The Grand Parkway Town Center, a 65-acre commercial and retail development, is finishing up deals for the property. Also, a 240-acre Lovett Industrial project bringing distribution and light industrial space will be under construction in 2022.
Tomball City Manager David Esquivel said the projects are both in city limits and will benefit the city.
The Lovett Industrial project is expected to create 1,300 jobs, Community Impact Newspaper previously reported. Esquivel said the city is working on setting up financing tools, including a municipal utility district and tax increment reinvestment zone.
Esquivel said Lovett Industrial is seeking construction bids for 900,000 square feet of space, and construction on infrastructure and buildings will start this year.
David Meyers, director of leasing with NewQuest Properties, which is developing the Grand Parkway Town Center, said the development is fully engineered and “shovel ready” with construction likely beginning in 2023. He said NewQuest Properties is in negotiations with two major box stores to anchor the project as well as other retail and commercial businesses.
“Several years ago we kind of pulled the plug when we lost our big grocer, but we’re back, engaged now, working on the project,” Meyers said.
