Caldwell Communities opens active-adult rental community in Towne Lake

Cypress-based Caldwell Communities has opened its second multifamily active-adult community, Cadence Creek at Towne Lake.

The gated community for residents 55 years of age and older is located at 11411 Greenhouse Road, on the corner of Cypress North Houston Road, in Caldwell’s Towne Lake master-planned community in Cypress.

The majority of the construction is finished, and Caldwell expects the final phase to be completed by early next year. The first residents moved in recently, and Caldwell is seeing “a tremendous amount of interest,” according to Michael McConathy, development manager of the community.

Tenants can choose between more than 153 one- and two-bedroom apartment units from 760 to 1,230 square feet and 84 cottages between 900 and 1,200 square feet with yards and one-car garages. Rents are between $1,500 and $3,000.

“Cadence Creek is a unique blend of over 20 years of active-adult development coupled with best-in-class amenities and maintenance-free living that you will find with apartment and cottage homes,” Caldwell Residential Rental President Todd Johnson said in a statement. “We are really thrilled that Cadence Creek will be nestled within our Towne Lake development and will be an incredible opportunity for grandparents seeking to live closer to their kids and grandkids.”

All units have stainless-steel appliances, quartz countertops, designer tile backsplashes, wood-style flooring, bedroom carpeting, walk-in closets with custom shelving, washers and dryers, and individual patios and balconies.

Select units feature island kitchens, soaking tubs, dual vanities with custom-framed mirrors, courtyard views, rentable private detached garages and rentable carports.

Community amenities include a resort-style courtyard and pool with outdoor fire pits and grills, a dog park, fitness center, a movement studio and instructor-led fitness classes.

In addition, there is a library, dining lounge and demonstration kitchen, theater room with surround sound, arts and crafts studio with gift wrapping station, and a game room.

Residents of Cadence Creek will not share amenities with the Towne Lake community.

A dedicated lifestyle director will plan social and wellness activities for active seniors, such as cooking and crafts classes, gardening workshops, yoga and game nights.

Caldwell has built active-adult single-family communities for the past 20 years, such as the 1,200-acre Chambers Creek, which began sales last November. The company just recently got into active-adult multifamily development, opening its first active-adult apartment complex, the 189-unit Cadence Creek at Gosling, at 21901 Gosling Road in the Spring-Klein area, last year.

It’s part of a growing trend, as developers have recognized the demand from retirees who want to lead an active lifestyle without having to worry about home maintenance and all the responsibilities that come with homeownership.

Other developers of active-adult apartment complexes in Greater Houston include Houston-based Canterbury Development led by Iggy Grillo, who was among the first to focus on this type of development and has a goal of building three to four a year; Irving, Texas-based Edison Equity Management Corp., which is developing 55 Resort at Cypress Creek Lakes; and Gainesville, Texas-based Alder Mesa Holdings, which developed Alders at Cross Creek in Fulshear, a 172-unit apartment complex for those age 62 and older.


Related Articles