(Fulshear, TX — Sept. 19, 2024) Fulshear Lakes, Ltd. has closed on and approximately 24.78 acres fronting FM 1093 in Fulshear Lakes between Fulshear School Road and Fulshear Lakes Way to XAG Group for the construction of a lifestyle retail center that will expand the nearby conveniences and lifestyle amenity options in the new Fort Bend County master-planned community.
The first phase (+/- 6 acres) is anticipated to include the construction of a one-story retail center with approximately 45,000 square feet that will be home to a mix of restaurants, banks, schooling facilities and service-oriented businesses. The retail center shall be situated within a pedestrian-friendly outdoor setting that will prioritize accessibility and inclusivity. It will serve Fulshear Lakes as well as surrounding communities and the City of Fulshear.
XAG’s focus on community involvement will mirror the essence of Fulshear and will set a new standard for suburban developments, said XAG Group’s Chief Executive Officer Nathaliah Naipaul.
“XAG aims to create a landmark that not only adds architectural value but also becomes an integral part of the community’s identity,” she said. “Every component of the structure is seamlessly incorporated to enhance the local community, infused with XAG’s modern touch. Going beyond conventional norms, our team approaches each project with a sculptor’s precision, transforming designs into exquisite art forms curated to be part of the overall story.”
XAG estimates the center will open fourth quarter of 2025.
The project’s second phase (12.5-acres) will bring additional mixed-use scale to the overall master-planned community. XAG’s Development Manager, Bryan Wynne, says “the team is eager to blend XAG’s modernized approach to urban development with Fulshear Lakes’ modern mountain prairie style to enhance the lifestyle of Fulshear Lakes’ residents and surrounding communities. Through a thoughtful design approach, the team strives to create a development that fosters social engagement within Fulshear Lakes and Fulshear alike.”
Once completed, the development’s estimated valuation will be approximately $125 million.
The project as a whole will connect to Fulshear Lakes’ trail system to provide pedestrian access to the retail center, future mixed-uses, homes and other amenities.
Naipaul said the XAG leadership team believes that Fulshear is poised to become the next thriving city of the Houston metro, propelled by the expanding regions of Katy, Richmond and Sugar Land. Capitalizing on Fulshear’s remarkable annual growth and Fulshear Lake’s charm, XAG will bring a new form of retail element that centers around a courtyard intended to foster a vibrant community atmosphere and a gathering experience.
Furthermore, this project represents a wonderful opportunity to work with the skilled development team behind Fulshear Lakes, she said.
“The innovative ideas, attention to architectural details and positive impact this team has shown in the communities they build set them apart from others in the industry which aligns with XAG Group’s goals and objectives,” Naipaul said.
Sam Yager III, Vice President of Fulshear Lakes, Ltd. and President of Sam Yager Incorporated (SYI), said XAG Group’s focus on unique and innovative developments that embrace a modern transitional architectural style make XAG a good fit for Fulshear Lakes.
“XAG grasps the type of live-work-play community we are developing here in Fulshear Lakes — one that celebrates a lifestyle where local residents can conveniently meet, have a meal, shop and embrace the services that bring a more balanced lifestyle,” he said. “Not only is the XAG Group anticipated to help meet the surging demand for more retail, commercial and services in this rapidly growing area, but XAG should answer the need for a mixed-use development rooted in the curated Fulshear Lakes architectural style.”
Approximately 48 acres of Fulshear Lakes’ nearly 558 acres are reserved for mixed-use development, including retail, dining and other offerings. XAG’s retail and mixed-use represent the initial development of this reserved area.
“First Financial Bank is excited to serve as financing partner to XAG Group for the acquisition of the property to become Fulshear Lakes Market Place,” said Brandon W. Zabodyn, Executive Vice President of First Financial Bank. “The bank has previously partnered with XAG Group on other successful projects and looks forward to seeing this project transform the look of West Fulshear.”
First Financial Bank’s roots in Texas date back to 1890 in Abilene, Texas. The bank has had a presence in Fulshear since 2006 and has since grown to more than 80 branches in the state of Texas. First Financial Bank has consistently been rated a Top 10 bank in the U.S. the last 10 years.
Fulshear Lakes is anticipated to have more than 1,400 single homes at build-out. Nine builders offer transitional mountain prairie homes in a wide variety of square footage options in Fulshear Lakes with pricing from the $300,000s to $1,000,000. Many of the homes at Fulshear Lakes are built on lots that back up to natural landscapes featuring Bessies’ Creek, four lakes, trails and walkable parks with an abundance of green space. Fulshear Lakes residents enjoy a number of current amenities, with more in the planning stages. Nature trails meander through the community with Sheffield Park and Riley Lakes providing opportunities to spend time outside.
The community is also the home to an onsite school — Fletcher Morgan Jr. Elementary School, with an estimated student population of +/- 828 students.
Fulshear Lakes is located just west of the City of Fulshear at the intersection of Fulshear School Road and F.M. 1093. Learn more at https://fulshearlakes.com/.
About Fulshear Lakes:
When you set out on a search for new homes in Fulshear, TX, perhaps this wasn’t what you expected to find. But it is here at Fulshear Lakes, where every day mainstays are made even better by the wonder of a sprawling outdoors. In other words, it is you dream home and your ideal lifestyle, all in one. This new development in Fulshear, TX, is just 40 minutes from downtown Houston – ensuring the energy of the city is accessible on your terms.
Contact Fulshear Lakes for answers to all your questions or for model home tour requests.
More Information:
Fulshear Lakes is located within the City of Fulshear extra-territorial jurisdiction just west of the City of Fulshear at the intersection of F.M. 1093 and Fulshear School Road. Additional information can be found on the Fulshear Lakes website at https://fulshearlakes.com/. or through the media contact information below.
