Wednesday, November 14, 2012

Cypress Waters Second Phase Announced

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Located at the northeast corner of Belt Line Road and I-635, in the heart of DFW, lies Cypress Waters. Consisting of approximately 1000 acres of mixed use development and situated along the shores of the scenic and pristine North Lake, Cypress Waters will infuse water front living with the design principles of new urbanism and sustainable design.

 Emphasizing the benefits of a live/work community, the development will interconnect over 4.5 million square feet of commercial/retail space and 10,000 residences with schools, parks, trails and a lakeside town center. Servicing Coppell, Valley Ranch and North Irving, Cypress Waters will have 25,000 employees within a one-mile radius.
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Billingsley Co. is planning to add over one million sf of office and industrial space to The Office at Cypress Waters, part of the 1,000-acre mixed-use development north of LBJ Freeway at Belt Line Rd.

Also part of the second phase is a shopping center and additional residential units. Billingsley is currently constructing 686 apartments in the first phase of the community, which will open in April 2013.

When completed, the master-planned community will have 10,000 residential units, four million sf of office space and 400,000 sf of retail.

RECON (Real Estate Online Newsletter)