Developer Eyes 1 MSF Houston-Area Mixed-Use Project
An H-E-B grocery store will anchor the site.
Developer Signorelli is preparing to start work on the first phase of Commerce District at Valley Ranch, a mixed-use project encompassing more than 1 million square feet in New Caney, Tex., a suburb of Houston. The work is the latest development in the 1,400-acre Valley Ranch master-planned community in New Caney.
Commerce District will include more than 700,000 square feet of office, multifamily and hospitality space, complemented by retail, restaurants and entertainment. It will be situated on 55 acres. Development will take place in two phases and is envisioned as a destination for corporate headquarters, regional offices and upscale shopping, according to Signorelli.
READ ALSO: What’s Driving Mixed-Use Design
Roadway and utility infrastructure is already in place. The first phase will be anchored by a new 120,000-square-foot H-E-B supermarket featuring H-E-B Curbside with a covered pickup area, fuel station and car wash.
With an anticipated fall 2027 opening, this location is H-E-B’s first store in New Caney and its 11th in Montgomery County. In addition to H-E-B, this phase includes nearly 20,000 square feet of other retail and two outparcel opportunities for restaurants, retail and other service-oriented businesses.
The future second phase will build on the mixed-use environment and feature retail, dining, multifamily residences, office space and public gathering spaces. Landscaped plazas, outdoor dining, live entertainment and festivals will help create a walkable environment, Signorelli noted.
Commerce District will also support continued residential growth at Valley Ranch, including the recently announced 328-acre Azalea District, the community’s final single-family neighborhood. Its 203-acre residential component features 359 homes built by First America Homes, Signorelli’s homebuilding division.
Mixed-use has its day
Several large-scale major mixed-use projects are moving forward nationwide. In Tennessee, Merus recently unveiled the first renderings for the upcoming $450 million Rivergate redevelopment in Goodlettsville, in suburban Nashville. The project will transform the former RiverGate Mall into a 57-acre retail district with a mixed-use design.
In Florida, an $8.1 billion mixed-use plan by Blake Investment Partners and Related Group to redevelop 58 acres in downtown St. Petersburg has been selected by the city to move forward. The proposal calls for housing, office and retail space, plus community amenities.
And in Texas, SouthStar Communities has secured approvals from the city of New Braunfels to advance Mayfair, a 1,880-acre master-planned mixed-use development near San Antonio that will include some 2 million square feet of commercial space and 6,000 residential units.
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