Development
BY NICHAELA SHAHEEN
Developer hopes to bring $1B town center to Magnolia
A 200-acre mixed-use development, Magnolia Town Center, is undergoing review by the city’s planning and engineering departments. The project is being proposed by Tannos Development Group, LLC, CEO and President Louis Tannos said. The estimated total value at full build-out is set to be near $1 billion, Tannos said. What we know The project is still early in the city’s standard development process, Tannos confirmed. Mayor Matthew “Doc” Dantzer said the proposed town center has not yet been brought to the Planning & Zoning Commission or Magnolia City Council. “Magnolia is a place with strong community roots; any development that wants to contribute to that vision is welcome to bring forward their plans,” Dantzer said. “We have development codes and plans in place to guide this growth, and all plans are reviewed in a public forum for the public to attend.”
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Magnolia Town Center
MAGNOLIA BEND TERRACE
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A closer look Tannos said about $55 million in land sales are already under letters of intent, many involving national brands. Tannos also said he hopes to break ground as early as the first quarter of 2026, pending city approval, with completion 12 to 14 months after. “That’s a huge influx of new property taxes for the city,” Tannos said.
Tannos said the proposed site plan includes: • 187 single-family homesites • Multifamily spaces • Condominium spaces • Retail spaces • Two parking garages • A potential convention center • Three public-access lakes • Office buildings • Hospitality, public green space to be donated back to the city entertainment and walkable waterfront shopping areas • Over 30 acres of
SOURCE: TANNOS DEVELOPMENT GROUP, LLC/COMMUNITY IMPACT
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