Two-minute impact: Development along the Grand Parkway is driving retail growth east of I-45 in south Montgomery County. Master-planned communities have expanded, and developers are building new retail centers to serve the growing population. Fidelis announced a 170,000-square-foot retail center, Grand Imperial Marketplace, slated to open in fall 2027 with a Sprouts Farmers Market, Marshalls, Five Below, Ross and Planet Fitness. Other developments include the Grand Oaks Shopping Center and FLEX Oak Ridge, which will provide 10,000 square feet of retail space and 100,000 square feet of industrial space.
What's happening? The east side of I-45 is becoming a major growth corridor due to its employment base, infrastructure, roads and schools. For example, Montgomery County MUD 99 has seen 125 new homes since 2025.
The local impact: Established retail centers are also experiencing high demand. The Imperial Oaks Shopping Center is fully leased, following a 46% population increase within a 3-mile radius since 2010.