Tomball - Magnolia Edition | January 2023

2023 ANNUAL COMMUNITY GUIDE

Raking in the revenue

development partner, in a Jan. 9 email. In a Jan. 10 phone call, Alvis said Gringo’s Mexican Kitchen is con- rmed for the development. “We’re hoping to start delivering some retail and restaurants in the third quarter,” Alvis said via email. Magnolia-area developments In Magnolia, the east side of the city is experiencing the most develop- ment with three projects—Magnolia Place, Magnolia Village and Heritage Green—in the works. At Magnolia Place, HEB opened in November with additional tenant spaces following. Across the street, three mul- titenant buildings are being built for the 60-acre Magnolia Village devel- opment, and multiple single-tenant pad buildings are working on permit submission to the city of Magnolia, Patrick Egan, the executive vice pres- ident of development for Gulf Coast Commercial Group, said in a Jan. 10 email. Egan said tenant space should be available in early summer. Magnolia Village also features a multifamily housing project by

The cities of Tomball and Magnolia and two local special-purpose districts have seen sales tax revenue collections rise annually as commercial development continues across the region.

2022:

SOURCE: TEXAS COMPTROLLER OF PUBLIC ACCOUNTS COMMUNITY IMPACT

Sales tax revenue (2014-22):

$25M

$21.55M

2014:

$20M

$14.26M

2022:

$15M

$9.47M

2022:

$4.76M

$4.91M

$10M

2014:

$160.3K

$2.43M

$2.8M

$5M

City of Magnolia

City of Tomball

Westwood Magnolia Parkway Improvement District

Montgomery County ESD 10

Trammel Crow Residential, which is aiming to open in the rst quarter of this year, Egan said. Additionally, Heritage Green, a 36-acre development nearby, has two buildings totaling 20,000 square feet in the works. “We have seen this area grow and grow,” Steve Gibson, co-owner and

partner of Shadyside Land Co.—which owns Heritage Green—said in a Jan. 10 interview. Gibson said the goal is to nish the two buildings in March. Also a part of Heritage Green, there are more pad sites where tenants such as Wendy’s, Wells Fargo and Starbucks will be located, said Jim Goettee, co-owner

and partner of Shadyside Land Co. “We’re just really excited to be here,” Gibson said. Cassandra Jenkins contributed to this report.

For more information, visit communityimpact.com .

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TOMBALL MAGNOLIA EDITION • JANUARY 2023