SUGAR LAND, TEXAS — Locally based Morgan, along with partner Washington, D.C.-based Carlyle, has begun construction of Pearl Lake Point, a luxury property at 16435 Creekbend Drive in the southwest Houston suburb of Sugar Land. Pearl Lake Pointe will be a five-story community comprising 376 apartments — including five live-work units — across 6.5 acres. Residents will have access to a resort-style pool, fitness centers, a golf simulator, a fifth-floor sky lounge and a first-floor café. The site also includes 9,940 square feet of commercial office space and a six-story parking garage.
Units feature open-concept layouts with quartz countertops, stainless-steel appliances, in-unit washers and dryers and balconies in select homes. Completion is slated for the second quarter of 2027. Project financing was provided by Texas Capital Bank. Pearl Lake Point is being developed on the former campus of the Fluor Corp., a global engineering firm that vacated the location in 2023 after 40 years.