Cypress: 314-Unit Pelican Cypress Plaza Registered at $26M
A TDLR filing dated Nov. 9 lists 314 new rental units at 20510 Cypress Plaza in Harris County, estimated at $26M, with construction set to start Dec. 1.
- Source Briefing
- Public record
A new-construction rental community called Pelican Cypress Plaza was registered with the Texas Department of Licensing and Regulation on Nov. 9, 2026. The filing covers 314 rental units at 20510 Cypress Plaza in Cypress, Harris County, at an estimated cost of $26 million.
Why it matters
Registration under the state’s accessibility program (TABS) comes before construction, so the filing is an early marker of a project that has not yet broken ground. The owner on the record is 55 Resort at Cypress Creek, which lists an Ocala, Florida address. That makes this an out-of-state owner entering the northwest Harris County rental market. No operating brand is named on the registration, and we have not verified one.
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The numbers
- Estimated cost: $26,000,000, per the registration.
- Size: 346,274 sq ft, which works out to roughly $75 per sq ft.
- Units: 314 rental units across seven base floor plans, plus 2 accessible units, per the scope of work. That is about $82,800 per unit.
- Schedule: construction start Dec. 1, 2026; completion Oct. 1, 2028.
- Type of work: new construction, privately funded on private land.
- Design firm: Meeks + Partners Co. of Houston.
The cost per square foot is low for new multifamily, which suggests the figure may be a partial estimate of construction cost rather than total project cost. The filing does not say what it includes.
What’s next
The record shows the project as registered, not yet reviewed or inspected. The filing is a registration, not a building permit. We will watch for a permit, a lender filing or a construction contractor announcement ahead of the Dec. 1 start date.
For other recent filings in the region, see our earlier Houston TDLR pipeline roundup and the Houston market page.
On the record
Pelican Cypress Plaza registered with TDLR on Nov. 9, 2026 as new construction of 314 rental units plus 2 accessible units, 346,274 sq ft, estimated at $26,000,000, owner 55 Resort at Cypress Creek of Ocala, Florida
Public record · tdlr.texas.gov