Mixed-use complex coming to Houston-area 'agrihood' breaks the rules of normal strip malls
Indigo Commons would include a mix of commercial and retail buildings, including some topped with residential space where business owners could live or lease out.A 12-acre mixed-use complex recently broke ground south of Houston where a unique concept promises to give small-business owners more control and flexibility over their real estate destinies.
"We really want to start breaking down all of those labels that people have when they're designing places," said Clayton Garrett, partner at Meristem Communities."When we were looking at our commercial spaces, we realized we need to be authentic." “We want shopkeepers and merchants to be able to grow their businesses while growing their equity – just as you do when you purchase a home – with no landlords and no rent increases,” added Scott Snodgrass, partner at Meristem Communities. “They deserve to feel confident that the brick and mortar of their legacy can be passed along. It’s an unusual opportunity in our market."
Indigo Commons will offer retail and commercial buildings of 1,600 square feet to 3,200 square feet with prices from about $500,000 to $800,000.The buildings will be two or three stories, with owners able use the upper floors for commercial, office or residential space. Owners could also lease the floors above.
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