City of Meadows Place capitalizing on location for retail growth
Location, Location, Location is the mantra of real estate. It’s also a key factor in economic development, and the City of Meadows Place is capitalizing on its location along U.S. Highway 59 off Beltway 8 to attract new retail development to the community.
“We are the gateway to Ft. Bend County, the jumping off point for freeways going north, south, east and west,” said Meadows Place Mayor Charles Jessup. “Of equal importance is that Meadows Place is a quiet, safe little city that partners with our businesses to help them become a part of the fabric of the community. This allows shoppers and diners to enjoy themselves without worry and encourages return visits.”
To expand its proactive approach to growth, Meadows Place has partnered with The Retail Coach, a national retail recruitment and development consulting firm that has assisted more than 150 cities in Texas and throughout the U.S. since 2000.
The Retail Coach will complete a Retail Trade Area Determination, Retail Gap/Opportunity Analysis, Demographics and Psychographics Analysis, and Retailer Match Analysis for Meadows Place. The firm will then help recruit the retailers that are a good match for Meadows Place.
“We will gather and interpret data from numerous sources including personal surveys and interviews with Meadows Place consumers and existing local retailers to create the Retail Gap/Opportunity Analysis,” said Mr. Farmer.
The Retail Gap/Opportunity Analysis will illuminate which of 52 retail categories in the Meadows Place community are exhibiting deficiencies or leakages. A leakage occurs when residents shop in surrounding communities, instead of their own hometown. This information along with the other data collected through The Retail Coach’s research is necessary to retailers evaluating potential sites for expansion.
“We are appreciative of the Retail Coach’s professionalism, excited by their energy and expect great things for Meadows Place in the future,” said Mayor Jessup.
About Meadows Place…Meadows Place, incorporated in 1983, is the gateway to Fort Bend County. Its excellent location, varied housing stock, engaged government, exemplary schools, outstanding parks, vigilant police department, code enforcement and curbside recycling offer generations of residents the opportunity to raise well-rounded families in a safe, fun, family oriented environment. Meadows Place residents enjoy small-town tranquility within the Greater Houston Area. “There is No Place Like Meadows Place – Your Place for Life.”
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