Caldwell Companies has announced new ground-breaking real estate opportunities in the award-winning Towne Lake community’s residential and commercial sections.

Available for sale in the master-planned Towne Lake community in northwest Houston are seven prime land sites ranging in size from one to 25 acres.

Caldwell Companies’ Keith P. Grothaus, CCIM, SIOR, said the timing was right to put these commercial oriented properties on the market. He said Towne Lake has the infrastructure and utilities in place to support new commercial development.

“We believe Towne Lake has grown to a size where we think it is a good time to expand the offerings we have for our residents and the surrounding community,” Grothaus said.

He said there are five (pad) sites in the one- to two-acre range that are ideal for retail, restaurant, hotel, and/or professional businesses. All five pad sites front Barker-Cypress Road and are located south of Tuckerton Road – the community’s “Main Street.”

A 12-acre site for sale on the corner of Barker Cypress and Tuckerton Road would be a prime spot for a community church, Grothaus said, and a 25-acre site at the corner of West and Greenhouse roads would be ideal for many uses. The developers are willing to subdivide the 25 acre tract for a use that “fits” the overall community character. We are looking for uses that will fill the needs of our community.

“These new additions will enhance the community,” he said.

Interested parties should contact Keith Grothaus at 713-690-0000

Starting in May, 40 residential lots – 20 on Towne Lake’s centerpiece lake - will be available for custom homes in a new section of the Heritage Towne Lake’s active adult community, said Peter Barnhart, Caldwell Companies’ Vice President of Development. Homes in the gated enclave will start in the high 300,000’s and will have access to a private marina.

In the larger Towne Lake community a new gated section of 35 custom lots – 15 water front properties included - will be available in October. This new section will also feature a private marina and will be located adjacent to the Heritage’s gated community off Hamilton Hills Drive.

Also in the fall, a third section of new homes will break ground near Cy-Fair ISD’s Rennell Elementary School, which is under construction on Tuckerton Road. Homes will start in the low $200,000s and will be constructed on 60-foot lots. Builders will be selected from a list of Houston’s best and will be announced soon, Barnhart said.

“In an effort to help Towne Lake grow quickly, we continue to add new and exciting products to our housing mix,” Barnhart said.

The company is scheduled to open the new main entrance of Tuckerton Road in the later part of 2010. This new entry at Barker Cypress will be a major milestone for Towne Lake by providing much quicker access to Hwy 290 and area amenities. Rennell Elementary School will open in August.

To learn more about the community, residents and future residents can tie into the Towne Lake by becoming a Facebook fan at http://www.facebook.com/TowneLakeTX, and http://twitter.com/TowneLakeTX; and can view insightful videos at http://www.youtube.com/user/townelaketx. There links to all sites on the Towne Lake website - www.townelaketexas.com.

The Towne Lake community’s Welcome Center is located at 9214 W. Bridgeport Pass Circle.