceptapricelessthanthewrittenaskingprice;• thatthebuyer/tenantwillpayapricegreaterthanthepricesubmitted

inawrittenoffer;and• anyconfidentialinformationoranyotherinformationthatapartyspe-

cificallyinstructsthebrokerinwritingnottodisclose,unlessrequiredtodosobylaw.

AS SUBAGENT:Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BRO-KER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:•Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsundertherepresentationagreement.•Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeandhowthepaymentwillbecalculated.

LICENSE HOLDER CONTACT INFORMATION:Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

LicensedBroker/BrokerFirmNameorPrimaryAssumedBusinessName

DesignatedBrokerofFirm

LicensedSupervisorofSalesAgent/Associate

SalesAgent/Associate’sName

LicenseNo.

LicenseNo.

LicenseNo.

LicenseNo.

Phone

Phone

Phone

Phone

Email

Email

Email

Email

Buyer/Tenant/Seller/LandlordInitials Date

RegulatedbytheTexasRealEstateCommission(TREC)|Informationavailableathttp://www.trec.texas.gov

The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.

Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management

8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300

Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300

H. Dean Lane, Jr. 366134 [email protected] (281)477-4300

H. Dean Lane, Jr. 366134 [email protected] (281)477-4300

Rev. 12/03/20 ct

cypress lakes crossing - newquest properties · 2020. 8. 17. · historical housing activity...

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