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Plans are being made to see Fort Bend County’s The Grid development to completion, officials said.
What's happening: The 192-acre undertaking, located in Stafford’s Innovation Corridor off Hwy. 59, has seen a growing number of retail, restaurants, apartments, offices and recreation options within walking distance since construction began in 2018.
Zooming in: The initial plan was to convert the center of the development into offices and have a surrounding gathering space. However, due to the lack of a financeable office market, Brian Murphy, the managing principal of StreetLevel Investments, said they have had to adapt, bringing in a hotel group, a multifamily group partner to construct 250 multifamily units, restaurants and other forms of entertainment.
What's next: Target, Portillo’s and Cava have opened in the last six months, with Panera Bread joining the area soon, Murphy said. Additionally, JLB Partners is tackling a construction project of 350 residential units.
However, it could take three to five years for The Grid to be fully realized.
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