Herb Weitzman Breaks Ground on 1 Million SF Project with HEB

MANVEL, Texas (Realty News Report) – Weitzman, a Dallas-based shopping center developer, broke ground Tuesday on the first phase of its 1 million-SF Manvel Town Center development south of Houston.

Anchored by an H-E-B grocery, the open-air shopping center will be located at the intersection of Highway 288 and Highway 6.

Manvel Town Center’s groundbreaking represents the beginning of not only one of the largest retail-focused projects in Houston’s history, it will be the largest project ever for Weitzman in our 31-year history,” said Herb Weitzman, executive chairman and founder of Weitzman. “Alongside this world-class H-E-B, we envision a wellbalanced collection of leading retail anchors, shops, restaurants, fitness, health, beauty and entertainment uses that will attract shoppers and visitors for decades to come.”

The new H-E-B is designed to total more than 100,000 SF of retail space and will include a fuel station and car wash. The first phase of Manvel Town Center, including the H-E-B and some pad sites, is scheduled to come online in late summer of 2022.

After heavy morning thunderstorms cleared, Manvel city officials, representatives of H-E-B-anchored Manvel Town Center and the Weitzman organization broke ground Tuesday. At the center of the shovel lineup is retail center veteran Herb Weitzman. Photo: Courtesy Weitzman

The 273-acre Manvel Tower Center development will benefit from the growing population in Brazoria County. In recent years, the Houston metropolitan area has has rivaled neck-and-neck with Dallas as the top two markets in the nation for homebuilding.

During the pandemic – with mortgage rates near record lows and millennials eager to buy homes – suburban home construction skyrocketed. Since then, retail developers have been getting in position to meet the suburban growth.

Strong residential growth surrounding Manvel Town Center is one reason that population within the trade area is on track to jump almost 16  percent by 2025. Major residential communities in the immediate trade area include Lakes of Savannah, Meridiana , Del Bello Lakes, Rodeo Palms, Lakeland, Sterling Lakes, Sierra Vista,  Pomona, Sedona Lakes  and more. All told, Manvel Town Center is surrounded by 28  active home communities that report approximately 25,000 future lots for a total of approximately 72,000 total units.

Retailers at Manvel also will benefit from the No. 1 retail location in the trade area. This trade area, which encompasses a fifteen-minute drivetime reports average household incomes over $110,000  and close to 291,000 residents. Additionally, the daytime population within this trade area is 242,735. Daytime population is an important consideration for retailers and restaurants, because it indicates steady traffic throughout the day.

Manvel, which is experiencing notable residential growth and is on track to see its population boom over the next two decades, is the first major growth market south of Pearland. The area currently reports nearly 182,000 residents within a seven-mile radius of Manvel Town Center, and the households in the radius report an average household income of $119,567.

Residents of Manvel, located in Brazoria County, can use Highway 288 to commute to Houston’s Texas Medical Center, where 106,000 people are employed.

Manvel Town Center further benefits from than 6,600 feet of frontage and direct access from Highway 288 following Weitzman’s construction of a feeder road modification and curb cut into the site.


June 22, 2021 Realty News Report Copyright 2021


For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up  by Ralph Bivins. Available on Amazon  http://tiny.cc/4a2g6y  

Houston 2020 Ebook version  https://tinyurl.com/4xm7z8b5   


Images: Courtesy Weitzman


File: Herb Weitzman Breaks Ground

 

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