In a testament to the area’s fast-paced growth, NewQuest Properties will break ground Thursday on a 300,000-sf second phase of Fort Bend Town Center to advance visions to create a regional retail destination for Missouri City and surrounding communities in southwest Houston.
A state-of-the-art, 12-screen Cinemark theater will anchor the next wave of development at Fort Bend Town Center, which eventually will span three of the four corners at the intersection of TX 6 and Fort Bend Parkway. NewQuest is in final stages of negotiations with six junior anchors as dirt begins to fly on the 42-acre expansion project.
“It is always our hope that any type of development would lead to economic vitality and growth. This project will create a lot more excitement and awareness in that particular corridor,” says Jeffrey L. Boney, Missouri City councilmember, District B. “I look at it as a game-changer. I’m excited about the future and things to come.”
Missouri City is widely recognized as one of the highest-growth residential corridors in the state, with more than 45,000 existing homes within its bounds and another 7,600 coming online this year. The longtime catalyst has been the city’s proximity to the world-class Texas Medical Center, but future ones include Amazon’s under-construction one million-sf fulfillment center and the planned expansion of Fort Bend Parkway across the Brazos River, which will open up an additional 50,000 acres for residential and commercial development.
“Fort Bend Parkway’s expansion will change this intersection from being the last stop on the tollway to being a regional commercial hub,” says Andrew Alvis, senior associate of Houston-based NewQuest properties, who teams with Bob Conwell, senior vice president, on Fort Bend Town Center’s leasing.
NewQuest began developing the intersection in 2007. The inroad, Fort Bend Town Center, is a Kroger-anchored project, totaling 180,000 sf on 27 acres. Phase II will come online in Q3 2023.
“The demand is definitely there,” Conwell says, “and the momentum is growing every day.”