NOW OPEN - NewQuest Properties
Transcript of NOW OPEN - NewQuest Properties
METROPARK SQUAREPremier Entertainment & Dining Destination
Interstate 45 – 8888 Metropark Drive | Shenandoah, Texas
Rebecca Le | Grace La | 281.477.4300
NOW OPEN
Land Brokerage | Development | Leasing | Investment Sales | Asset Management | Tenant Representation
RETAIL TENANTS
METROPARK SQUAREINTERSTATE 45 – 8888 METROPARK DRIVE | SHENANDOAH, TEXAS
97%POPULATIONGROWTHWITHIN 2 MILES
MORE THAN
281,030VPD ON I-45 NORTH
$145KAVERAGEHOUSEHOLDINCOMEWITHIN 3 MILES
LOCATED WITH DIRECT VISIBILITY ALONG I-45, METROPARK SQUARE IS STRATEGICALLY POSITIONED TO BECOME A PROMINENT ENTERTAINMENT AND DINING DESTINATION.
• SPRING – THE WOODLANDS AMONG THE FASTEST-GROWING CITIES IN 2019
• OUTDOOR PATIOS FOR AL FRESCO DINING
• GREEN SPACE IDEAL FOR OPEN-AIR VENUE FOR EVENTS, PERFORMANCES, HOLIDAY CELEBRATIONS, AND MORE
2010 Census, 2021 Estimates with Delivery Statistics as of 07/21
PROJECT HIGHLIGHTS
REBECCA [email protected]
GRACE [email protected]
WHYMETROPARK SQUARE?
• LOCATED NORTH OF THE WOODLANDS WHICH IS ONE OF THE FIRST AND MOST SUCCESSFUL MASTER-PLANNED COMMUNITIES IN THE COUNTRY. CURRENTLY RANKED AS THE #1 “BEST CITIES TO LIVE” IN TEXAS AND #4 IN THE NATION
• WITHIN A SHORT DISTANCE FROM TOP MEDICAL HUB THAT IS HOME TO SIX MAJOR HOSPITALS, INCLUDING MEMORIAL HERMANN, HOUSTON METHODIST, CHI ST. LUKE’S HEALTH, TEXAS CHILDREN’S HOSPITAL, AND MD ANDERSON CANCER CENTER
• 10-MINUTE DRIVE TIME TO THE NEW EXXONMOBIL CORPORATE CAMPUS, WHICH CURRENTLY HAS 10,000 EMPLOYEES LOCATED 6 MILES SOUTH OF METROPARK SQUARE
METROPARK SQUARE | SHENANDOAH, TEXAS
PROJECT HIGHLIGHTS
Park at Woodmoor220 Units
DAVID M
EMORIAL D
R
SHENANDOAH PARK DRIN
TERSTATE 45 281,030 VPD
45
MULTI-FAMILY325 Units
UNDERCONSTRUCTION
PARKING GARAGE1,000 Spaces
MULTI-FAMILYADDITIONAL
600 Units
FUTURE
114 Townhomes
UNDERCONSTRUCTION
116 Rooms
METROPARK SQUARE
04.2021 | 03.2021
AERIAL
METROPARK SQUARE | SHENANDOAH, TEXAS
Park at Woodmoor220 Units
DAVID MEMORIAL EXPANSION
DAVID MEMORIAL DRIVE
INTERSTATE 45 281,030 VPD
45
HIGHWAY 242
METROPARK SQUARE
MULTI-FAMILY925 Units
UNDERCONSTRUCTION
PARKING GARAGE1,000 Spaces
114 Townhomes
116 Rooms
MULTI-FAMILY925 Units
HARPERS’ PRESERVE
PHASE II
UNDERCONSTRUCTION
HARPERS’ PRESERVE
06.21 | 06.21
AERIAL
METROPARK SQUARE | SHENANDOAH, TEXAS
Park at Woodmoor220 Units
114 Townhomes
116 Rooms
DAVID MEMORIAL EXPANSION TO HWY 242
COMPLETED BY 2023
DAVID MEMORIAL DRIVE
INTERSTATE 45 281,030 VPD
45
MULTI-FAMILY925 Units
UNDERCONSTRUCTION
METROPARK SQUARE
PARKING GARAGE1,000 Spaces
MULTI-FAMILY925 Units
HARPERS’ PRESERVE
PHASE II
UNDERCONSTRUCTION
HARPERS’ PRESERVE
WOODLANDS MALL
CONROE ISD MULTI PURPOSE
STADIUM
PORTOFINO SHOPPING CENTER
06.21 | 06.21
AERIAL
METROPARK SQUARE | SHENANDOAH, TEXAS
Panther Creek371 Homes
Timberwood North
David Memorial Extension to
Hwy 242Completed by 2023
INTERSTATE 45 265,024 VPD
LAKE WOODLANDS DR
45
WOODLANDS PKWY
RESEARCH BLVD
GRO
GANS
MIL
LS R
D
COLLEGE PARK DR
HIGHWAY 242
SITE
METROPARK SQUARE
06.2021 | 03.2021
AERIAL
METROPARK SQUARE | SHENANDOAH, TEXAS
Sam Moon Group6007 Legacy DrivePlano, TX 75024T 972.421.2700
Metropark Square8888 Metropark Dr.Shenandoah, TX 77385
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Site PlanProject 120007Scale Date Tuesday, April 27, 2021
Available
At Lease
Signed Lease
At LOI
T
CHUY'S RESTAURANTCHUY'S RESTAURANTCHUY'S RESTAURANT
UP
100'200'
8851Bldg B
8885Bldg D
8880Bldg H
8850Bldg J
5 Lvl Parking Garage992 Spaces
8821Bldg A
12
4
10 11
8
9
12 9
8 3
10
9
7
4
4
5
8
8 10 10 10
11
3
8
56
4
11
8
7
8920Bldg K
8980Bldg L
8
20 18 14
100Available
4,017 sq ft
300Available
4,006 sq ft
Available1,790 sq ft
100Available
2,050 sq ft
700
6,000 sq ft
500Martinis and Manicure
2,404 sq ft
100Black Bear Diner
5,124 sq ft
100Top Sushi
3,376 sq ft1600
Jax Burgers2,001 sq ft
Available7,283 sq ft
Available17,483 sq ft
300Available
1,700 sq ft
1500Aesthetic Smiles
2,502 sq ft
Available1,504 sq ft
100Share Tea
1,251 sq ft
300Available
3,225 sq ft
Available6,267 sq ft
200Available
2,919 sq ft
900Candy1,268 sq ft1000
Office448 sq ft
400Available
1,273 sq ft
1000Available
2,587 sq ft
AvailableCrawfishCafe 4,952 sq ft
800Available
1,518 sq ft
100
4,175 sq ft
238EAD Restaurant
5,116 sq ft
FE
40,000 sq ft
43,233 sq ft
1" = 100'-0"
Total Parking = 234 (41,307SF)
including 10 ADA parking
Daiso
SITE PLAN
METROPARK SQUARE | SHENANDOAH, TEXAS
Phase 1 Existing Retail
Phase 1 Existing Retail
\ll I I I I I I I I 111111111111110 811111111D11111111118 -01111111111111111111100111111111111111111110
Phase 1 Existing Retail
Phase 1-C Residential
325 units
Theater Phase 1-A Retail Parking Deck
992 cars PAPPASITO'S -�. - Pappasito's Restaurant
METROPARK SQUARE SHENANDOAH, TX (WOODLANDS) 17943 1-45 South, Shenandoah, TX 77385 05/17/2015
(NOT INCLUDED)
1 Pappadeaux Restaurant
1 (NOT INCLUDED)
SAM MOON GROUP 6007 Legacy DrivePlano, TX 75024
A
◄�►
METRO PARK SQUARE
May 13, 2021
Lot 9 13.79ACRES
Temporary Detention
MOON DRIVE
Lot 10 6.8ACRES
ENTERTAINMENT WAY
Lot 11 B 4.17 ACRES
Note: This plan is diagrammatic (conceptual) only and intended to show potential configuration. It is not based upon a detailed survey of existing site conditions sudl as property limits, subsurface cond�ions, trees, topography, util�ies, easements, etc.
CALLISO�TKL A DESIGN CONSULTANCY OF ARCADIS SITE PLAN
SITE PLAN
PROGRAM DATA:
C=::J PHASE 1-C RESIDENTIAL 325 UNITS
C=::J PHASE 1 EXISTING RETAL 156,788 sf
PHASE 1-A NEW C=::J RETAIL/ RESTAURANT
80,225 sf
PHASE 1-B NEW C=::J RETAIL/ RESTAURANT
13,038 sf- THEATRE41,500 sf
C=::J DAVE & BUSTER'S39,487 sf
TOTAL PHASE 1 SF 174,763 sf
TOTAL PHASE 1 SF (INCL. EXST. RETAIL) 331,551 sf
r::::J HYATT HOUSE148 ROOMS
PHASE 1 PARKING:
EXISTING PARKING 872 CARS
PHASE 1-A PARKINGRETAIL SURFACE 303 CARS
PHASE 1-A PARKINGC=::J RETAIL DECK
992 CARS
HYATT PARKING92 CARS
SCALE 1 "=200' AT 11 X 17
0 50 100 200
N
CD 1
Phase 1-C
Construction Start:2021 Q3
SITE PLAN
METROPARK SQUARE | SHENANDOAH, TEXAS
POPULATION 2 MILES 3 MILES 5 MILES
Current Households 10,565 23,759 60,478
Current Population 26,687 59,760 156,312
2010 Census Population 13,543 35,080 113,130
Population Growth 2010 to 2021 97.05% 70.42% 38.65%
2021 Median Age 42.8 42.4 39.8
INCOME 2 MILES 3 MILES 5 MILES
Average Household Income $120,152 $145,037 $137,087
Median Household Income $87,867 $99,569 $100,137
Per Capita Income $50,060 $60,601 $55,234
RACE AND ETHNICITY 2 MILES 3 MILES 5 MILES
White 78.67% 80.74% 80.84%
Black or African American 7.65% 6.07% 5.76%
Asian or Pacific Islander 4.54% 5.00% 5.24%
Hispanic 23.12% 20.61% 20.62%
CENSUS HOUSEHOLDS 2 MILES 3 MILES 5 MILES
1 Person Household 28.01% 26.58% 24.26%
2 Person Households 35.18% 35.80% 34.04%
3+ Person Households 36.81% 37.62% 41.71%
Owner-Occupied Housing Units 64.65% 69.33% 70.44%
Renter-Occupied Housing Units 35.35% 30.67% 29.56%
2010 Census, 2021 Estimates with Delivery Statistics as of 07/21
DEMOGRAPHICS
METROPARK SQUARE | SHENANDOAH, TEXAS
THE NEWQUEST NETWORK
MAXIMIZING VALUEEXCEEDING CLIENT EXPECTATIONS
GROCERY-ANCHORED SHOPPING CENTERS
RETAIL & MIXED-USE PORTFOLIO
$2.08 BILLION
IN TEXAS & LOUISIANA
LEASING SERVICES12 MILLION SF
AVAILABLE COMMERCIAL LAND
183 PADS253 ACRES
REPRESENTATION ACCOUNTS
TENANT100+
NewQuest Properties is one of the nation’s leading commercial real estate services firms, with a
fully integrated marketing platform leveraging over 20 years of experience in land, development,
commercial leasing, investment sales, property management and tenant representation services.
Land Brokerage | Development | Leasing | Investment Sales | Asset Management | Tenant Representation
MARKET LEADER
Land Brokerage | Development | Leasing | Investment Sales | Asset Management | Tenant Representation
THE NEWQUEST NETWORK
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by sales agents
sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the
broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the pro erty or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who
will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker
to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and• any confidential information or any other information that a party specifically instructs the broker
in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker/Broker Firm Name orPrimary Assumed Business Name
Designated Broker of Firm
Licensed Supervisor of Sales Agent/Associate
Sales Agent/Associate’s Name
License No.
License No.
License No.
License No.
Phone
Phone
Phone
Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission (TREC) | Information available at http://www.trec.texas.gov
The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.
8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300
Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
MS2578_EY_11.03.21
Rebecca Le 519614 [email protected] (281)477-4300