Sugarland Properties Inc. is the owner of the retail and developer of the 32-acre town square. Houston-based Sueba USA Corp. is the multifamily developer. The Sueba team also designed the project and is tasked with construction management. Completion is set for late fall 2004 on the luxury, for-rent units, now being called Sugar Land Town Square Apartments.
"This multifamily project will enhance the lifestyle-center atmosphere of Sugar Land Town Square," Les Newton, president of Sugarland Properties, said in a press release. The retail and residential building will be surrounded by restaurants, stores and entertainment facilities as well as about 700,000 sf of class A office space. That, Newton said, "means that many residents will be able to work within walking distance of home."
John Chiang, Sueba's executive vice president, said the project is the first residential-over-retail development his firm has done. Units average 1,168 sf; the rental rate has yet to be set.
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