East Shore Place - Retail and Office Opportunities Grogans Mill Rd at East Shore Dr, The Woodlands, Texas 77380 PROPERTY DATA DEMOGRAPHICS CONTACT Located at the entrance to the affl uent East Shore neighborhood at the northwest corner of Grogans Mill Rd and East Shore Drive in The Woodlands, Texas 17,480 SF of retail and restaurant space on Level One 23,000 SF of class A offi ce space on Level Two Ground lease restaurant pad site on Grogans Mill Under construction, available Fall, 2018 Population 2017 Estimate Ave HH Income 2017 Estimate Traffic Counts Grogans Mill Woodlands Pkwy 1 Mile 3 Mile 5 Mile Radius Radius Radius 6,910 66,260 165,526 $180,261 $124,079 $128,626 25,823 cars per day 59,397 cars per day Katherine Wildman kwildman@wulfe.com (713) 621-1220 (offi ce) (713) 569-8990 Wulfe & Co. 1800 Post Oak Blvd., Suite 400 Houston, Texas 77056 (713) 621-1700 www.wulfe.com The information contained herein while based upon data supplied by sources deemed reliable, is subject to errors or omissions and is not, in any way, warranted by Wulfe & Co. or by any agent, independent associate or employee of Wulfe & Co. This information is subject to change without notice.
Woodlands Aerial East Shore Place
Town Center Aerial East Shore Place
East Shore Place View from East Shore Dr looking west View from East Shore Dr looking east
East Shore Place
Project Plan - Level 1 East Shore Place LEVEL 1 PLAN
Project Plan - Level 2 East Shore Place LEVEL 2 PLAN
Site Plan Level 1 East Shore Place Level 1
Site Plan Level 2 East Shore Place Level 2
Wednesday, February 21, 2018 Wulfe & Co. breaks ground on retailoffice project in The Woodlands By Katherine Feser Houston-based Wulfe & Co. has started construction on the next phase of the East Shore Place mixed-use development in The Woodlands. The two-level development, at the northwest corner of Grogan s Mill Road and East Shore Drive, will contain 49,000 square feet, with retail, restaurant and professional space on the ground floor and specialty office and medical space on the second floor. The next phase builds upon the 9,000-square-foot Frost Bank that opened at the corner of the 3.44- acre site in East Shore Place last year. The project also has a fourlevel parking garage. We think the timing is right because there s very little retail space available, chairman Ed Wulfe said. The expansion comes as Houston-area retail spaces are about 95 percent occupied and rents are slightly rising, Wulfe said. The neighborhood-oriented development has signed leases so far with Toasted Yolk Café, 4,347 square feet, and Isle PediSpa, 2,500 square feet. More deals are in the Wulfe & Co. has started construction on the next phase of East Shore Place at the northwest corner of Grogan s Mill Road and East Shore Drive in The Woodlands. works, Wulfe said. The center is walking distance to the East Shore neighborhood, which has upscale townhomes along Lake Woodlands. The next phase is planned for a freestanding restaurant along Grogan s Mill Road, Wulfe said. Katherine Wildman of Wulfe & Co. is handling leasing for the project, which was designed Ziegler Cooper Architects and is being built by Arch-Con. About a half-mile away, Howard Hughes Corp. is developing Lake Woodlands Crossing, a 62,565-square foot retail center in The Woodlands Town Center. The center is at Lake Woodlands Drive and Grogan s Mill Road. Retail construction is projected to total about 3.3 million square feet across the Houston area this year, Wulfe & Co. said in an annual survey. Wulfe & Co. plans its next project in Riverstone, but details have not been finalized, Wulfe said.
SUMMARY PROFILE 2000-2010 Census, 2017 Estimates with 2022 Projections Calculated using Weighted Block Centroid from Block Groups Lat/Lon: 30.1585/-95.4724 1400-1498 E Shore Dr The Woodlands, TX 77380 1 mi radius 3 mi radius 5 mi radius RS1 POPULATION HOUSEHOLDS RACE AND ETHNICITY INCOME EDUCATION (AGE 25+) 2017 Estimated Population 6,910 66,260 165,526 2022 Projected Population 8,216 78,427 191,226 2010 Census Population 4,300 56,392 129,032 2000 Census Population 3,287 49,168 93,915 Projected Annual Growth 2017 to 2022 3.8% 3.7% 3.1% Historical Annual Growth 2000 to 2017 6.5% 2.0% 4.5% 2017 Median Age 44.6 40.5 38 2017 Estimated Households 3,644 27,841 62,648 2022 Projected Households 4,202 32,017 71,064 2010 Census Households 2,040 23,392 48,605 2000 Census Households 1,339 18,575 32,935 Projected Annual Growth 2017 to 2022 3.1% 3.0% 2.7% Historical Annual Growth 2000 to 2017 10.1% 2.9% 5.3% 2017 Estimated White 83.9% 82.2% 81.6% 2017 Estimated Black or African American 3.9% 5.0% 5.3% 2017 Estimated Asian or Pacific Islander 6.4% 5.2% 5.0% 2017 Estimated American Indian or Native Alaskan 0.2% 0.4% 0.5% 2017 Estimated Other Races 5.5% 7.2% 7.6% 2017 Estimated Hispanic 14.6% 18.4% 19.1% 2017 Estimated Average Household Income $180,261 $124,079 $128,626 2017 Estimated Median Household Income $99,429 $88,386 $102,305 2017 Estimated Per Capita Income $95,063 $52,241 $48,729 2017 Estimated Elementary (Grade Level 0 to 8) 2.1% 2.3% 2.2% 2017 Estimated Some High School (Grade Level 9 to 11) 2.1% 3.7% 3.6% 2017 Estimated High School Graduate 11.2% 16.3% 16.7% 2017 Estimated Some College 19.9% 21.4% 20.1% 2017 Estimated Associates Degree Only 6.9% 8.6% 8.6% 2017 Estimated Bachelors Degree Only 29.9% 28.6% 31.4% 2017 Estimated Graduate Degree 28.0% 19.2% 17.3% This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. BUSINESS 2017 Estimated Total Businesses 1,189 5,626 8,456 2017 Estimated Total Employees 16,887 62,104 95,066 2017 Estimated Employee Population per Business 14.2 11.0 11.2 2017 Estimated Residential Population per Business 5.8 11.8 19.6 2017, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography
Information About Brokerage Services Texas law requires all real estate license holders to give the following informa on about brokerage services to prospec ve buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:. A BROKER is responsible for all brokerage ac vi es, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker s own interests; Inform the client of any material informa on about the property or transac on received by the broker; Answer the client s ques ons and present any offer to or counter-offer from the client; and Treat all par es to a real estate transac on honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri en lis ng to sell or property management agreement. An owner's agent must perform the broker s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent or subagent by the buyer or buyer s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri en representa on agreement. A buyer's agent must perform the broker s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must first obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary: Must treat all par es to the transac on impar ally and fairly; May, with the par es' wri en consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. Must not, unless specifically authorized in wri ng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wri en asking price; ᴑ ᴑ that the buyer/tenant will pay a price greater than the price submi ed in a wri en offer; and any confiden al informa on or any other informa on that a party specifically instructs the broker in wri ng not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s du es and responsibili es to you, and your obliga ons under the representa on agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker s services. Please acknowledge receipt of this no ce below and retain a copy for your records. Wulfe & Co. 478511 info@wulfe.com (713) 621-1700 Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone Designated Broker of Firm License No. Email Phone Licensed Supervisor of Sales Agent/ Associate License No. Email Phone Sales Agent/Associate s Name License No. Email Phone Buyer/Tenant/Seller/Landlord Initials Regulated by the Texas Real Estate Commission Date Informa on available at www.trec.texas.gov IABS 1-0