Mixed-use development planned at eastern Grand Parkway and I-10 in Mont Belvieu

March 26, 2026

Several commercial developers are tackling Mont Belvieu with multiple projects planned or underway in close proximity of each other.

Friendswood-based Virgata Property Co. is working on a 45-acre mixed-use development along the southbound lanes of the Grand Parkway just north of Interstate 10 in partnership with Houston-based Stewart Development. Plans include industrial, retail, office and more.

David Boone, partner at Virgata, said his company has entered a joint venture with Stewart Development for a 30-acre industrial park north of a future segment of Langston Drive along the Grand Parkway.

The city of Mont Belvieu approved a zoning change request last year, and the developers aim to break ground in late summer. Stewart Development, which leads that development, said it is not yet ready to disclose details, according to Boone.

Virgata, which bought a total of 62 acres along the Grand Parkway from local investors in December 2022, plans to develop about 10 acres just south of Langston Drive for retail, office and possibly a hotel.

“The city would like to have a hotel in (Mont Belvieu), and we worked really well with the city on right-of-way donations to our zoning to getting utilities extended,” Boone said. “So we think a hotel component makes a lot of sense as well.”

Boone said he is talking to various hotel developers.

Capital Retail Properties' development

That segment is adjacent to a planned 49-acre retail development by Houston-based Capital Retail Properties on the northwest corner of I-10 and the Grand Parkway.

Virgata and Capital Retail are coordinating development of their respective centers and have signed an easement agreement.

“We're trying to be good neighbors and have a cohesive development with that town center,” Boone said. “Our goal is for our 10 acres and their project to look like one seamless development.”

Capital Retail has begun marketing its project. Managing Partner Eric Walker told the Houston Business Journal the company acquired the property in 2022 and expects it to accommodate around 350,000 square feet of retail, restaurants, offices and possibly entertainment concepts. The developer aims for a 2028 opening.

Virgata's medical office buildings

About a mile east on Langston Boulevard, Virgata also is developing a 51,800-square-foot medical office building for Memorial Hermann at 9525 Edgewood Ave. on part of a 7.3-acre tract it acquired from the city of Mont Belvieu last September. The HBJ first reported on that development in October and has reached out to the health system for more information on the project.

Boone expects to deliver the shell building, including elevators, bathrooms and lobby, in October. Wycoff Construction, which has offices in Houston and Webster, serves as the general contractor and architect for the project. Memorial Hermann will then finish its build-out.

Next to the Memorial Hermann building, Virgata has started to plan the development of about 25,000 square feet of mostly medical office and some retail space on 2.45 acres, Boone said.

Mont Belvieu's growth

Now is the right time to invest in Mont Belvieu, Boone said, because of its fast residential growth along one of the newest segments of the Grand Parkway.

The city’s population already more than doubled to 7,724 between the 2010 and 2020 U.S. Census counts and as of 2024 gained another estimated 2,500 residents. In 2018, an 87,000-square-foot H-E-B opened at 13401 Interstate 10 E. within Fidelis Realty Partners’ Mont Belvieu Crossing shopping center.

One single master-planned community, the 1,500-acre Riceland, is planned to bring another 4,500 homes to the area. Riceland had its first move-ins about a year ago and as of March 24 has 210 families living there, with 242 homes completed and a total of 266 sold, according to developer McGrath Real Estate Partners.

“Mont Belvieu has always been a great city to raise a family in because it has one of the top school districts (Barbers Hill ISD) in the state and it has a good employment base with all the industry partners. But for whatever reason, it hasn't exploded,” Boone said. “But the combination of H-E-B coming, the school district (and) Riceland … getting kicked off and building homes, it spurred a bunch of new residential development.”