The Market at Jordan Crossing - Building A in Fulshear, TX

Malabar Hill Capital is developing a new 13,078 sq ft shell building at 31920 Jordan Crossing Blvd in Fulshear, Texas. The project, filed with the Texas Department of Licensing and Regulation (TDLR) as The Market at Jordan Crossing - Building A, is a new construction effort designed for future tenant buildout. The estimated cost is $2,288,650, which works out to $175 per square foot. Construction is scheduled to finish in April 2027, with work starting in October 2026.

Identity Architects serves as the design firm of record for this project. The scope of work includes associated sitework for the single-story structure. The project is privately funded on private land for private use. TDLR completed plan review in May 2026, marking the current status as Review Complete.

Project Context and Comparisons

This development is part of a broader portfolio by Malabar Hill Capital, which has five other TDLR-registered projects totaling $18,958,450. These include other buildings in Fulshear and Texas City. Identity Architects is also on record for six other projects in the region, including medical plazas in Houston and Deer Park. In Fort Bend County, the median estimated cost for new construction is $700,000. This project’s cost is above that median, placing it in the top quarter of filings. The median size for similar projects is 9,230 sq ft, while this building is larger at 13,078 sq ft.

The scheduled build window for this project is 182 days. This is close to the county median of 199 days for new construction. The cost per square foot of $175 is above the county median of $100. The area around Jordan Crossing includes existing businesses such as SP Dentistry, The Shed at Jordan Ranch, and Beans & Brews Coffee House. Other registered projects in the vicinity include a Burger King and several other building developments in the same corridor.

According to U.S. Census American Community Survey estimates for ZIP code 77423, the population is about 16,689. The median household income is $82,280, and the median owner-occupied home value is $266,100. Housing in this area is predominantly owner-occupied. The Fort Bend County unemployment rate was 5 percent in July 2026, which is higher than a year earlier. This context helps frame the local economic environment where the new shell building will be constructed.