Magnolia Place

Project Description

Magnolia Place, an H-E-B shadow-anchored retail project in Magnolia, Texas, is currently planned to consist of up to four retail buildings totaling approximately 34,000 square feet and up to nine retail pad sites to be sold or ground leased. The first phase of development consists of two retail buildings totaling 18,582 square feet, all pad sites, and the road, utility and drainage infrastructure necessary to support the entire development. The first phase of development was substantially completed in the third quarter of 2022. Stratus sold the shopping center in August 2024, but retained 11 acres of land entitled for multifamily.