Second Phase of 1.5 million Square-Foot Retail Destination Now Underway
With over 505,000-square-feet in the first phase of development nearing completion in Valley Ranch Town Center, construction of the second phase is now underway. A popular mix of “big box” retailers have signed on for the second phase, including TJ Maxx, Ross Dress for Less, Rack Room Shoes, Burlington and PetSmart. Stores that are already open in the first phase include Academy Sports + Outdoors, Sam’s Club, Party City, Panda Express, Subway and Sally Beauty. The 123,000-square-foot Kroger Marketplace® and 55,000 square foot Hobby Lobby will both open for business the first week in April.
Master-planned to include approximately 1.5 million square feet of retail, dining, hospitality, entertainment and civic venues when it is completed next year, Valley Ranch Town Center is currently the largest retail project underway in the Houston area. This 240-acre retail destination is situated within the 1,400-acre master-planned community of Valley Ranch, at the epicenter of growth in the Northeast Houston corridor at I69/99, just north of Kingwood. It is a project of The Signorelli Company, recognized as one of the leading real estate developers in Texas.
With a diverse collection of around 85 stores, restaurants and entertainment options from both national brands and local entities, Valley Ranch Town Center is quickly becoming the premier shopping center where customers can shop, dine and be entertained in Northeast Houston. “Our timing and location couldn’t be more perfect with the opening of the Grand Parkway bringing an influx of residential and business growth to northeast Houston. There is a tremendous amount of pent-up demand for quality retail in this area of Houston and our tenants will reap the benefit. Our master plan for Valley Ranch Town Center also includes civic and entertainment elements to generate even more traffic to our stores and restaurants” said Daniel Signorelli, President and CEO of The Signorelli Company.
The second phase of the project is underway, according to Signorelli. In addition to the big box retail, Cinemark Theatres will begin construction of a NextGen® all recliner theater with 10 screens, the first anchor in the Valley Ranch Town Center Entertainment District. Signorelli says that the second phase should open in late 2017, adding nearly 320,000 square feet to the center.
Also in the Entertainment District is a planned 13,500-seat outdoor amphitheater for concerts and events. Town Grove, a 135-acre park that borders Valley Ranch Town Center, features serene lakes and will be a natural gathering place for special events. Texan Drive Stadium, Ed Rinehart Park and New Caney ISD’s new Aquatic Center are other civic elements that will bring people to enjoy all the excitement Valley Ranch Town Center has to offer.
Aerial Photo of Valley Ranch Town Center taken January 2017.
Along with major amenities like Valley Ranch Town Center, the 1,400 master-planned community of Valley Ranch features new homes in a variety of price ranges by Signorelli Homes, First America Homes, Legend Homes and newest builders Horizon Homes and CastleRock Communities priced from the $180s to $400s. Parks, lakes, wooded trails, a community clubhouse with pool and waterpark, plus excellent New Caney ISD neighborhood schools add to the appeal of Valley Ranch. Valley Ranch is planned to include approximately 2,500 homes and townhomes and 1,000 multi-family residences upon completion.
Valley Ranch is strategically located within minutes of Bush Intercontinental Airport, Houston’s Central Business District, The Galleria/Uptown, The Woodlands, and minutes from ExxonMobil’s 385-acre campus in Spring – making it one of the closest commutes of all of the recently announced master-planned communities.
For more information about Valley Ranch, visit www.valley-ranch.com. For a complete list of stores, restaurants and entertainment venues coming to Valley Ranch Town Center, visit the website at www.shopvrtc.com.
About The Signorelli Company:
For more than two decades, The Signorelli Company, founded by Daniel Signorelli, has developed and built the finest places where families can live, work, shop and play. Diversified in all aspects of real estate, from single-family and multi-family to retail, commercial and mixed-use projects, The Signorelli Company is recognized as a leader in Texas and Oklahoma, and is one of the largest privately held development companies in the State of Texas. The company is headquartered in The Woodlands, TX. For more information about The Signorelli Company, visit www.signorellicompany.com.