Kimco Opens Grand Parkway Marketplace

Phase one is set for full completion in third quarter 2017.

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
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.