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New Development to offer Whole Foods
Grand Lakes Marketplace will be anchored by Whole Foods, Stein Mart and a proposed Cost Plus.
Posted: 01/03/2012
Author: The Katy Times - Tracy Dang
Katy area residents will soon see a new 122,439-square-foot retail center developing on the southeast corner of Grand Parkway and Fry Road.
Members of the Katy Area Economic Development Council received an update on the project Tuesday.
The development will also feature approximately 38,000-square-feet of small shop space with prospects including Carrabba’s, Menchie’s and Massage Heights.
“It’s basically an extension of our development on the southwest corner of Meadows Marketplace, which is basically 250,000 square feet of retail including H-E-B, Palais Royal, Hobby Lobby, along with some other retails,” said John Clinkscales, a marketing representative with Fidelis Realty Partners.
“That property is fully occupied, and we’re working with Seven Lakes to begin construction (of Grand Lakes Marketplace) during the early part of next year,” he said.
Construction is expected to be completed by late summer, and the development is anticipating Thanksgiving openings.
“The Wells Fargo that’s existing on the corner is not a part of that shopping center. We are building around that,” Clinkscales said.
“The anchor box on the far left is Stein Mart, and the one next to it is Whole Foods, the proposed Cost Plus and then two spec retailers,” he said. “We are 100 percent committed to the deals on the left and about 50 percent committed on the L-shape.”
