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MXU Underway in College Station, TX
Stratus Properties Inc. obtained a $36.8 million construction loan from Southside Bank to finance construction of the retail component of Jones Crossing in College Station, TX. The new HEB Grocery Company-anchored, mixed-use development commenced construction of the first two phases, with the grocery store expected to open in mid-2018.
Jones Crossing is situated on a 72-acre tract of land located near Texas A&M University. Plans include 258,000 square feet of commercial space. Phase 1, the retail anchor phase, will be comprised of a 106,000-square-foot HEB grocery store, five mixed-use retail buildings totaling 47,250 square feet, six pad sites for sublease, as well as road, utility and storm water infrastructure for the entire development.
The second phase will include a 40,000-square-foot secondary anchor building, and three build-to-suit pad sites for sublease. Phase 3 is planned to include 600 student-focused multifamily units.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development

