Kimco Opens Grand Parkway Marketplace

By IvyLee Rosario

Houston—Kimco Realty Corp. opened its Grand Parkway Marketplace in Spring, Texas, with a 126,000-square-foot Target being the first tenant to open its doors. Phase one of the project is set for full completion in third quarter 2017.

Grand Parkway Marketplace

Phase I, a $87 million, 488,000-square-foot development, will contain national, regional and local tenants comprising eight junior anchors, 11 outparcels and ample parking. Additionally, the project will include a restaurant village with a man-made lake, a series of fountains and a boardwalk. Tenants scheduled to open in the coming months include TJ Maxx, Michaels, PetSmart, Burlington, Famous Footwear, DSW, Ulta, Party City and Five Below.

Across the street, the $52 million Grand Parkway Marketplace II is now being developed with three anchor boxes, including Hobby Lobby and Academy Sports + Outdoors. Upon completion, the two phases will total 750,000 square feet across 110 acres.

“After a lot of hard work, Grand Parkway Marketplace is now ready to be one of the most sought-after shopping destinations in the Houston market,” said Robert Nadler, president, central region at Kimco Realty, in prepared remarks. “Phase One is approximately 80 percent leased and there is a strong demand for the remaining space.”

Image courtesy of Kimco Realty Corp.