Magnolia Place is a mixed-use project in Magnolia developed by Stratus Properties Inc. which will feature a 95,000-square-foot H-E-B grocery story. (Rendering courtesy Stratus Properties Inc.)
Construction has begun on the H-E-B at Magnolia Place, a mixed-use development project at Spur 149 and FM 1488 in Magnolia, according to an Aug. 16 press release from Stratus Properties Inc. The grocery store was originally slated to break ground June 14, but land conditions and unsigned agreements pushed construction back, Community Impact Newspaper previously reported.
“We are pleased to announce that we have completed financing for the first phase of development of Magnolia Place, one of our projects in the Houston area," said William H. Armstrong III, chairman of the board and chief executive officer of Stratus, in the release. "In response to the increased demand for residential properties throughout Texas, we have increased the residential component in the new development plans for this project."
Magnolia Place will consist of four retail buildings, five retail pad sites, 194 single-family lots and 500 multifamily units, the release said. H-E-B will occupy a 95,000-square-foot grocery store on 18 acres of land adjacent to the mixed-use development.
The first phase of the development, which is under construction, includes two retail buildings, five pad sites and the infrastructure to support the development, according to the release.
Chandler joined Community Impact Newspaper as a reporter in June 2021 after graduating with a degree in journalism from the University of Southern California, where he was the executive editor of Annenberg Media. He previously interned with the company in Gilbert, AZ and with the Beacon Project, an investigative reporting team in Los Angeles. Chandler is originally from Laguna Hills, CA.
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