Cypress Waters

What Cypress Waters does

Cypress Waters is a 1,600-acre master-planned waterfront development in the Dallas Fort Worth metroplex, owned and operated by Billingsley Company and organized around a 300-acre North Lake. The development integrates three real estate product lines on a single campus: Class A office space serving approximately 17,000 office tenants, 45,000 square feet of retail space at full build-out (with 5,700 SF currently available) hosting 16 on-site restaurants and lakefront dining at The Sound entertainment district, and multi-family residential units at The Neighborhoods at The Sound. It markets to office tenants seeking premium waterfront space near DFW International Airport (five minutes away), to retailers seeking high-visibility locations with highway signage and built-in foot traffic, and to residents seeking walkable urban apartment living at sub-uptown pricing.

The business operates a multi-channel leasing model with dedicated contacts for office (Marijke Lantz), retail (Tracy Underwood), and residential leasing, supplemented by a channel partnership with Duwest Realty for retail pad transactions. Revenue streams include subscription-recurring office, retail, and residential rent, plus transaction-fee revenue from event venue rentals at The Sound and a growing suite of retail marketing services (lobby digital screens, email newsletter, Olympus digital billboard, social media promotion, lobby events, and sponsorship placements). The development is differentiated by an extensive amenity stack including six fitness centers, six conference centers, golf and pickleball/tennis facilities, hike and bike trails, Tesla Superchargers, a car wash, an on-site health clinic (The Grove Health Center), an art walk, and a tenant-facing mobile app. A cross-property resident discount program (Billingsley Perks) extends across 6,000+ apartment residents in the broader Billingsley DFW portfolio. The development's primary distribution advantage is its location adjacent to LBJ Freeway with connections to SH 114, 121, and 161, providing access to a 3.83 million population labor pool within a 20-mile radius.

Name

Cypress Waters

Legal name

Cypress Waters

Website

https://cypresswaters.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Office Space Leasing: Revenue generated from leasing office space within the 1,600-acre master-planned development. The development features office buildings adjacent to North Lake with convenient freeway access.
2. Retail Space Leasing: Revenue from leasing 45,000 SF of retail space at full build-out, with 5,700 SF currently available. Restaurants and shops along LBJ Freeway and at The Sound generate retail traffic.
3. Residential Leasing: Revenue from apartment rentals at The Neighborhoods at The Sound, offering four urban styles of apartments with walkability to restaurants and venues.
4. Event Venue Rental: Revenue from renting event facilities and venues at The Sound for concerts, corporate events, and community gatherings.
5. Retail Marketing Services: Fees for retail marketing services including lobby digital screens, weekly email newsletter placement, social media promotion, lobby events, sponsorships, and Olympus digital sign advertising.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Cypress Waters is a 1,600-acre master-planned waterfront development in the Dallas Fort Worth metroplex that leases Class A office space, retail space (45,000 SF total), and multi-family residential apartments within an integrated community centered around a 300-acre lake. The development also operates The Sound entertainment district with waterfront dining, concerts, and rentable event venues, complemented by extensive on-site amenities including fitness centers, conference centers, golf, sports courts, dining, and EV charging.

Product overview

Cypress Waters is a 1,600-acre master-planned waterfront development in the Dallas Fort Worth metroplex, developed and managed by Billingsley Company. The development is organized around a 300-acre lake and offers a diversified portfolio of real estate products: Class A office space leasing, 45,000 SF of retail space with lakefront dining at The Sound, and multi-family apartments at The Neighborhoods at The Sound. The integrated community provides extensive amenities including six fitness centers, conference facilities, golf (9-hole putting green and indoor simulator), pickleball and tennis courts, hike and bike trails, on-site dining (16 restaurants), car charging/wash services, health clinic, and event venues. The Sound serves as the entertainment district featuring concerts, events, and lakefront retail. The development serves over 4,500 residents and 17,000 office tenants with digital services including a tenant mobile app.

Differentiator

Problem solved

Functional benefit

Brands

• The Sound: Waterfront entertainment district within Cypress Waters featuring lakefront dining, concerts, events, and event venues

Products and services

• Office Space Leasing

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Duwest RealtycoreChannel Partner/ Reseller/ DistributorReal estate brokerage partner handling retail pad listings and leasing for Cypress Waters. The partnership enables professional retail real estate services for businesses seeking space at the development.
• White Rhino CateringcoreOthersOn-site catering provider for company meetings, events, and parties at Cypress Waters. Part of the comprehensive food and beverage offerings available to tenants and event hosts.
• Miriam's CateringcoreOthersOn-site restaurant and catering provider offering Mexican cuisine for events at Cypress Waters.
• Fogo de ChaominorOthersBrazilian steakhouse providing catering options for events at Cypress Waters through their online ordering platform.
• Billingsley CompanycoreOthersThe developer and property owner of Cypress Waters. Copyright holder for the development. Manages multiple residential communities across DFW with over 6,000 apartment residents eligible for the Billingsley Perks discount program.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• CityCentre (Houston, TX): CityCentre is a mixed-use development in Houston featuring Class A office, multi-family residential, retail, dining, hotels, and entertainment studios. Comparable to Cypress Waters as a mixed-use project with a diverse tenant base and integrated amenities.
• Domain (Austin, TX): Domain is a 304-acre mixed-use development in Austin featuring Class A office (Google, Meta, Amazon), luxury apartments, upscale retail, dining, and entertainment. Directly comparable in concept: integrated office-residential-retail-entertainment ecosystem targeting similar corporate tenant and resident demographics.
• The Woodlands (Howard Hughes Holdings): The Woodlands is a 28,000-acre master-planned community north of Houston featuring office, retail, residential, entertainment, and extensive amenities. It is the closest analog to Cypress Waters in concept: a large, integrated live-work-play community with recurring revenue across multiple real estate categories and a destination entertainment core.
• Bridgeland (Howard Hughes Holdings): Bridgeland is an 11,400-acre master-planned community in Cypress, TX (greater Houston) featuring residential, office, retail, and extensive lake/park amenities. Highly comparable master-planned concept targeting similar demographics in Texas with a similar mixed-use anchor.
• Hughes Landing (Howard Hughes Holdings): Hughes Landing is a 66-acre mixed-use waterfront development within The Woodlands featuring Class A office, luxury apartments, lakefront retail/dining, and entertainment. Closely mirrors Cypress Waters' office-residential-retail-waterfront entertainment mix at a more compact scale.
• Cityline (Richardson, TX): Cityline is a 186-acre mixed-use development in Richardson, TX featuring State Farm's regional hub, office space, restaurants, retail, and apartments. Direct DFW competitor with similar live-work-play positioning, drawing from the same labor pool.

Regional players

• Southlake Town Square: Southlake Town Square is a 130-acre mixed-use development featuring upscale retail, dining, Class A office, and apartments. Comparable DFW mixed-use peer targeting similar affluent tenants and residents within the same North Texas submarket.
• Legacy West (Plano, TX): Legacy West is a mixed-use development in Plano, TX featuring office (Toyota North America HQ), luxury apartments, upscale retail, and dining. Comparable DFW mixed-use competitor targeting similar corporate tenants and residents in the same metro labor pool.
• Mueller (Austin, TX): Mueller is a 700+ acre mixed-use redevelopment on the former Mueller Airport site in Austin featuring office, retail, residential, medical (Dell Children's), and parks. Comparable master-planned mixed-use community serving similar demographic profiles in a high-growth Texas metro.
• Grandscape (The Colony, TX): Grandscape is a 400+ acre entertainment, retail, and dining destination in The Colony, TX. While not a master-planned community, it competes directly with The Sound's entertainment district concept and is geographically proximate to Cypress Waters in the DFW market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/cwoffices
• Facebookfacebook.com/cypresswatersdfw
• LinkedInlinkedin.com/company/the-neighboorhoods-of-cypress-waters
• Instagraminstagram.com/cypresswatersdfw

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cypress Waters