Grand Parkway Marketplace Opens in Spring
Grand Parkway Marketplace is opening in Spring, TX. A 126,000-square-foot Target is the first retailer to open in the much-anticipated development. The project’s $87-million, 488,000-square-foot phase one is scheduled for completion in the third quarter of this year.
In addition to Target, multiple anchor tenants are scheduled to open at the center in the next few months. Some of these include TJ Maxx, Michaels, DSW, Ulta, Party City, and others.
Grand Parkway Marketplace is located along the newly opened Grand Parkway. This massive highway project surrounds the Greater Houston region. This prime location offers retailers street frontage along Grand Parkway, Spring Stuebner Road and Kuykendahl Road. There is also a direct route to The Woodlands, just a few miles north of the shopping center.
Recent additions to the area include new facilities for Noble Energy, Southwestern Energy, CHI St. Luke’s Health, and the ExxonMobil world headquarters. These facilities together house approximately 10,000 employees. Also, HP recently announced plans for a new campus. As a result, it would bring approximately 2,400 employees to the area. Phase one of Grand Parkway Marketplace will contain national, regional, and local tenants. There will be eight junior anchors, 11 outparcels and ample parking. It will also contain a restaurant village with a man-made lake, a series of fountains, and a boardwalk amenity for the restaurants.
Grand Parkway Marketplace II
Also underway is Grand Parkway Marketplace II. The second phase, located across the street, has three anchor boxes, two of which have been leased by Hobby Lobby and Academy Sports + Outdoors, with the third under lease negotiation. In addition, the planned $52-million phase two development will include a number of multi-tenant retail buildings, and several outparcels for restaurants, banks, or other retail uses. As a result, the two phases will encompass over 110 acres. This will create a retail hub of approximately 750,000 square feet.
#RubenAndNancy #TheVillarrealTeam #GrandParkwayMarketplace