NewQuest Properties breaks ground on the second phase of Fort Bend Town Center in Missouri City, Texas, the US.
Fort Bend Town Center is located north of the 10,000-acre master-planned community, Sienna Plantation, in the U.S.
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Anchored by a 102,000ft2 Kroger Signature store, the development features a Metro Park & Ride with access to Beltway 8 and Downtown Houston.
The second phase of the project will be a 300,000ft2 development that will include 200,000ft2 of retail space, 50,000ft2 of restaurants, and more than 50,000ft2 of entertainment space.
It will be anchored by a 12-screen Cinemark theatre.
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NewQuest stated that the Fort Bend Town Center will cover three of the four corners of the intersection of State Highway 6 and Fort Bend Parkway in Missouri.
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By GlobalDataIt also noted that the current Fort Bend Town Center development totals 180,000ft2 on 27-acres site.
Currently, the company is in the final stages of negotiations with six junior anchors for the expansion project.
It is also finalising leases with Dollar Tree, Ulta, Petco, Ross Dress for Less and Five Below, and has already completed deals with Burlington and Mod Pizza in addition to Plano-based Cinemark.
NewQuest Properties senior associate Andrew Alvis said: “Fort Bend Parkway’s expansion will change this intersection from being the last stop on the tollway to being a regional commercial hub.”
The second phase of the development is anticipated to open in the third quarter of 2023.
Missouri City Council District B member Jeffrey Boney said: “It is always our hope that any type of development would lead to economic vitality and growth. This project will create a lot more excitement and awareness in that particular corridor.”
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The development will include 50,000ft2 of restaurants, 200,000ft2 of retail space, and more than 50,000ft2 of entertainment space. Credit: Free-Photos from Pixabay.
