H-E-B opened in Magnolia, near the intersection of FM 1488 and Spur 149, in November 2022 as part of the Magnolia Place development. Since then, that development and two others—Magnolia Village and Heritage Green—have seen many business openings that include retail stores and restaurants.
Magnolia Economic Development Director Rachel Steele said roughly 21 businesses opened at this intersection between November 2022 and the end of 2023, with 12-14 businesses expected to open in 2024.
“The three developments collectively total 260 acres of commercial property,” Steele said. “That’s a development record as far as commercial acreage goes for the city.”
Steele said she believes the boom in openings is the result of over a decade of residential development that needed to happen before commercial development could take place.













