>Retail is following the rooftops in Aliana, a master-planned community Richmond that registered 500 new home sales in 2014.
KM Realty Advisors is under contract to purchase 4.4 acres at the southwest corner of West Bellfort and FM 1464. The site is catty-corner from the Club at Aliana amenities center. The site is just south of the proposed CVS Pharmacy development on the same corner.
KM plans to build The Shops at Aliana, a neighborhood retail center containing about 20,000 square feet. The remaining land will be offered for lease to retailers who build their own stores.
“This is an exciting project as the location, including CVS Pharmacy, will be the first commercial site developed in Aliana,” Steven Stone of KM Realty Advisors said in an e-mail “This is not only a strong neighborhood retail site, being located in the heart of one of the fastest selling neighborhoods in the United States, but also a great site because of its frontage on two major thoroughfares just off the Grand Parkway.”
The land purchase is anticipated to close in early June, with groundbreaking planned in the third quarter. Completion is targeted by the end of 2016, Stone said.
“Now, we’ve only been under contract a few days but have received strong interest from medical practices and traditional service retail users,” Stone said. “We also see this as an excellent site for regional and national credit quick-service and fast-food restaurants, which area residents and passers-by truly need.”
Aliana was listed as the Houston area’s No. 8 top selling master-planned community of 2014, according to John Burns. In 2013, it ranked No. 15 with 468 sales.
Aliana, which spans 2,000 acres near the Grand Parkway and West Airport in Fort Bend County, is preparing to host a grand opening of a new its new model home village and backyard showcase.
On March 28 and March 29 from 11 a.m. to 4 p.m., homes will be on display from Ryland Homes, Perry Homes, Highland Homes, Ashton Woods Homes, Serenity by Plantation Homes, Meritage Homes, Village Builders, Coventry Homes, Highland Homes, Village Builders and J. Patrick Homes.
Source : https://blog.chron.com/primeproperty/2015/03/km-realty-advisors-plans-neighborhood-retail-center-in-aliana/