In March, CDC Houston and Woodbine Development Corporation broke ground for the Marriott CityPlace at Springwoods Village. The shopping center will include restaurants, such as Torchy's Tacos, MOD Pizza and The Big Salad. Anchored by Kroger Marketplace, the 170,000-square-foot shopping center should be completed in fall 2017, according to Springwoods Village developer CDC Houston. Retail and restaurant development continues in Springwoods Village, where the Regency Centers Corporation plans a fall opening for The Market at Springwoods Village south of the Grand Parkway and west of I-45. New tenants include U'Maki Sushi Burrito, which will be open by the end of May. Vintage Marketplace, a Read King development at Cutten and Louetta roads in The Vintage, is now completely leased, said Read King Marketing Coordinator Sarah Dodds. Longtime tenants like Peli Peli, an African fusion restaurant, and Mexican eatery El Tiempo continue to perform well and attract large crowds, White said. Vintage Park's newest tenant is Hopdoddy Burger Bar, which is the Austin chain's third Houston area location. "The boutiques we had coming in were strong performers, and we knew with the entrepreneurship and caliber of tenant we already had that Vintage Park would be a good home for those types of tenants," he said. The company has since increased the center's occupancy rate to 95 percent.īecause of the state of the economy at the time, Vintage Park was not an attractive site for large, national retailers, which made it a good destination for the small boutiques and local businesses it houses today, White said. 249 from Interfin in 2012 when the center was about 27 percent occupied, said Ben White, vice president of leasing at Dunhill. New restaurants announced for the area this year include the popular Austin-based hamburger bar Hopdoddy, which opened in April, and Houston eatery Ruggles Green, which will open in the fourth quarter of 2017.ĭunhill Partners took over ownership of the Vintage Park development at Louetta Road and Hwy. 249 and Louetta Road is also experiencing a wave of development. Not all growth in the area is occurring along the Grand Parkway. "The overall vision was to provide the community a first-class shopping experience that offers a multitude of value, convenience and entertainment choices by combining best-in-class retailers with a restaurant village setting," Nadler said. Grand Parkway Marketplace I is slated to be fully open by the end of 2017, said Rob Nadler, president of Kimco Realty, which is developing the properties. Leading the growth around new intersections created by the Grand Parkway are Grand Parkway Marketplace I and II at Stuebner Airline and Kuykendahl roads. "The amount of new growth and quality of houses-it's what most developers are looking for the Grand Parkway opened up many new intersections that people are chasing," he said. Capital Retail Properties has several properties under construction in the area, including near the Grand Parkway. Laurel Creek, Springwoods Village and Shadow Creek Estates are among the subdivisions expected to see the largest population growth, according to the report.Įric Walker, managing partner with developer Capital Retail Properties, said the construction and opening of the Grand Parkway has brought new opportunities for business growth in Spring and Klein. "The rule is 'retail follows rooftops,' and the rooftops of residential development are coming as well."Īccording to a 2016 report prepared by Population and Survey Analysis for Klein ISD, the number of new housing units projected for construction between October 2016 and October 2017 will grow from 746 to 2,245 units, and more than 2,000 units are projected for each year until 2023. "The surge of retail and restaurants is not a strong driver of economic activity rather it is more an effect resulting from other factors," Thomason said. 290 to Hwy 59-has created growth at its main intersections, it has also been a driver of business activity deeper in the region, said Barbara Thomason, the Houston Northwest Chamber of Commerce president. While the segments of the Grand Parkway opening-connecting Hwy. SPRING, Texas (KTRK) - Spurred by the opening of the Grand Parkway segments F-1, F-2 and G in early 2016 and subsequent residential growth, developers are working to complete a slew of new retail centers across Spring and Klein. Developers are working to complete a slew of new retail centers across Spring and Klein.
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