HOUSTON – Cypressbrook Development Co. of Houston has broken ground on Ariza College Station, a 266-unit apartment community in College Station, northwest of Houston.
The project will be located just east of the Highway 6 bypass off of Harvey Road or State Highway 30 about 2.5 miles west of the Texas A&M University campus.
Led by Michael Novelli, Cypressbrook Development, based in The Woodlands, develops multifamily and manages, leases and develops a variety of commercial property types.
Cypressbrook Development has been working on multifamily projects in secondary markets to find opportunity outside of urban areas.
“One of our focus areas at Cypressbrook is apartment development in second tier Texas cities where land is more affordable and rents healthy that enables us to achieve a better yield-on-cost than we might expect in more competitive, major markets. College Station fits this profile perfectly,” said Cypressbrook development principal Jon Belanger.