Miami-based developer Advenir Capital LLC has begun work on a new community that will be built on 40 acres, off State Road 52, just north of the Publix at Mirada.
The development, known as LEO at Cypress Creek, was designed by Nequette Architecture & Design of Birmingham, according to a news release. General contractor BBL Building Co., based in Dallas, will begin construction in June on the $93.5 million development.
LEO at Cypress Creek features 315 built-to-rent units, a clubhouse and a pool on 36 acres. The project also has 4 acres designated for commercial use.
The housing types are a mixture of traditional standalone cottages, duplexes and townhomes. They range in size from one-bedroom with 728 square feet to the three-bedrooms with 1,510 square feet, the release says.
Amenities include a resort-style swimming pool, a clubhouse with 24-hour fitness center, an E-lounge, free Wi-Fi throughout the community, pocket parks and a pet washing station, according to the release.
The first units at LEO at Cypress Creek are expected to be delivered by June 2025, according to Matt Vecchitto, principal of Advenir Capital LLC d/b/a LEO@Cypress Creek LLC. The community is expected to be completed by the spring of 2026.
The new San Antonio development is less than 2 miles east of Interstate 75.
Advenir selected the location for its proximity to the 965-acre Double Branch master-planned development, which broke ground in 2023, the release says. That project has been approved for 400,000 square feet of retail, 725,000 square feet of office and 4 million square feet of industrial. It is expected to employ 6,000 people.
LEO at Cypress Creek also will benefit from its proximity to the 1.4 million-square-foot Target fulfillment center that is expected to be completed in 2024 and is expected to employ 2,400. The development also is close to the recently announced 365,000-square-foot Johns Hopkins All Children’s Hospital, the release notes.
For more information about LEO Cypress Creek, visit LeoLiving.com.
Published February 14, 2024
