KINGWOOD, TX-The local media reports that Jefco Development Corp. and Crestwood Realty Group are readying to launch construction on the 600,000-square-foot Kingwood Parc City Center. The $100 million, mixed-use development will consist of retail, office and restaurant space, and multifamily units.
Kingwood Parc City Center is at SH 59 and Kingwood Dr. and is part of the 10,000-acre master-planned community of Kingwood. Kingwood, located northeast of Houston, was launched during the late 1960s.
The retail development will consist of approximately 244,000 square feet of grocery anchored and/or neighborhood shopping centers, along with restaurants and fast-food pads. At this point in planning, office space will total less than 200,000 square feet. Transwestern is handling the retail leasing of the property.
