Bridgeland is a master planned community in Cypress, Texas. Construction is set to begin in the Fall of 2011 on The Lakeland Village Center. This Center will be a mixed-use center with retail, apartments, and restaurants. Bridgeland’s Lakeland Village Center will be located on the corner of Fry and Bridgeland Lake Parkway. The center will be right across CyRanch High School.
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The Lakeland Village Center will look like a large house, with the first floor encompassing retail and restaurants. The second and third floors will be apartments. There will also be a private school on the property. All in all, there will be 24 acres devoted to mixed-use development.
This type of development is getting quite popular in the Greater Houston area. If you look at what City Centre has become or the development around Kirby and Westheimer, you can get an idea of what is to come. Woodlands has incorporated some of this type of development as well.
I firmly believe that this center will add to home owner resale values. People want the convenience of living in close proximity to retail shops and restaurants. As far as the apartments go, my guess is that they will be higher end, and these days, some apartment rents are higher than home mortgages.