Located at 408 S. Friendswood Drive, the development will contain 112 Class A apartment units on the top three floors with the bottom floor being devoted to 20,000 square feet of retail space, according to Tannos Development Group President Louis Tannos. One side of the building will feature 11,000 square feet of chain retailers, while the other side will feature 9,000 square feet of small businesses, Tannos said.
“We’re going to try to target national-level chains for the front that will also allow a small boutique or a small cafe,” he said.
One of the features of the space is it will have a multilevel parking garage on the inside of the horseshoe-shaped development, allowing it to not be seen from the outside. It will also include a new park area with walking trails, park benches and covered eating areas.
The development is expected to be completed in 2024 and is estimated to cost around $31 million to build. Tannos said he expects the development will bring more business to Friendswood and create more jobs for the city.
“We know that the housing market in Friendswood is ever expanding [and] ever growing,” he said. “We know that people are moving here. We are trying to bring more higher-paying jobs to the city.”
Tannos Development Group will also break ground on the 1715 Project—a 106,000-square-foot Class A medical office building—in the first quarter of 2022, located at 1715 S. Friendswood Drive, Friendswood.
No tenants have been confirmed for the $20 million project, Tannos said. Construction is expected to start in the first quarter of 2022 and will be completed in the third quarter of 2023.
Meanwhile, Friendswood City Council Member Trish Hanks brought up concerns over the 1715 Project at the Dec. 6 City Council meeting, saying there has already been congestion near the construction site before it started.
“Especially since Mr. Tannos is going to be building another building there, ... there’s going to be more congestion,” Hanks said.
However, Tannos said the building should not add more traffic to the area. Both projects are part of a larger $100 million investment into Friendswood’s downtown and surrounding areas that is expected to be fully complete in the next five years, Tannos said.
