For any commercial development to be successful there needs to be people. In mixed-use developments where it is more compact, dense, and walkable the close proximity of people in and around the development are essential for not only creating the demand for retail and dining establishments but also ensuring they continue to thrive. Multi-family or other similar dense housing products are essential to providing the economic success of the project.
Ultimately, we want this to be a financially successful and sustainable development that will benefit our community for years to come. This denser type of development also has other benefits, such as creating desirable workplaces for new, expanded, and existing businesses, pathways to homeownership, public infrastructure improvements and quality of place amenities.?This also helps maintain Sugar Land’s high-level of services and amenities while sustaining one of the state’s lowest tax rates.
Visit the Lake Point Plaza Redevelopment page for more information