Read King Properties plans to build a mixed-use shopping center with apartments around a newly opened H-E-B in Humble, according to state filings.
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The project, known as The Market at The Groves, will be the Houston-based developer's third retail-anchored multifamily development, The Real Deal reported. Plans call for a 336-unit apartment complex and four retail buildings, according to a filing with the Texas Department of Licensing and Regulation.
The development is near The Groves, a master-planned community, as well as the Madera Run H-E-B. The H-E-B opened in March at Woodland Hills Drive and Madera Run Parkway in the Humble/Atascocita area.
The Market at The Groves will be at the same intersection, the Houston Business Journal reported.
Groves apartments will feature 12 three-story buildings, detached garages, a clubhouse and a pickleball court, according to the TDLR filing. The projected cost for the apartments is $60M, though filings are preliminary and subject to change.
The developers hope to start construction in the spring and complete the complex within two years, Trevor Meeks told the HBJ. Meeks + Partners is the designer partnering with Read King on the apartment project.
The Market at The Groves’ four retail buildings will range from 4K SF to 22K SF and are “for speculative retail, restaurant, office and/or tenant occupancies,” the HBJ reported, citing TDLR filings. Upon filing in April, the developers expected the buildings’ completion next spring.
The upcoming project shares qualities with Read King’s Market at Katy Park shopping center, a 54-acre shopping center anchored by an H-E-B.
The Market at Katy Park has a 348-unit apartment complex under construction, TRD reported. Read King partnered with Wayfinder Real Estate, an Austin developer, on that project as well as The Waterview, a 295-unit apartment complex near Read King’s Waterview Town Center, according to TRD.
Read King declined to comment on its Humble development to the HBJ, but a brochure for the development on its website mentions secured tenants, including Whataburger, Chase Bank, Valvoline, Milano Nail Spa, Pacific Dental and Longhorn Liquor.
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