Construction is underway on Pearl Lake Pointe, a 376-unit luxury multifamily community that marks Sugar Land’s first new apartment development in more than a decade. 

The project, developed by The Morgan Group in partnership with Carlyle, is rising on 6.46 acres at 16435 Creekbend Drive on the Lake Pointe peninsula.

The five-story development will include five live-work units, a six-story parking garage, and nearly 10,000 square feet of commercial office space. Planned amenities include multiple fitness centers, a pool, a golf simulator, a sky lounge, and a café. Residential units will feature balconies in select residences. The community is positioned to offer views of Brooks Lake. It sits adjacent to the former Fluor corporate campus, which is being redeveloped into the Lake Pointe Green mixed-use project.

Pearl Lake Pointe is owned and will be managed by Morgan and Carlyle, with financing provided by Texas Capital Bank. The first units are expected to be delivered in early summer 2027.