lake woodlands crossing retail development · 2020. 3. 31. · the howard hughes corporation owns,...

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The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. 2/2020 JACOB WEERSING Capital Retail Properties 281.616.5938 832.344.6185 cell ERIC WALKER Capital Retail Properties 281.816.6551 ewalker@capitalretailpartners Frontage and visibility on Lake Woodlands Drive and Grogan’s Mill Road Retailers include Total Wine, Ulta Beauty, Flower Child, French Cuff Boutique, Stickhouse Gelato, Main Squeeze Juice Company, Massage Heights, Reach Stretch Studios, Houston Natural Mattress, and Beaux Toes Surface parking ±62,000 SF of retail space Inline bay depth of ±75 feet Individual loading docks Rare opportunity in The Woodlands Town Center Located on Lake Woodlands Drive between Six Pines Drive and Grogan’s Mill Road. Located next to 24 Hour Fitness and across the street from Market Street and H-E-B Minutes from I-45, just north of the ExxonMobil campus and 30 minutes north of Houston’s Bush Intercontinental Airport The Woodlands is home to more than 117,000 residents; over 67,000 people work in The Woodlands PROPERTY FEATURES LOCATION FEATURES Lake Woodlands Crossing Retail Development Northeast Corner of Lake Woodlands Drive & Grogan’s Mill Road The Woodlands, Texas Last Opportunity

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Page 1: Lake Woodlands Crossing Retail Development · 2020. 3. 31. · The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. 2/2020

JACOB WEERSINGCapital Retail Properties281.616.5938 832.344.6185 cell

ERIC WALKERCapital Retail Properties281.816.6551ewalker@capitalretailpartners

Frontage and visibility on Lake Woodlands Drive and Grogan’s Mill Road

Retailers include Total Wine, Ulta Beauty, Flower Child, French Cuff Boutique, Stickhouse Gelato, Main Squeeze Juice Company, Massage Heights, Reach Stretch Studios, Houston Natural Mattress, and Beaux Toes

Surface parking

±62,000 SF of retail space

Inline bay depth of ±75 feet

Individual loading docks

Rare opportunity in The Woodlands Town Center

Located on Lake Woodlands Drive between Six Pines Drive and Grogan’s Mill Road.

Located next to 24 Hour Fitness and across the street from Market Street and H-E-B

Minutes from I-45, just north of the ExxonMobil campus and 30 minutes north of Houston’s Bush Intercontinental Airport

The Woodlands is home to more than 117,000 residents; over 67,000 people work in The Woodlands

PROPERTY FEATURES LOCATION FEATURES

Lake Woodlands Crossing Retail DevelopmentNortheast Corner of Lake Woodlands Drive & Grogan’s Mill RoadThe Woodlands, Texas

LastOpportunity

Page 2: Lake Woodlands Crossing Retail Development · 2020. 3. 31. · The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. 2/2020

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Executed Leases

In Negotiations

Space Available

±10,000SF±5,664

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±25,000 SF

cross access

Lake Woodlands Crossing Retail DevelopmentNortheast Corner of Lake Woodlands Drive & Grogan’s Mill RoadThe Woodlands, Texas

±2,194 SF29’ (storefront)75’ (bay depth)

±3,470 SF57’ (storefront)75’ (bay depth)

Demising Option 1 Demising Option 2

±3,019 SF46’ (storefront)75’ (bay depth)

±2,645 SF41’ (storefront)75’ (bay depth)

Page 3: Lake Woodlands Crossing Retail Development · 2020. 3. 31. · The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. 2/2020

Lake Woodlands Crossing Retail DevelopmentNortheast Corner of Lake Woodlands Drive & Grogan’s Mill RoadThe Woodlands, Texas

Lake Woodlands Crossing Retail Development

Page 4: Lake Woodlands Crossing Retail Development · 2020. 3. 31. · The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. 2/2020

Source: BGE

Source: Metrostudy / Neustar, Inc.

JACOB WEERSINGCapital Retail Properties281.616.5938 832.344.6185 cell

ERIC WALKERCapital Retail Properties281.816.6551ewalker@capitalretailpartners

Lake Woodlands Crossing Retail DevelopmentNortheast Corner of Lake Woodlands Drive & Grogan’s Mill RoadThe Woodlands, Texas

POPULATION 1-mile 3-mile 5-mile

2018 6,158 63,928 157,523

2023 Projected 7,217 72,309 178,250

NUMBER OF HOUSEHOLDS2018 3,076 27,065 60,356

2023 Projected 3,615 30,647 68,334

MEDIAN AGE2018 47 40 38

2023 Projected 48 42 40

AVERAGE HH INCOME2018 $166,161 $115,682 $124,444

2023 Projected $168,390 $117,523 $126,151

MEDIAN HH INCOME2018 $135,331 $83,155 $94,429

2023 Projected $138,942 $84,676 $95,893

% INCOME OVER $75K2018 70.6% 53.9% 59.6%

2023 Projected 71.1% 54.8% 60.3%

% INCOME OVER $100K2018 61.2% 41.5% 47.1%

2023 Projected 62.3% 42.6% 48.0%

AREA DEMOGRAPHICS

TRAFFIC COUNTS

Waterway Square®

Cynthia Woods Mitchell Pavilion

Hughes Landing

Market Street

24,697 on Lake Woodlands Drive 19,447 on Grogan’s Mill Road

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Houston

45 69

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1960

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Page 5: Lake Woodlands Crossing Retail Development · 2020. 3. 31. · The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout

2/2020

Plans and renderings are artist’s concepts and are subject to change. All information provided regarding this property is from sources deemed to be reliable; however, no warranty of representation is made to the accuracy thereof.

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 14 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC with major offices in New York, Columbia, MD, Dallas, Houston, Las Vegas and Honolulu.

Location The Woodlands, a 28,000-acre master planned community, is located 27 miles north of downtown Houston, TX and 20 miles from Houston’s Bush Intercontinental Airport.

Facts More than 117,000 people live in The Woodlands’ nine residential villages. The Woodlands is home to approximately 2,200 businesses that employ over 67,000 people. Since 1990, The Woodlands has been one of the best-selling master planned communities in the U.S.

Memorial Hermann The Woodlands Hospital with 304 beds

CHI St. Luke’s Health-The Woodlands Hospital with 242 beds

CHI St. Luke’s Health-Lakeside Hospital with 30 beds

Texas Children’s Hospital The Woodlands

Houston Methodist The Woodlands Hospital

MD Anderson Cancer Center (opening 2019) ME

DIC

AL

Approximately 200 specialty and family restaurants

Restaurant Row at Hughes Landing

The Woodlands Resort with 406 deluxe guest rooms, 60,000 square feet of meeting space, 36 holes of golf, spa and lazy river

The Westin at The Woodlands with 302 guest rooms and 15,000 square feet of meeting and event space

Embassy Suites by Hilton The Woodlands at Hughes Landing with 205 suites and over 3,000 square feet of meeting and banquet space

The Woodlands Waterway Marriott Hotel & Convention Center with 343 guest rooms and 70,000 square feet of meeting space

DIN

ING

/HO

SP

ITA

LIT

YR

EC

RE

ATIO

N

The Woodlands Waterway® in Town Center

3 membership clubs with 135 holes of golf, including The Club at Carlton Woods

The Cynthia Woods Mitchell Pavilion, an outdoor amphitheater that accommodates 16,500 people

200 220

2147 42

7,665

76

acres of green space

outdoor tennis courts

acres Lake Woodlands

miles of hike and bike trails

YMCA facilities

neighborhood parks

religious congregations

Convenient access to Houston’s Bush Intercontinental Airport

Pedestrian-friendly commercial and retail space

23.5 8.2million sq ft of office, research, institutional and industrial space

million sq ft of retail, including Hughes Landing, a 66-acre mixed-use development on Lake Woodlands, The Woodlands Mall and Market Street

BU

SIN

ES

S

Conroe, Tomball and Magnolia Independent School Districts

Lone Star College-Montgomery, part of the Lone Star College System

ED

UC

ATIO

N

23 10 13,000+area, highly acclaimed public schools

private schools

students enrolled in college courses

The Woodlands Development Company1790 Hughes Landing Blvd., Suite 600The Woodlands, TX 77380TheWoodlands.com

JACOB WEERSINGCapital Retail Properties281.616.5938 832.344.6185 cell

ERIC WALKERCapital Retail Properties281.816.6551ewalker@capitalretailpartners