Reporter: Paul Takahashi
The Signorelli Co. has set opening dates for Valley Ranch Town Center, the largest retail project under construction in the Houston area.
The Woodlands-based developer broke ground in April 2014 on the 1.5 million-square-foot mixed-use development, which sits on 240 acres in the north part of Valley Ranch, a 1,400-acre master-planned community north of Kingwood.
Party City’s 12,000-square-foot store is expected to open in early December and Hobby Lobby’s 55,000-square-foot store is expected to open in the first quarter of 2017.
The remainder of the major tenants — Kroger Marketplace’s 123,000-square-foot grocery store and Sam’s Club — are expected to open between October and early 2017, Signorelli said.
Signorelli Co. is also working to add eight restaurants, including Chili’s, Chick-fil-A, El Pollo Loco and Freebirds, and dozens of specialty retailers in Valley Ranch Town Center’s phase one of development.
The major mixed-use and retail destination will likely further home sales in Valley Ranch, Signorelli said. The developer recently delivered 100 home lots to Legend Homes in its newest neighborhood, Azalea District, and is now moving forward on a 125-acre Valley Ranch Medical District.
“The reality of our Town Center gives people a better understanding of how dynamic Valley Ranch is,” Signorelli said. “We’ve already seen an uptick in home sales. Next year will be a record year for us.”
In the end, Valley Ranch will also transform the sleepy northeast Houston suburb into a regional destination, Signorelli said.
“What drives retail is the rooftops,” Signorelli said. “This northeast corridor already had an incredible amount of rooftops, but it was kind of overlooked compared to the northwest and southwest. But we have 175,000 people living here with an average household income pushing $90,000. These are phenomenal numbers. With this kind of population and so few services, it’s a no brainer for these retailers to come to Valley Ranch. It’s a win-win in one of the most dynamic growth areas in all of Houston.”
Read our latest news and insights to keep on top of our latest developments and projects. Make sure to sign up for our newsletter to receive the latest updates straight into your inbox.
November 14, 2018
Community Impact: The Signorelli Company to build new headquarters in The Woodlands
Work is underway on a new campus for The Signorelli Company in The Woodlands. The homebuilder and real estate company announced Nov. 14 it will take over the former KM Realty building at 1401 Woodlands Parkway, according to a news release. The completion date for the new 16,257-square-foot open-concept office building is anticipated for the [...]Read More
November 07, 2018
Signorelli Company named one of Houston’s 2018 Top Workplace
The SIgnorelli Company is honored and humbled to be ranked in Houston Chronicle's Top Workplaces of 2018! Working at the Signorelli Company is being part of a big family, and all our employees are passionate about what they do, the results, and the company culture. The success of this company is due to the talented work of our team [...]Read More
October 29, 2018
BISNOW: Two Different Blueprints: The Woodlands, Conroe Developers Target Office, Industrial Tenants
The rush of residents moving into Montgomery County is creating a tale of two cities with different but complementary approaches. Anchored by its residential communities, The Woodlands officials and developers are focused on the construction of more office property while Conroe officials want to attract [...]Read More