Commercial and multifamily development is set to come to the southeast corner of Cypress Rosehill Road and the Grand Parkway after Radius Development founder and principal Richard Buxbaum purchased the land there in mid-April.
Zooming out
Buxbaum is already developing the northeast corner of the intersection, with Whataburger and Chick-fil-A among the confirmed tenants, Community Impact previously reported. A day care and a multifamily housing complex are also slated for the intersection.
Buxbaum said Whataburger should open around mid-summer, Chick-fil-A should open in the early fall, and he is working on a deal to also bring Starbucks to the northeast corner.
What else?
- The new property is 77 acres, with about 45 acres of developable land, Buxbaum said. The rest of the property will be for detention purposes.
- Texas-based grocer H-E-B also owns a 12.5-acre site northeast of the Grand Parkway and Cypress Rosehill Road, according to records from the Harris Central Appraisal District.
- For the southeast corner, Buxbaum said he is talking to grocery anchors, home improvement groups, and users such as banks, fast-food restaurants, quick-service restaurants and auto users.
Quote of note
“On the north side, we’re providing retail and multifamily, and H-E-B will build at some point, so there will be a lot of nice synergy there,” Buxbaum said. “I’d like to do the same thing on the south side, just to strengthen the intersection and provide a lot of choices for retail for people who live and work and spend time in the area.”
Stay tuned
Buxbaum said horizontal infrastructure, such as utilities, will take around 18-24 months, with vertical infrastructure to then follow.
