Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SPRING, TX-Two local developers have made plans for three retail projects in far north Houston, thanks to the completion of a road extension and entitlements for another 16,000 single-family lots. Roughly 35 acres will be planted with neighborhood retail space.

The West Rayford Road extension between Kuykendahl and Gosling roads has opened the development door. Sumkim Development of the Woodlands has started construction on Saddlebrook Plaza, a 28,000-sf retail center being built on three acres at Spurlin Way and Kuykendahl Road.

The J. Beard Real Estate Co. LP, also in the Woodlands, has two more marketing assignments just a quarter mile south of Saddlebrook Plaza. Everson Developments LLC, another Woodlands developer, has acquired a 23-acre tract at the northeast corner of West Rayford and Kuykendahl roads. The still-unnamed shopping center will have 135,000 sf and seven pad sites. Its groundbreaking hasn’t been set.

Meanwhile, the intersection’s southeast corner, also under development by Everson, will sprout a CVS Pharmacy and Jack in the Box. Adjacent to the two projects are eight additional acres and three or four pad sites. Jeff Beard, president of the namesake firm, says negotiations are under way with end users, which will be neighborhood service businesses, for the most part. Pad sites for both projects are available for $12 per sf to $22 per sf. Beard tells GlobeSt.com that Jack-in-the-Box is scheduled to break ground later this month while CVS’ construction will launch in early 2008.

Beard says that the significant amount of planned residential construction–to the tune of 16,000 lots–combined with the West Rayford Road extension is responsible for the sudden flurry of interest in retail development for the area. “Retail follows housing,” he says. “Right now, those planned houses are between two retail developments so these are going up to serve the population.” He points out that CVS, for example, has sites both north and south of its new location. “They felt this area was strong enough to support another store in between,” Beard says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.