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12/12/25
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Morgan and Carlyle have broken ground on Pearl Lake Pointe, a new luxury apartment community located at 16435 Creekbend Drive in Sugar Land, TX. This is the first multifamily site to receive entitlements in Sugar Land since 2012.
Located approximately 20 miles southwest of downtown Houston, Pearl Lake Pointe will encompass a five-story wrap community comprising 376 apartments—including five live-work units—over 6.46 acres. Residents will have access to a resort-inspired pool, a state-of-the-art fitness centers, golf simulator, fifth-floor sky lounge, and a first-floor café. The site also includes 9.9k sf of commercial office space and a six-story parking garage, with luxury units featuring open-concept layouts with quartz countertops, stainless-steel appliances, in-unit washers and dryers, and balconies in select homes.
Situated adjacent to the former Fluor campus with picturesque views of Brooks Lake, Pearl Lake Pointe is designed to offer a differentiated lifestyle within Sugar Land’s rare multifamily-zoned land. The delivery of first units is anticipated for the second quarter of 2027. The development will be managed and owned by Morgan and Carlyle, with project financing provided by Texas Capital Bank.
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