FOR LEASE Riverstone Place Retail Center PROPERTY DATA DEMOGRAPHICS CONTACT 30,000 SF retail center across from proposed Kroger Center Located at University Blvd and LJ Parkway in the geographic center of Riverstone master planned community (www.riverstone.com) Affl uent area with an average household income over $160,000 within a three mile radius of the property Seeking bank, restaurant, retail, and medical uses Delivery Fall 2017 Population 2016 Estimate Avg HH Income 2016 Estimate Riverstone Average Home Price: $542,601 1 Mile 3 Mile 5 Mile Radius Radius Radius 4,676 58,224 158,627 $201,913 $160,396 $135,086 Kristen Barker, CCIM kbarker@wulfe.com (713) 621-1704 Wulfe & Co. 1800 Post Oak Blvd., Suite 400 Houston, Texas 77056 (713) 621-1700 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.
Riverstone Place Retail Center
Riverstone Place Retail Center
Riverstone Place Retail Center
Riverstone Place Retail Center
Riverstone Place Retail Center A Fort Bend-area masterplanned community where luxurious homes, water features and resort-style amenities defi ne the landscape, Riverstone is one of Fort Bend County s most desirable addresses and one of the nation s top-selling developments. Riverstone residents enjoy an enviable lifestyle that includes a broad selection of new homes with coveted Sugar Land and Missouri City addresses. Plus, with varied highway access and an array of conveniences within minutes of the community, Riverstone residents have more time to savor life at home, relaxing with family and friends in the elegance that is Riverstone. It is for these reasons that Riverstone is ranked the No. 1 bestselling community in Texas and No. 4 on the nation s list of bestselling developments.
Riverstone Mixed Use Development Riverstone Place Retail Center
Riverstone Place Retail Center
Wednesday, January 25, 2017 Riverstone ranked among nation s top again Riverstone has again been included among the nation s 20 top-selling master-planned communities, according to lists recently released by two independent research firms. John Burns Real Estate Consulting and Robert Charles Lesser & Co. have listed the Fort Bend community as the highest-ranked Houston-area development, with 441 homes sold last year. Riverstone lands at No. 18 on the RCL- CO list and No. 20 on the report compiled by John Burns Real Estate Consulting. Riverstone still posted amazing numbers, even though there were fewer new home neighborhoods in 2016 versus the previous year, said David Jarvis, senior vice president with John Burns Real Estate Consulting. Riverstone is well-located, has the amenities people want and is zoned to a school district known for academic excellence. Riverstone has been among the nation s 20 top-selling communities since 2011. Riverstone is one of four projects by Johnson Development to For a sixth consecutive year, Riverstone has been ranked among the nation s 20 top-selling master-planned communities. rank among the 30 top-selling master-planned communities in the nation. Others included on the lists were Cross Creek Ranch in Fulshear, Woodforest in South Montgomery County and Sienna Plantation in Missouri City. Eighteen builders offer designs in Riverstone, with prices from the $300,000s to the millions. Visit www.riverstone.com for more information. The 4,000-home Riverstone is a 3,700-acre master-planned community near U.S. 59 and Texas 6, The Fort Bend Parkway Toll Road and Texas 288. The development, which is designed for 6,000 homes during the next eight years, has 250 acres of lakes, 20 miles of hike-and-bike trails and 500 acres of open spaces and park lands. Housing styles range from townhomes, patio homes, garden homes and single-family homes to multimillion-dollar homes on homesites as large as a half-acre.
May 4, 2015 More retail, commercial planned for Sugar Land master-planned community By Paul Takahashi Houston Business Journal Retail is following rooftops in Riverstone. Johnson Development Corp. is moving forward on plans for restaurants, shops, offices and perhaps a grocery store in the Sugar Land masterplanned community, which ranked as the top-seller in Texas in 2014. The Houston-based developer sold 9.6 acres of land in March to Riverstone Commercial Development LLC to develop into a mixed-use neighborhood center. The center, which will have a mix of retail, restaurants and offices, will be located on the southeast corner of LJ Parkway and University Drive, near Highway 6 Jennifer Johnson with Johnson Development represented the seller. Houston-based Wulfe & Co. represented the buyer, the Momin family in Sugar Land. 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. Wulfe & Co., which is marketing the site, has received several letters of intent expressing interest in the property, said Kristen Barker, the company s senior vice president. This is coming in as one of the first larger-scale centers in Riverstone, Barker said. A lot of people want the location near Highway 6. Some tenants have to be on major freeways, but others want to be closer to rooftops where Commercial and retail development is heating up in Riverstone. they can be more convenient to their customer base. Riverstone Commercial Development will develop the land and deliver it to buyers in about eight to 12 months, Barker said. Johnson Development has plans for more commercial development at the intersection of LJ Parkway and University Drive, according to Jennifer Johnson. 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, Johnson said. 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. That intersection in particular is a really nice intersection with the bypass from Highway 6, Johnson said. We ve had an incredible amount of commercial developers interested. The timing is right, the demographics are right, and the location is right. Last year, Riverstone opened its first luxury apartments and a neighborhood amenity center, which features a playground with a 100-foot-long zip line.
Tuesday, January 20, 2015 The Enclave at Riverstone reports brisk early sales Two builders have started model home construction within a new Riverstone neighborhood that is selling so fast, few homesites could remain when the models open this summer. Partners in Building began presales in the Enclave at Riverstone in August and has since sold nine of its 21 available homesites for an average price of more than $1.4 million. Fedrick, Harris Estate Homes started home sales in October and has sold three homes for an average price of $1.5 million. Fedrick, Harris also has 21 homesites. Our projected velocity for a neighborhood at this price point is one per month or less, said Jim Lemming, president of Partners in Building. We have doubled that velocity at the Enclave at Riverstone with no model home and the neighborhood still under development. That s impressive. Both builders have model homes under construction in the 23-acre gated neighborhood, with tentative opening dates set for this summer. The Enclave at Riverstone will feature custom home designs that appeal to the area s diverse population. Partners in Building is offering optional features such as prayer rooms and multigenerational suites. Its model home is a Mediterranean-styled design and with distinctive arches, a domed roof and interior courtyard with a fountain. Homes by Partners in Building in the Enclave at Riverstone will range from 3,750 to 8,500 square feet with prices from $1 million to $2 million. Fedrick, Harris Estate Homes, the custom division of Newmark Homes, also is adding unusual design options to its Mediterranean-inspired homes, including a golf simulation room, piano room, two-story master closets, towers and more. Homes will range from 4,900 to 6,000 square feet with prices from $1.3 to $1.7 million. The model home s exterior will offer arched elements reminiscent of the Rialto of Venice on the Grand Canal and clearstory windows. Interior highlights include a marriage of antiquity and modern design with a sunken wine storage and tasting room, a 14-foot groin-vault ceiling in the dining room and a children s reading tower. These customizable plans will appeal to a range of buyers, said Mike Moody, president of Newmark Homes. These are just some of the design options we can recommend as buyers look to fully customize their homes. Both builders are pleased with the early sales success. We are thrilled, but not surprised, by the immediate strong demand for both the home and the location at Enclave at Riverstone, Lemming said. This is one of the best and last pieces of land available in Riverstone.
SUMMARY PROFILE 2000-2010 Census, 2016 Estimates with 2021 Projections Calculated using Weighted Block Centroid from Block Groups Lat/Lon: 29.5491/-95.5855 University Blvd at LJ Pkwy Sugar Land, TX 77479 1 mi radius 3 mi radius 5 mi radius RS1 POPULATION HOUSEHOLDS RACE AND ETHNICITY INCOME EDUCATION (AGE 25+) 2016 Estimated Population 4,327 59,743 159,703 2021 Projected Population 5,176 71,577 191,767 2010 Census Population 2,411 48,014 136,995 2000 Census Population 862 36,282 104,120 Projected Annual Growth 2016 to 2021 3.9% 4.0% 4.0% Historical Annual Growth 2000 to 2016 25.1% 4.0% 3.3% 2016 Median Age 38.2 40.8 39.4 2016 Estimated Households 1,320 20,080 54,913 2021 Projected Households 1,553 23,646 64,827 2010 Census Households 717 15,827 46,289 2000 Census Households 240 11,271 33,427 Projected Annual Growth 2016 to 2021 3.5% 3.6% 3.6% Historical Annual Growth 2000 to 2016 28.2% 4.9% 4.0% 2016 Estimated White 38.5% 46.7% 41.5% 2016 Estimated Black or African American 6.5% 12.0% 21.2% 2016 Estimated Asian or Pacific Islander 51.0% 36.8% 30.6% 2016 Estimated American Indian or Native Alaskan 0.2% 0.2% 0.3% 2016 Estimated Other Races 3.7% 4.3% 6.4% 2016 Estimated Hispanic 6.3% 9.8% 13.6% 2016 Estimated Average Household Income $190,996 $161,095 $133,223 2016 Estimated Median Household Income $160,292 $136,282 $113,011 2016 Estimated Per Capita Income $58,269 $54,146 $45,825 2016 Estimated Elementary (Grade Level 0 to 8) 2.2% 1.9% 3.4% 2016 Estimated Some High School (Grade Level 9 to 11) 2.4% 2.0% 3.8% 2016 Estimated High School Graduate 6.4% 10.7% 13.6% 2016 Estimated Some College 15.7% 18.5% 20.5% 2016 Estimated Associates Degree Only 6.3% 7.0% 6.8% 2016 Estimated Bachelors Degree Only 33.3% 36.2% 31.0% 2016 Estimated Graduate Degree 33.7% 23.7% 21.0% 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 2016 Estimated Total Businesses 80 1,588 5,979 2016 Estimated Total Employees 665 14,006 55,224 2016 Estimated Employee Population per Business 8.3 8.8 9.2 2016 Estimated Residential Population per Business 53.9 37.6 26.7 2016, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography
Information About Brokerage Services Texas law requires all real estate license holders to give the following informaɵon about brokerage services to prospecɵve buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:. A BROKER is responsible for all brokerage acɵviɵes, 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 informaɵon about the property or transacɵon received by the broker; Answer the client s quesɵons and present any offer to or counter-offer from the client; and Treat all parɵes to a real estate transacɵon 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 wriʃen lisɵng to sell or property management agreement. An owner's agent must perform the broker s minimum duɵes above and must inform the owner of any material informaɵon about the property or transacɵon known by the agent, including informaɵon 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 wriʃen representaɵon agreement. A buyer's agent must perform the broker s minimum duɵes above and must inform the buyer of any material informaɵon about the property or transacɵon known by the agent, including informaɵon disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parɵes the broker must first obtain the wriʃen agreement of each party to the transacɵon. The wriʃen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaɵons as an intermediary. A broker who acts as an intermediary: Must treat all parɵes to the transacɵon imparɵally and fairly; May, with the parɵes' wriʃen 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 instrucɵons of each party to the transacɵon. Must not, unless specifically authorized in wriɵng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wriʃen asking price; ᴑ ᴑ that the buyer/tenant will pay a price greater than the price submiʃed in a wriʃen offer; and any confidenɵal informaɵon or any other informaɵon that a party specifically instructs the broker in wriɵng 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 transacɵon 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 duɵes and responsibiliɵes to you, and your obligaɵons under the representaɵon 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 noɵce is being provided for informaɵon purposes. It does not create an obligaɵon for you to use the broker s services. Please acknowledge receipt of this noɵce below and retain a copy for your records. 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 Regulated by the Texas Real Estate Commission Buyer/Tenant/Seller/Landlord Initials Date InformaƟon available at www.trec.texas.gov IABS 1-0