Magnolia Town Center will be built on 200 acres between FM 1774 and FM 1488.
HOUSTON — A local developer is planning a massive town center development in the city of Magnolia in Montgomery County.
Friendswood-based Tannos Development Group, in partnership with Arizona-based Maritia LP, is developing Magnolia Town Center on 200 acres between FM 1774 and FM 1488, just west of Lennar Corp.’s Magnolia Ridge master-planned community off state Highway 249.
The joint venture estimates the overall investment in the development to be more than $1 billion.
Preliminary plans include a nationally branded luxury hotel with a full-service restaurant, bar and convention space accommodating 1,500 people; 250,000 square feet of retail space; 200,000 square feet of medical and office space; 400,000 square feet of mixed-use space for hospitality and multifamily units; a 350-unit apartment complex; a mid-rise senior living development; single-family homes; pad sites; amenities; and multilevel parking areas.
Continue reading this story on the Houston Business Journal’s website. Â
This story came to us through our partnership with the Houston Business Journal. Keep up with the latest Houston business headlines here.
If the full content does not display, visit the article originally published on this site
