COMMERCIAL ARTICLE FOR November 7, 2010
Nov/100
What an exciting Halloween weekend for Cavender’s Boot City! Why?? THE Mr. James Cavender who owns the stores along with his sons, Mike, Joe and Clay, attended the grand opening of the Conroe store located along the I-45/FM 3083 corridor. It was overheard that Mr. Cavender said that this was the biggest grand opening in the HISTORY of Cavender‘s Boot City Stores. There are FIFTY-FIVE locations throughout the United States and Montgomery County’s was the largest grand opening in Cavender’s history! What a prestigious achievement for Montgomery County! Advertising like that is priceless! Truly it is proof positive that Montgomery County has what it takes to succeed, even in a recession.
Coupled with this knowledge, and the news that Conroe’s sales tax revenues were up for the sixth straight month, this county’s future appears to be on an upward swing!
Apparently the economic development leaders in Montgomery County have what it takes to strengthen and build on economic opportunities for our area. Jobs are not created by the government-they are created by a prosperous business friendly environment which boosts job growth.
Houston maintains one of the strongest retail markets in the United States. According to the October issue of RED NEWS, “Builders remain optimistic about initiating projects in outlying areas in Houston where population growth forecasts are strong, particularly Fort Bend County and Montgomery County. Nearly 4.7 million square feet of retail space is planned for these areas.” What a fantastic boost for our area!!
The article in RED NEWS went on to say that, “Local investors, encouraged by an improving lending environment, are targeting value-add and repositioning opportunities.” Montgomery County and Fort Bend County were mentioned as fast-growing counties where new properties could be found. In closing, the article gave this OUTLOOK: “The local employment situation will continue to improve this year as 33,500 jobs are created, a 1.3 percent increase. Between 2010 and 2011, nearly all of the 104,000 positions lost during the recession will be regained.”
Exciting happenings around our county! The Willis area will be happy to know that we just inked a deal with Pizza Hut to occupy a space in the Canyon Falls Shopping Center located on FM 1097 West. Final negotiations are under way with a large national firm locating to Willis. Also, we have been working diligently with two oil field related companies to relocate their employees to this area.
What is the fate of commercial real estate in our area?? As we have said before, “There are glimmers of hope on the horizon. Just persevere!”
Call us today!
Please e-mail questions to Kim at Kim@FrankeTeam.com. Kim is a member of the Marion Franke Team and a Top Producing REALTOR® in Montgomery County. Kim is a Buyers and an Accredited Luxury Home Specialist. Commercial Article by team member Dixie Estep