H-E-B is part of a larger, 120-acre mixed-use development called Magnolia Place, by development company Stratus Properties Inc., Community Impact Newspaper previously reported.
Along with H-E-B, phase one of Stratus Properties’ development will also include about 35,000-40,000 square feet of retail space, several pad sites, about 14.6 acres of multifamily space, single-family homes and townhomes, and a 200-square-yard gathering space in the center of the project, Community Impact Newspaper previously reported.
Ross said Magnolia Place and H-E-B are estimated to increase the city’s sales tax revenue by about 2% once both sites are open to the public.
“These projects offer a very high quality of amenities and services, including live and work environments,” Ross said in an email.
Potential tenants could also include medical spaces as well as hotels.
“I think Magnolia Place will be unique. It’s going to provide something that we currently do not have [in the city],” Magnolia Mayor Todd Kana said. “Ultimately, managed growth benefits everyone, and this falls into that category.”
Despite multiple attempts, Stratus Properties Inc. could not be reached for comment or an estimated opening date before press time.
Just west of FM 149 on FM 1488, Sam Yager Inc. is developing Audubon Magnolia, a 3,300-acre master-planned community, Community Impact Newspaper previously reported. This development is anticipated to bring at least 5,000 homes as well as commercial sites at build-out.
“We still want to maintain that small-town feel. ... It gets harder and harder as you go from 1,000 people to 10,000 people,” Kana said. “I’ve lived here my entire life, and I don’t want it to turn into the city of Houston either, and I’ll do my best to make sure that doesn’t happen.”
While a construction timeline is still unclear, Kana said he is looking forward to seeing the project unfold.
“The mass development of more houses brings more people, brings more amenities, brings more business and brings more sales tax [revenue],” he said. “It’s just a big domino effect in the way it works and the way it’ll benefit all the people of Magnolia.”
Sam Yager, the executive vice president of Sam Yager Inc., said in an email he could not provide more details before press time Dec. 20 but anticipates being able to share more information in early 2020.
Other developments to follow in 2020
Nearly 300 homes to take shape on Cherry Street over next 6 years
Meritage Homes is developing Cherry Pines, an 86-acre subdivision on South Cherry Street in Tomball. Meritage Homes Marketing Manager Kim Ahrens said development on the first section of homes is underway. Cherry Pines features 295 lots with a six-year build out anticipated. A model home is set to open in summer 2020.
Two communities under construction on East Hufsmith Road in Tomball
Construction was slated to begin in late December on Grand Junction’s 49 home sites, said Lance Right, a partner with CastleRock Communities. He said build-out is expected to take two years. Stylecraft, a builder, is expected to start home construction in spring 2020 on Timber Trails, a 105-home community, with build-out taking four years, Director of Marketing Elizabeth Russell said.
First apartments in city of Magnolia to break ground in first quarter 2020
Magnolia Lights—the first mixed-use development in the city of Magnolia—will break ground in the first quarter of 2020, a delay from the expected groundbreaking in fall 2019, said Pauline Thude-Speckman, president of Meridian Investment Realty and project developer. The complex will feature four floors of luxury with 16 different floor plan options atop 20,000 square feet of retail space, she said.