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A  million ‘modern living’ development is coming to Houston’s Clear Lake area

A $90 million ‘modern living’ development is coming to Houston’s Clear Lake area

What was described as a sleepy coastal neighborhood is now seeing a major mixed-use development take shape that one real estate agent says could bring new life to the area.

The cities of Taylor Lake Village and El Lago will soon be home to a $90 million mixed-use development with an emphasis on walkability and ‘modern living.’

The development is split into two geographical areas- the north development called Taylor Lake Canals, located in the city of Taylor Lake Village, and the southern unnamed development located in the city of El Lago. Both projects will bring several penthouses and condos, single-family homes, a half-acre sandy bottom lagoon, walking trails, a dog park, and a floating barge with public restaurants and a members-only club. 

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“There’s nothing like it anywhere out there,” said Dawna Boudreaux, real estate agent at Karen Derr Realtors who is representing the sales portion of the project. Boudreaux also grew up in the area and recalled seeing the property as an eyesore before the development. “It’s really exciting because they’re going to completely change the area’s landscape.”

Pre-construction for the Taylor Lake Canals, located on the north side of NASA Road 1, started 18 months ago. According to the developer, Palt Inc., one of the main draws of the entire ‘modern living’ development is its walkability, with residents and visitors being able to walk across the street to restaurants and retail stores. 

In the Taylor Lake Canals, there will be a total of six condo buildings with 72 units, 24 of which will be three-bedroom penthouses and 48 will be two-bedroom condos. According to Karen Derr Realtors, pricing for the condos will be between $300,000 to the mid $500,000s. There will also be 34 gated single-family homes. The northern development will also be the location of the sandy bottom lagoon with a swim-up beach on either side for the private use of the condo and single-family home residents.

The first floor of each condo building will have retail or office space, Boudreaux said, and they are expecting to have at least two restaurants.

“They’re going to be some pretty cool restaurants,” Boudreaux said, “they’re not going to be franchises.”

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The first phase of the condos has already begun and the Taylor Lake Canals project should be completed by February 2023, according to the developer.

The unnamed southern development will have the floating barge with a restaurant, a private members-only club with balconies overlooking the lake, a pool with a swim-up bar, and an area of outdoor dining and entertainment. It will also have a 20 room boutique hotel with 1000 square feet suites, all with balconies overlooking Clear Lake.

The southern development will include four condo buildings with 40 units that will be 1500-2200 square feet each with large balconies, starting in the low $400,000 to mid $600,000s. The condos will have two swimming pools with a lazy river that will be shared with the anticipated 41 townhomes priced in the low $500,000s to high $700,000s.

Site work on the southern development has started and building is anticipated to start mid-summer, with estimated completion in December 2023.