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

A new 1-story retail shell building is under development at 31910 Jordan Ranch Blvd in Fulshear, Texas. The project, identified in filings as The Market at Jordan Crossing - Building B, is a new construction effort with an estimated cost of $2,733,500. The structure spans 15,620 sq ft, resulting in a computed cost of $175 per sq ft. This development is privately funded and located on private land for private use.

Malabar Hill Capital is the owner and developer of record for this project. Identity Architects serves as the design firm of record. Brian Gary Stanton is the registered accessibility specialist associated with the filing. The project is registered with the Texas Department of Licensing and Regulation (TDLR) to ensure compliance with accessibility standards during the construction process.

Construction is scheduled to begin in October 2026. The TDLR completed plan review in May 2026, indicating that the design phase has been finalized and approved. The project is scheduled to finish in April 2027. This timeline represents a build window of 182 days, which is close to the county median of 199 days for similar new construction filings in Fort Bend County.

Project Context and Comparison

Malabar Hill Capital has six other TDLR-registered projects totaling $18,513,600, including similar retail shells in Fulshear and Texas City. Identity Architects has six other registered projects totaling $3,672,000, primarily in the Houston area. This project’s estimated cost is above the county median for its type. The $175 per sq ft cost is also above the county median of $100 per sq ft. These figures are derived from 4,176 TDLR-registered new construction filings in Fort Bend County.

The surrounding area, ZIP code 77423, has a population of about 16,689 according to U.S. Census ACS 2023 five-year estimates. 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. Other registered projects in the same area include a Burger King, another Building A, Building C, Enterprise Park Building 4, and an Amazon Distribution Center renovation.

The Fort Bend County unemployment rate was 5 percent in July 2026, higher than a year earlier. This project contributes to the local construction activity in a region with a median estimated cost of $700,000 for new construction. The specific scope of work involves the construction of a new retail shell for future tenant buildout, ensuring the structure is ready for customization by a future occupant.