More retail, commercial planned for Sugar Land's RiverstoneMore retail, commercial planned for Sugar Land's Riverstonehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=11042015-05-06T10:57:00Z2015-05-06T00:00:00Z

SUGAR LAND - Johnson Development Corp. sold 9.6 acres of land to Riverstone Commercial Development LLC to develop into a mixed-use neighborhood center in the master-planned community Riverstone, which ranked as the top-seller in Texas in 2014.

The center, which will have a mix of retail, restaurants and offices, will be located on the southeast corner of LJ Pkwy. and University Dr., near Hwy. 6.

Riverstone Commercial Development plans to subdivide the land into six or seven retail pad sites intended for stores, restaurants, medical offices, a bank and a day care center with a play area. The land will be developed and delivered to buyers in about eight to 12 months.

Johnson Development has plans for more commercial development at the intersection of LJ Pkwy. and University Dr.

On the northeast corner, across the boulevard from the mixed-use neighborhood center, Johnson is planning a larger commercial and retail development on 42 acres, which may host Riverstone’s first grocery store.

Another nine-acre site on the southwest corner, near the CVS pharmacy, is also planned for more commercial and retail.

Riverstone is attracting commercial interest because of its location in Sugar Land and its high-end demographics. The average household income in the area is between $123,000 and $173,000, and the average home price in Riverstone is $542,600.

Last year, Riverstone opened its first luxury apartments and a neighborhood amenity center, which features a playground with a 100-foot-long zip line.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/morning_call/2015/05/more-retail-commercial-planned-for-sugar-land.htmlRead more at {Source}

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