NewQuest officials expect to break ground on the Grand Parkway Town Center this month, said Andrew Alvis, NewQuest vice president and development partner, in a May 9 interview.
The big picture
The Grand Parkway Town Center is a 65-acre, 400,000-square-foot development located at the southwest corner of the Grand Parkway and Hwy. 249.
NewQuest has owned the property for more than 25 years, Community Impact previously reported. Construction was previously slated to begin in February, according to previous reporting.
A closer look
Construction will begin on the development’s utilities and roadways. Pad sites should be completed for tenants this August, with some retail and restaurants beginning to open in late 2024, Alvis said.
What else?
Unannounced big-box retailers are anticipated to open in the first or second quarter of 2025, with other confirmed tenants including:
- Gringo’s Tex-Mex
- BoomerJack’s
- Jersey Mike’s Subs
- AT&T
The development can accommodate eight or nine large anchors, and around 10 pad sites, alongside other retail.
Quote of note
“I think we have some pretty cool concepts that are coming here,” Alvis said. “And we’re really excited to finally get it off the ground and let the community enjoy it.”
