Midtown at Magnolia—a nearly 12-acre development at the intersection of Magnolia and Manvel roads—was approved by Pearland City Council on Feb. 22.
CVS Pharmacy will anchor the site, which is split into three land-use parcels: townhome residential, office professional and commercial, according to officials. The land was previously zoned for single-family residential.
Pearland Director of Communications Sparkle Anderson said completion of Magnolia Road paved the way for the development. The location is unique for several reasons, she said.
“First, it is one of three undeveloped corners created by the relatively recent construction of Magnolia Road, providing the opportunity to anchor and set the tone for future development at this intersection,” Anderson said. “Second, it is directly adjacent to a large city of Pearland regional stormwater detention facility that has been constructed with a natural wetlands appearance. Third, it is adjacent to a major city of Pearland hike and bike trail along Magnolia Road. The proposed development plan intentionally integrates the existing trail and adjacent detention/wetlands with pedestrian access points.”
Midtown at Magnolia is designed to emulate the pedestrian-oriented form and style of the New Orleans French Quarter with ornamental wrought-iron fences and decorative brick, officials said.
Anderson said the developer, Signature Companies of Houston, estimated the potential total property and improvement value in excess of $20 million. Officials from Signature Companies were unavailable for comment.
Much of the project—about 7 acres—is zoned for townhomes. The planned development also includes a restaurant with outdoor seating.
Anderson said the proposed project would allow enhancements to the adjacent regional stormwater detention facility that will further enhance the area’s walkability and outdoor activities. Design enhancements include pavers, bike racks and masonry wall buffers.
The start date for construction has yet to be announced, as Signature Companies is in the process of platting property prior to applying for permits, according to city officials.