A new retail development is about to rise on the site of Exxon Mobil Corp.'s former Brookhollow campus.
Houston-based Fidelis Realty Partners purchased the property in 2016, and demolition is now complete, according to a press release. The site is at the corner of Highway 290 and Dacoma Street.
Construction of the 200,000-square-foot shopping center — dubbed Brookhollow Marketplace — is underway. LSI General Contractors is the general contractor, and the architect is Boucher Design Group. Fidelis is handling leasing in-house.
Tenants slated for the project include Burlington, Michaels, Ross, T.J.Maxx, Ulta, Old Navy, Rack Room Shoes and Five Below. An 80,000-square-foot Floor & Decor will be east of the power center, and an additional 38,000 square feet of inline space will feature dining, health and beauty, medical, and service tenants.
Retailers are expected to begin opening in Brookhollow Marketplace this fall.
Brookhollow Marketplace will be the largest shopping center in a 3-mile radius, said Lynn Davis, co-president and chief leasing and development officer for Fidelis. The project is expected to draw shoppers from the nearby communities of Oak Forest and Garden Oaks as well as daily local traffic. The release also notes that freeway access has been adjusted in the area, which will help with accessing Brookhollow Marketplace.
The proposed high-speed rail line between Houston and Dallas also is expected to benefit Brookhollow Marketplace. The nearby Northwest Mall has been selected as the preferred site for Houston's station. The project is expected to include roadway improvements plus generate additional jobs and likely additional housing needs.
Irving, Texas-based Exxon (NYSE: XOM) put the Brookhollow property on the market in mid-2014 as it prepared to consolidate thousands of employees across the Houston area into its new Springwoods Village campus.
Elsewhere, Fidelis is in the midst of redeveloping Baytown's San Jacinto Mall into an outdoor retail and lifestyle center called San Jacinto Marketplace. The company also bought a 36-acre parcel of land in a planned mixed-use project north of The Woodlands. Fidelis plans to build a retail project anchored by a grocery store.
Although known for its focus on retail real estate, Fidelis also launched a multifamily division last year.