Katy South Fulshear Edition | November 2023

From the cover

Fulshear to see commercial, utility growth

The big picture

New developments

Residential 1 Pecan Ridge • Currently selling • 797 homesites 2 Estates at James Lane • Opening spring 2024 • 38 1-acre homesites

Commercial 3 Fulshear Marketplace • 100,705 square feet • Mixed use with residential and park space

Water 5 Water plant 1 (downtown) • $7.6 million expansion 6 Water plant 2 (Pecan Ridge) • $4.3 million new storage tank

A variety of residential and commercial projects are making progress in the Fulshear area as the auent, largely residential city moves to further develop its downtown area. A developing city in northwest Fort Bend County, Fulshear includes expansive master-planned communities such as Cross Creek Ranch in its city limits, with more in its extraterritorial jurisdiction—the unincorporated area outside of city limits. Fulshear historically has relied on building permits and property taxes for its revenue, Assistant City Manager Zach Goodlander said. However, he said the city’s general fund has seen increasing sales tax revenue as further commercial projects are coming to the area. Sales tax revenue has increased by 60% over the past ve years, according to budget documents. “We’re getting a lot of … nationally known tenants occupying [FM 1463],” Goodlander said. “That corridor is largely getting built out. And we’re slowly but surely starting to see a lot of the commercial interest move west into our downtown area.” The downtown area is seeing new major residential developments alongside plans for a mixed-use project called the Fulshear Marketplace. The project is in a preleasing phase for retail, restaurant and oce spaces, according to project documents. Additionally, another commercial development from company ICO Commercial in the downtown district is now leasing. A new H-E-B is expected to come in the future on the opposite side of FM 1093 from the downtown area and act as a future “anchor” to the nearby Fulshear Marketplace. Goodlander said a timeline has not been shared yet.

4 ICO Commercial • 20,000 square feet • 3 buildings for lease

SOURCES: CITY OF FULSHEAR, TRI POINTE HOMES COMMUNITY IMPACT

ROGERSRD.

359

4

WATER PLANT RD.

5

6

HOUSTON ST.

HUGGINS DR.

3

1

Fulshear

1093

FULSHEAR LAKE

Fulbrook

2

N

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