NEW: 60-acre mixed-use development slated near proposed H-E-B in Magnolia

Magnolia Village is a proposed 60-acre mixed-use development located at FM 1488 and Spur 149. (Courtesy Gulf Coast Commercial Group Inc.)
Magnolia Village is a proposed 60-acre mixed-use development located at FM 1488 and Spur 149. (Courtesy Gulf Coast Commercial Group Inc.)

Magnolia Village is a proposed 60-acre mixed-use development located at FM 1488 and Spur 149. (Courtesy Gulf Coast Commercial Group Inc.)

A 60-acre mixed-use development is in the works at FM 1488 and Spur 149 in Magnolia, Gulf Coast Commercial Group Inc. announced in an April 6 release.

The development, known as Magnolia Village, will be located across Spur 149 from Stratus Properties' proposed Magnolia Place development where H-E-B is scheduled to break ground in June, according to the release.

Phase 1 of Magnolia Village includes 36 acres of retail and office space as well as 300 multifamily housing units, according to the release.

“We are extremely bullish about the future of this rapidly growing and currently underserved north side pocket,” said Tom Lile, Gulf Coast Commercial Group Inc. president, in the release. “It’s one of the most dynamic suburban intersections to arise since COVID began and ideally poised for daily needs tenants ranging from restaurants and medical to service businesses and general retail.”

Magnolia Village is slated for completion in fall 2022, according to the release.


The leasing of big-box tenants will be overseen by Gulf Coast Commercial Group Inc., while Houston-based Ironbridge Realty Partners will market the multitenant retail and restaurant spaces along Spur 149 and FM 1488, according to the release.
By Anna Lotz

Editor, Tomball/Magnolia & Conroe/Montgomery

Anna joined Community Impact Newspaper as a reporter in May 2016 after graduating with a degree in journalism from Cedarville University in Cedarville, Ohio. In July 2017, she transitioned to editor for the Tomball/Magnolia edition. She began covering the communities of Conroe and Montgomery as well in 2020. Anna covers education, local government, transportation, business, real estate development and nonprofits in these communities. Prior to CI, Anna served as editor-in-chief of Cedars, interned with the National Journalism Center in Washington, D.C., and spent time writing for the Springfield News-Sun and Xenia Daily Gazette.