SUGAR LAND – (Realty News Report) – Lionstone Investments is undertaking a comprehensive renovation of Sugar Land Town Square, the 1.4 million-square-foot mixed-use development located in Sugar Land on the southwest side of the Houston metropolitan area.
Sugar Land Town Square comprises approximately 223,000 square feet of retail and restaurant space, 566,000 square feet of Class A office space, 167 condominiums, a full-service Marriott hotel with a conference center, and the City Hall of Sugar Land.
As owner of the property, Lionstone Investments is partnering with Dallas-based Rebees, Sugar Land-based Planned Community Developers, and the City of Sugar Land to transform “The Square” into a more vibrant destination at the heart of one of the fastest-growing, most affluent and most ethnically diverse cities in the nation. The redesign will expand public programming to activate communal areas, improve the pedestrian environment, and welcome new merchants.
“For many years, Sugar Land Town Square has served as a hub for community engagement. We are investing aggressively in its future at a time when many other projects are scaling back,” said Tom Paterson, COO of Lionstone. “This redesign will create dynamic and flexible spaces for a diversity of uses and users to interact safely.”
The initial phase, scheduled for completion by mid-2021, focuses on enhanced landscaping, new outdoor spaces designed to support social distancing, and additional public seating. Updated branding, lively signage and refreshed tenant storefronts will improve the visitor experience. New tenants will include local entrepreneurs offering original dining and retail concepts, such as the recently opened State Fare Kitchen and Mattison Avenue Salon & Spa.
“The vision guiding the evolution of Sugar Land Town Square is to create a lively, walkable village filled with unique merchants, delightful surprises, outdoor communal areas, and authentic expressions of local culture,” said Matt Ragan of Rebees.
Developed in 2003, Town Square sits near the intersection of U.S. 59 and Highway 6 in Fort Bend County and draws residents from the surrounding First Colony master-planned community, which spans roughly 10,000 acres and has been expanding for decades.
Lionstone Investments is a wholly owned subsidiary of Columbia Management Investment Advisers, LLC.
Oct. 22, 2020 Realty News Report Copyright 2020
Caption: Rendering courtesy Sugar Land Town Square
File: Sugar Land Town Square