cla

It is no longer being marketed as a mall, but as a mixed-use site... http://verdeparc.com/ http://impactnews.com/houston-metro/katy/new-life-imagined-for-property-at-i-10-and-the-grand-parkway/

http://www.lacenterra.com/files/337/download/ Nothing specific noted on the site plans other than retail/office and apts. Looks like there is a Phase 4 which includes office and retail space and and unnamed phase of apts

We heard about Trader Joe's coming to Katy - another forum had this link... http://www.houstonchronicle.com/business/article/Trader-Joe-s-to-open-store-in-Katy-area-next-year-4784939.php Katy residents who want dried chile-spiced mango or a jar of cookie butter will have a shorter shopping trip next year. Specialty grocer Trader Joe's, known for its quirky offerings, will open its fourth Houston-area store in the Cinco Ranch area sometime in 2014. The store will be at 2643 Commercial Center Blvd., company spokeswoman Alison Mochizuki said. "Cinco Ranch is a wonderful community, filled with foodies - it's a great fit for Trader Joe's," she said. The Monrovia, Calif.-based specialty grocer arrived in Houston last year, and the company currently has locations in The Woodlands, Montrose and Memorial areas. Trader Joe's offers gourmet and organic products, often value-priced. Products range from a wasabi seaweed snack to staples such as milk and eggs. About 80 percent of the store's products are private label. The Cinco Ranch store will be 12,500 square feet. Trader Joe's is a "well- managed company," has no debt and is "unique" in its offerings, said David Livingston, an analyst at Waukesha, Wis.-based DJL Research. The company is among the industry leaders in generating sales per square foot, he said. It typically places its stores in high-density areas with higher-income residents. An H-E-B has been in Cinco Ranch for a few years, and Kroger and Whole Foods have opened stores in the high-growth area within the past year or so. Trader Joe's has almost 400 stores in 35 states.

Also, Kickerillo bought a large piece of property north of the proposed mall and began marketing an upscale neighborhood. Now both that land and the proposed mall property is being marketed for sale by Page Partners

That has been there since the late 90's I believe. It was being developed as an outlet mall at the same time that Katy Mills mall was being planned. The developers of katy mills (I am assuming Simon) bought out the other. Around 2006/2007 or so Simon started marketing the Grand (first to open in 2009, then 2011 and 2012), but it never came to fruition. Found this old story on bizjournals: Katy Mills becomes lone survivor in war for the west Developers drop plans for Premium Outlet Mall to accept buyout offer Laura ElderAnd then there was one. After more than a year of battling it out over Katy mall territory, Arlington, Va.-based The Mills Corp. finally prevailed by paying off rival developers Indianapolis-based Simon Property Group along with New Jersey-based Chelsea GCA Realty Inc., to back out of its deal to build an outlet shopping center -- Premium Outlet Mall -- near the Mills project. Tired of verbal competition and litigation costs, Mills and Simon will co-develop a master-planned retail, office and hotel complex on the site. And after the buyout, Chelsea will be completely out of the picture. Mills is apparently taking a bygones approach to the entire deal. "It also enables us to join our partners at Simon to develop an attractive site at I-10 and Grand Parkway for complementary uses. We achieve critical mass at a great growth location for a very attractive price," says of Mills CEO Laurence C. Siegal. Mills also will pay $9.2 million to buy Chelsea's half-ownership in the 150 acres site where it proposed to build the mall. Simon Property and Chelsea had plans to build Houston Premium Outlet Center at the northeast corner of Interstate 10 and the Grand Parkway. Last year, rivalry between Mills and Chelsea GCA intensified when the two companies announced they would develop outlet malls in Katy. And at one point, another mall project in the vicinity was announced, only to be scrapped by developers. Under terms laid out this week, Simon and Chelsea GCA will terminate its development of the Houston Premium Outlets, a planned-value shopping center, located just two miles from Katy Mills, a project that Mills has already begun. Burying the Houston PremiumOutlet mall is going to cost Mills Corp. Under the agreement, Mills will pay Chelsea $21.4 million (including interest) over a four-year period, as well as immediate reimbursement for its share of land costs, development costs and fees to the related project. Siegal says the buyout and the resulting partnership with Simon is well worth the expense. "This expenditure represents only seven percent of the total cost of the Katy Mills project," he says. Katy Mills development will cost the company $250 million. The 1.4 million-square-foot project will sit on 640 acres in Katy and is expected to open November of next year. Mills' project also includes some 400 acres of peripheal development that could include a golf course, hotels, restaurants, office, entertainment and other facilities. As a part of its agreement to sell its partnership interest in the Houston site, Chelsea agreed to certain restrictions on competing in the Houston market through the year 2002. The lawsuit filed earlier this year by Mills Corp. to block the Simon Property Group and Chelsea GCA claimed Simon had agreed not to build competing malls in the same market without first offering Mills a 50 percent stake in the development. Although both malls publicly contended their concepts were quite different, the companies now agree that all parties were working on an identical development, consisting of big-name, off-price retailers. Already, stores including Bass Pro Outdoor World, Off Rodeo Drive Beverly Hills, a Virgin Megastore, Books-A-Million, and a Boot Town Outlet among others have made commitments to Mills. But officials have no word on what will become of tenants committed to Houston Premium Outlets. In March of this year, Houston Premium Outlets announced it had snagged a Last Call Neiman Marcus clearance store and a mega-movie theater. All along, local real estate observers predicted the two malls couldn't co-exist, saying there weren't enough shoppers or tenants to go around. Paul White, a spokesman for Mills, says it's too early to know what will become of tenant agreements already struck. "There's been no movement," says White. "We understand that Houston Premium Outlet had two or three preliminary agreements, but nothing has been decided. There's going to be a lot of transitioning to take place first."

http://abclocal.go.com/ktrk/livenow?id=8352746 We have been watching this from our office at the Beltway and Westheimer.

OMG. I was typing 'they will probably have a sign up', and meant to change it to 'there will probably be a sign". I be mortified. lol

Katy ISD does have elementary school #35 going up in that area - set to open in 2012. If it is a Katy ISD project, they will probably be a sign.

Add a Fit N Fresh Gourmet store to the new line up as well From today's real estate transactions on the Chron.com

LaCenterra is trying to figure out what residents want from phase 2... There are several categories Restaurants Shopping Grocery Entertainment Other services http://www.surveymonkey.com/s/YCCBQHC

I (she) did mean the city of Houston, since you can search by city, not school district on the Newsweek site.

Rank 403

It doesn't really matter.

I have already participated in that thread.