Stories to watch in 2019: Imperial Market developers to oversee project despite foreclosure documents

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What we reported: Imperial Market—a mixed-use development at the old Imperial Sugar factory in Sugar Land—was announced in 2015. After several delays, Community Impact Newspaper submitted a records request to the city. As of Sept. 19, the site had no active permits. District 1 Council Member Steve Porter said in October the developers had roughly 80 percent of funding for the project.

The latest: Despite foreclosure documents from Fort Bend County records dated Oct. 2, Imperial Market developers James Murnane and Geoff Jones said they will continue overseeing the property. The document transferred the title from their original single-purpose entity to a new single-purpose entity in preparations for the start of construction, they said. Murnane said leasing is going well. No exact groundbreaking date has been set for the development as of Dec. 20.

See more top stories to follow in 2019.

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  1. Sadly, I do not see this project going forward anytime in the foreseeable future. I remember when the project was first announced in 2005. I purchased land in Mayfield park in anticipation of the redevelopment so I have been following this endeavor for 13 years. In fact, I almost threw in the towel in 2009 but when the stadium was announced, I decided to hold out. After another six years and no progress, I cashed out. Maybe this project will happen one day but I think it will be on a much smaller scale and it probably be mostly residential/ multifamily. The economics just aren’t there for commercial mixed use and there is no way to manage interruptions from the train. Just consider all the retail vacancies at Sugar Land Town Square. If they can’t keep that premier location full, what success do you think they will have at a third tier site obstructed by an active rail road and next to a run down neighborhood? Maybe 20 years from now when there is no where else to build….

  2. That is too bad, this seems like such a cool development. We love the Discovery Childrens Center that already occupies part of this space!

  3. If the developer is still in control, why can’t they clean up the trash, broken tree limbs and secure the building from all the vandalism that happening. This is shameful!

  4. This is disappointing. There was supposed to be a FLIX Craft Beer Movie Brewhouse open in the nearby Telfair development next to Chuy’s. FLIX pulled out since this project announced Alamo Drafthouse years ago.

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Beth Marshall
Born and raised in Montgomery County, Beth Marshall graduated from The University of Texas at San Antonio in 2015 with a bachelor's degree in communication and a minor in business. Originally hired as a reporter for The Woodlands edition in 2016, she became editor of the Sugar Land/Missouri City edition in October 2017.
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