HOUSTON – Mischer Investments, LP will develop for Cypress Creek Lakes, a 29,000-square-foot medical and office development in Cypress, just northwest of Houston.
Construction will commence at 19414 Cypress N. Houston Road when the project is 50% preleased. Transwestern Medical Leasing Associate Ashley Cassel will lease the property on behalf of the developer and owner, Mischer Investments of Houston.
“We are excited to market this Class A medical office project in such a sought after location,” said Cassel. “The payer mix and insured population in this area will draw top-level physicians to the development, especially as average household income and number of projected households continues to grow exponentially.”
The two-story medical office project will be at the southeast corner of Fry Road and Cypress N. Houston Road, directly across from the main entrance to the Bridgeland master-planned community. The property will feature covered parking, a covered patient drop-off and a modern two-story lobby with abundant natural light. In addition to this project, Mischer developed the existing retail center just north of the site and the surrounding Cypress Creek Lakes residential subdivision.
“The quality of life for families can’t be beat in this area of Cypress,” said Randy Corson, vice president of Mischer Investments. “It has grown so much and offers everything from national retailers and restaurant chains to locally owned boutiques and dining spots.”
The predominantly residential area within a five-mile radius of the development experienced nearly a 200-percent growth in population between 2002 and 2013. In addition, residential development continues nearby in the Bridgeland, Canyon Lakes W Town Lake and Cypress Creek Lakes communities.