The Square at Elyson retail development now under construction on a 12-acre site at Grand Parkway and FM 529.

Adding more momentum to a fast-developing corner of the Grand Parkway and FM 529, Excel Commercial Real Estate has commenced construction of The Square at Elyson, a 12-acre development with 75,000 square feet of planned retail and more than 450 parking spaces.

Excel purchased the site from Brookfield Properties Development, developer of the 3,642-acre Elyson master planned community. The site is located at the northwest corner of FM 529 and Elyson Exchange Boulevard, immediately west of the Grand Parkway. Construction is expected to be completed by late summer of 2024.

The Square at Elyson is located directly across FM 529 from a site owned by H-E-B, and is cater-cornered from The Plaza at Elyson, anchored by a 150,000-square-foot Target and Burlington department store.

The Square at Elyson is already substantially preleased, but several opportunities are still available.

EOS Fitness, a Phoenix-based fitness center new to the Houston market, has leased 40,000 square feet for a new cutting-edge gym with state-of-the-art machines and a wide range of workout classes and amenities. Other retail tenants joining The Square at Elyson include Salata, Heartland Dental, and American Family Care, an urgent care center walk-in clinic.

Taco Bell and McDonald’s have leased pad sites along the development’s FM 529 frontage, with construction commencing soon. Excel is currently working with a pet supply retailer for approximately 7,500 square feet of inline retail space next to EOS Fitness, according to Clay McDaniel, managing member of Excel.

Two additional pad sites are planned along the FM 529 frontage of The Square at Elyson.

Opened in 2016, Elyson has more than 2,000 completed homes and is ultimately planned for more than 6,000 single-family homes. The community is zoned to the Katy Independent School District, ranked as the number one school district in the Houston region by Niche.

Other retail developments completed in Elyson include the Co-Op at Elyson and the Shops at Elyson, both located on the south side of FM 529.