Magnolia Business Flex Park

Magnolia Business Flex Park is a new construction project consisting of 8 warehouse shell buildings with built-out suites. Located at 311 Magnolia Business Park Dr in Magnolia, Texas, the development covers a total area of 76,800 square feet. The project is privately funded and situated on private land for private use, with Magnolia Flex 1 LLC listed as the owner and developer of record.

The estimated cost for this development is $6,144,000, which calculates to a cost of $80 per square foot. This figure is below the county median of $100 per square foot for similar new construction filings in Montgomery County. The scheduled build window for the project is 301 days, which is longer than the county median of 213 days for comparable projects.

Timeline and Registration

The project was registered with TDLR in September 2026. Construction is scheduled to begin in January 2027, with the completion date on the filing targeted for November 2027. Plan review is pending as part of the regulatory process. The registered accessibility specialist for the project is Meghan Broussard Simecek.

Magnolia is located in Montgomery County, where the unemployment rate was 4.8 percent in July 2026, higher than a year earlier. The ZIP code 77354 has a population of about 40,501, with a median household income of $112,093. Housing in the area is predominantly owner-occupied, with 15,747 housing units and a median owner-occupied home value of $379,700 according to U.S. Census estimates.

The scope of work involves creating flexible commercial spaces within the warehouse shells, designed to accommodate various business needs. The project represents a significant addition to the commercial landscape in Magnolia, providing modern facilities for potential tenants.