Lovett Group Begins $400M Lake Pointe Green Mixed-Use Redevelopment in Sugar Land

Former Fluor HQ Razed, $400M Mixed-Use Venture On Way
CRE Market Beat Take
Repositioning a 1.1 million-square-foot legacy HQ into housing and neighborhood retail highlights ongoing value shifts away from single-tenant office campuses in favor of mixed-use residential density.

Lovett Group has cleared the former Fluor Corporation headquarters campus and is preparing to launch Lake Pointe Green, a large-scale mixed-use redevelopment. Demolition is complete across the 53-acre site that once housed Fluor’s four-building corporate campus, setting the stage for a multiyear build-out. According to reporting from the Houston Business Journal, the project carries a planned development cost of approximately $400 million.

The vision for Lake Pointe Green centers on a substantial residential program supported by open space and future retail. Current plans call for about 720 apartment units along with roughly 350 single-family homes and townhomes across the property. In addition, the master plan includes 10 acres of dedicated green space, which will serve as a key amenity and organizing feature for the new neighborhood.

Lovett Group affiliates are expected to take the lead on the for-sale residential components, including the single-family homes and townhomes. The apartments will be delivered by one or more separate multifamily developers, which have not yet been identified in the available information. As part of the mixed-use approach, Lovett Group is planning ground-floor retail space in one or both of the planned apartment communities, adding a neighborhood-serving retail layer to the largely residential redevelopment.

The company is targeting a phased schedule and has indicated a goal of completing the full build-out of Lake Pointe Green within seven years. That timeline reflects the scale and complexity of transforming a large corporate campus into a diversified residential district with supporting amenities. With demolition already finished, the project is moving from planning into active site work and vertical development.

The city of Sugar Land laid groundwork for this transition in 2023 by establishing the Lake Pointe Redevelopment District in anticipation of Fluor vacating its 1.1 million-square-foot campus. Fluor, a global engineering and construction firm, subsequently relocated its operations to 737 N. Eldridge Parkway in Houston’s Energy Corridor in 2024. That move freed up the legacy headquarters site for redevelopment and opened the door for Lovett Group’s Lake Pointe Green plan, which will introduce a significant new supply of housing and neighborhood retail to the area.

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