BY EMILY LINCKE
What they’re saying
Looking ahead
Over the summer, EMCID’s board of directors approved tax rebate agreements with developers for two retail centers planned to be built near the intersection of FM 1314 and the Grand Parkway, as previously reported by Community Impact . Dhanani and Caldwell Communities are developing each shopping plaza separately. Dhanani’s shopping center, Porter Retail, will fetch a rebate of $0.0025 on the total sales and use tax revenue from businesses located within the plaza each calendar year for 10 years, Mattlage said. The name and timeline for Caldwell’s center had not been announced as of press time, but it will earn a $0.005 tax rebate for retail for 15 years. Dhanani’s shopping center broke ground in September. Caldwell Companies declined to comment on the planned retail development.
Highlights of upcoming retail projects from Caldwell and Dhanani Potential tenants include Little Caesars and Beans & Brew Co ee Construction timeline: September- summer or fall of 2026 Porter Retail shopping plaza 342 units plus amenities Construction timeline: September-TBD Territory at Porter apartments Details TBD Construction timeline: TBD Caldwell unnamed retail project
“Growth is coming because the people are, and what do people want? They want amenities and close access.”
KELLEY MATTLAGE, EMCID VICE PRESIDENT AND CHIEF COMMUNICATIONS OFFICER
“We like that we have options, but … it’s a bit much. People need to keep moving further and further out to get out of the ‘city’ feel.”
LUCY CERVANTES, PORTER RESIDENT
SOURCES: DHANANI PRIVATE EQUITY GROUP, EAST MONTGOMERY COUNTY IMPROVEMENT DISTRICT COMMUNITY IMPACT
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NEW CANEY PORTER EDITION
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