The Market at Lago Mar - Building B in Texas City, TX

Building B at The Market at Lago Mar is a new 19,266 sq ft retail shell located at Interstate Highway 45 and Seacrest Lane in Texas City. The project is registered with TDLR as a new construction effort for a future tenant buildout. Construction is scheduled to finish in June 2027, with work commencing in September 2026. The estimated cost for this single-story structure is $3,371,550, which calculates to $175 per square foot. This figure is above the Galveston County median of $116 per square foot for similar new construction filings.

Project Scope and Partners

Malabar Hill Capital serves as the owner and developer of record for this privately funded project on private land. Identity Architects is the design firm of record, responsible for the architectural planning. Brian Gary Stanton is the registered accessibility specialist associated with the filing. The scope explicitly defines the work as a retail shell, meaning the building will be prepared for a specific tenant to complete their interior fit-out after the structural work is done. This distinction is important for understanding the current state of the site, which is in the construction phase rather than the operational phase.

The build window for this project is 273 days, which is longer than the 214-day median scheduled build window for new construction in Galveston County. The estimated cost places this project in the top quarter of filings in the county for its type. Malabar Hill Capital has six other TDLR-registered projects, including other buildings in the Texas City and Fulshear areas, indicating a broader development portfolio. Identity Architects also has several other registered projects across the state, including in Houston and Abilene.

Local Context and Status

The site is situated in a residential area within ZIP code 77510. According to U.S. Census ACS 2023 five-year estimates, the population of this ZIP code is about 13,938. The median household income is $96,284, and the median owner-occupied home value is $281,200. Housing in this area is predominantly owner-occupied. Nearby businesses include Lago Mar Clubhouse and EPIC Realty Pros. The Galveston County unemployment rate was 5.1 percent in July 2026, higher than a year earlier.

TDLR completed plan review for this project in June 2026. The status is recorded as Review Complete. The project is not yet open to the public, as it is a new construction shell awaiting completion. The specific completion date on the filing is June 2027. This timeline aligns with the scheduled finish date. The project represents a significant addition to the commercial landscape in Texas City, with a cost above the county median and a size larger than the 8,213 sq ft median for new construction in the area.