Are any businesses ever gonna go in? Rent too high? Talking about the one next to midas on TX near Harvey Mitchell
Post Reply
1 of 1
Shopping center on TX near Harvey Mitchell
2,570 Views |
17 Replies |
Last: 3 days ago by vwbug
Wow that's so new I dont even see it on Google maps nor street view.DonHenley said:
Are any businesses ever gonna go in? Rent too high? Talking about the one next to midas on TX near Harvey Mitchell
Orlando Ayala Cant Read
Joined:
May 17, 2004
Posts:
70,391
How long do you want to ignore this user?
AG
I suspect rent is high since the location is prime, there was quite a bit of civil and engineering done, and since it was done at peak construction costs. It may or may not also have a high interest rate too. It'll lease up eventually but I'm guessing most tenant prospects find it unaffordable
They built that pretty darn fast. Wonder if Oldham/Goodwin needed a tax write off 
Red Pear Luke (BCS)
Joined:
May 20, 2021
Posts:
2,272
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
I'll just say it is repreplexing that they didn't have anything even preleased before finishing up construction.
Which leads me to think the rent is too high cause their costs are too high.
They need to find them selves a good anchor tenant but my suspicion is gonna be that parking with be a constant issue at the property when/if fully leased up.
Which leads me to think the rent is too high cause their costs are too high.
They need to find them selves a good anchor tenant but my suspicion is gonna be that parking with be a constant issue at the property when/if fully leased up.
Is it really a prime location? It feels like Texas is a bit of a dead zone from Southwest Parkway until you start getting to Rock Prairie area (minus the Walmart).
Orlando Ayala Cant Read said:
I suspect rent is high since the location is prime, there was quite a bit of civil and engineering done, and since it was done at peak construction costs. It may or may not also have a high interest rate too. It'll lease up eventually but I'm guessing most tenant prospects find it unaffordable
Before the city removed access to the P&Z documents there was some sort of vaguely New Orleans-themed shopping center (similar development style, small shopping center) planned for the site. Probably the engineering work was why it was scrapped back then.
Captn_Ag05 said:
Is it really a prime location? It feels like Texas is a bit of a dead zone from Southwest Parkway until you start getting to Rock Prairie area (minus the Walmart).
There's a lot of drive-by traffic, but it's hard to access from Texas. One of those is of course the medians, and I'm not even sure if it has access from the back of Harvey Mitchell Parkway, nor can I see what they could add there as a big draw. There's space for restaurants, maybe, but nothing for a grocery store space (even a smaller, specialty one), retail store, or drive-through.
I think it will have access to Harvey Mitchell in the future. Im pretty sure lot that connects is the same owners and they're selling it as multifamily. Cross access for to Harvey Mitchell is sorely needed for that center, access is a big draw back right now.
Let's go with just south of Harvey. Sure, you've got Target and Outback, but the rest is not great.
That area is now south-central College Station and yeah, it's basically a wasteland. About as bad as south-central LA.
Obviously not serious. Is Texas/HMP really considered "not-so-great???"
I'm not sure what they meant. Traffic count, maybe? I don't think so, that part can still get busy during rush hour. A "not-so-great" part of town? Maybe...it's not a particularly wealthy part of town and probably downmarket as far as CS in concerned, but Walmart is still a huge draw.AggiePhil said:
Obviously not serious. Is Texas/HMP really considered "not-so-great???"
The issue is probably not having easy access from traffic going south on Texas Ave S. The traffic count is about equal to that on Texas Ave at Univ and at GB.PS3D said:I'm not sure what they meant. Traffic count, maybe? I don't think so, that part can still get busy during rush hour. A "not-so-great" part of town? Maybe...it's not a particularly wealthy part of town and probably downmarket as far as CS in concerned, but Walmart is still a huge draw.AggiePhil said:
Obviously not serious. Is Texas/HMP really considered "not-so-great???"
I can see the strip center filling with professional and service clientele and not retail. Doctors, dentists, child care would fit the spot.
What does Oldham/Goodwin have to do with it?91_Aggie said:
They built that pretty darn fast. Wonder if Oldham/Goodwin needed a tax write off
maybe nothing anymore...they had a sign up there before it started developing... if they sold it then nothing.woodiewood said:What does Oldham/Goodwin have to do with it?91_Aggie said:
They built that pretty darn fast. Wonder if Oldham/Goodwin needed a tax write off
OG was just leasing the center. The landlord here is the problem. They aren't experienced in retail and have fumbled on several leases.91_Aggie said:maybe nothing anymore...they had a sign up there before it started developing... if they sold it then nothing.woodiewood said:What does Oldham/Goodwin have to do with it?91_Aggie said:
They built that pretty darn fast. Wonder if Oldham/Goodwin needed a tax write off
Looks like "Great Aggie Land LLC" out of Sugar Land has owned it since 2011.ReelAg6 said:OG was just leasing the center. The landlord here is the problem. They aren't experienced in retail and have fumbled on several leases.91_Aggie said:maybe nothing anymore...they had a sign up there before it started developing... if they sold it then nothing.woodiewood said:What does Oldham/Goodwin have to do with it?91_Aggie said:
They built that pretty darn fast. Wonder if Oldham/Goodwin needed a tax write off
Didn't the now west texas A&M president have a plan for a river walk in that part of CS when he lived here?