The Market at Cross Creek Ranch has nearly completed Phase 1 of its retail, dining, banking and medical development off FM 1463 and Fulshear Bend Drive.
Charles Scoville, CEO of broker Read-King Commercial, said it is 97 percent leased as of Feb. 27.
Scoville said new tenants of Phase 1—which encompasses 140,000 square feet of space and includes the new Fulshear H-E-B that opened Feb. 16-will open throughout the summer as they complete build-out. The tenant list includes Natural Pawz, Dickey’s BBQ, Venetian Nails, Postal Plus Copy Center, Massage Heights Body and Face, Twin Liquors Fine Wine and Spirits, and Coco Crepes Waffles and Coffee.
Scoville said Read King hopes to use the remaining 4,500 square feet of space left in Phase 1 to accommodate a 3,500-square-foot restaurant that will feature outdoor and indoor seating options.
Phase 2 of the development involves 11 acres of property north of the H-E-B and will offer a mix of general retail and restaurant tenants. Scoville said another 11 acres with an anticipated 50,000 square feet of space may be developed for additional retail, restaurant, and service uses.
Scoville said there are long-term plans in place for a 120,000-square-foot mixed-use medical and retail office located on the 15 acres south of Fulshear Bend Drive.
“But that is a little further out in terms of timing,” Scoville said.
Phase 2 is expected to be complete by late 2019 and into 2020, with the longer-term medical office project following into 2021.
Several shops in a 15,000-square-foot building on the northwest corner of Fulshear Bend Drive that are already open include Memorial Hermann Urgent Care and Lapels Dry Cleaning. Chase Bank and a Sonic Drive-In also opened in February directly adjacent to the same corner.