A nearly 500,000-square-foot retail development in west Houston is nearing completion and has signed on a handful of national anchor tenants.
The Shoppes at ParkWest, which will sit on roughly 30 to 40 acres in a master-planned community in Katy, will deliver the first phase of retail shops in summer 2016, said David Stukalin, president of the Dallas-based Retail Connection’s Houston office. The second phase of development should deliver and be operational in October, Stukalin said, and those two phases total roughly 250,000 square feet.
“From a retail perspective, being in (Interstate 10) in close proximity to the Grand Parkway … all of these things have created a critical mass that retailers and consumers like,”
The first phase, which broke ground in June, will be anchored by tenants such as Bed, Bath and Beyond; BuyBuy Baby; DSW; Kirkland’s; PetSmart and DXL. Golf Galaxy, Field & Stream and Dick’s Sporting Goods will anchor the second phase. The center is located at Interstate 10 and Katy Fort Bend Road.
Houston-based Medistar Corp. and the Retail Connection’s Houston office have partnered on the development, with Medistar serving as the equity and limited partner, and the Retail Connection serving as the general partner. The two entities will develop the Shoppes at ParkWest. Retail Connection will represent all leasing tenants and manage the assets.
“From a retail perspective, being in (Interstate 10) in close proximity to the Grand Parkway … all of these things have created a critical mass that retailers and consumers like,” Stukalin said. Johnson Architects of Dallas designed the project and the Dallas office of Tennessee-based EMJ Construction is the contractor. The third and final phase of the retail development, which contains around 150,000 square feet of space, should break ground around mid- to late-2016, with delivery happening in 2017. Stukalin said roughly 75,000 square feet of phase 3 has been conditionally claimed via letters of intent.
The Shoppes at ParkWest is part of a broader, 150-acre community, ParkWest Business Park, that Medistar is developing. Kelly Lindig, vice president of development and acquisitions at Medistar, said his vision for the roughly 150-acre park is to offer retail, business and residential components.