Commercial OFFICE SPACE EXISTING CONDITIONS
Actions Items in green indicate a recommendation that is also included in the existing Retail Report. Î 7.1 Business Development: Engage in a targeted approach to business and attraction marketing and support a vibrant retail sector. Î 7.2 Business Formation and Growth: Continue implementation of the Pearland Innovation Hub. Î 7.3 Site Development: Position the Lower Kirby District and SH 35 Corridor as priority areas for development. Î 7.4 Corridors: Implement the SH 35 Corridor Redevelopment Plan and the FM 518/Broadway Corridor Development Plan. Î 7.5 Infrastructure and Mobility: Advance the planning, design, and construction of priority road and highway projects; pursue federal, state, and local funding for transportation projects and advance drainage and stormwater management in Pearland. Î 7.6 Quality of Life and Quality of Place: Pursue the development of dynamic, walkable mixed-use districts including development of a new plan for invigorating Old Townsite and continue to invest in Pearland Town Center as an important catalyst site and expand the urban uses for a walkable mixed-use center. Î 7.7 Accessibility to TMC: Build consensus around alternative transportation services to and ö RR 1.1 Recruit New Developers: PEDC and the Chamber of Commerce can attract new development ideas that match the place types proposed in the FLUP through recruitment of developers from outside the Gulf Coast and perhaps Texas. ö RR 1.2 Online Fulfillment: Allow building plans to incorporate online fulfillment function into existing and proposed retail stores to capture retail sales for tax revenue related to Texas’s rules regarding origin and destination. ö RR 1.3 Old Town District: Create a specific area plan for this catalyst site similar to the Livermore Downtown Specific Plan to remove redevelopment barriers and focus infrastructure investment. ö RR 1.4 Lower Kirby District: Develop destination retail that doesn’t compete with SH 288/ Broadway retail or Pearland Town Center with entertainment, food, and beverage. Complement the biotechnology industry through creation of a community devoted to advancing the development and implementation of medical devices to support the aging population. from the TMC and Pearland. Î FROM RETAIL REPORT ö RR 1.5 Activate Commercial Districts: Update the UDC to allow authentic commercial districts through appropriate façade massing, increased walking, allowing storefront visibility, and reserving corners for retail instead of office or residential lobbies. ö RR 1.6 Parking and Sidewalk Standards: Update the UDC to allow for shared parking, structured parking incentives, and complete sidewalk design.
There is a limited supply of multi-tenant lease office space and existing primary buildings include the Shadow Creek Business Center, 1920 Country Place, the offices at Pearland Town Center, and multiple medical office buildings. The asking rent for Shadow Creek is $31.40 per square foot. According to CoStar, there is 1.3 million SF of office space in Pearland with 250,016 available for rent as of the first quarter of 2023. CONCENTRATION OF JOBS Examining Figure 7.16 below, the darker purple concentrations show areas of a higher number of jobs per square mile. It is not coincidental that the high-density areas shown are also the locations of the commercial, retail, and industrial developments examined in the previous sections.
FIGURE 7.16: CONCENTRATION OF JOBS WITHIN PEARLAND
PEARLAND COMPREHENSIVE PLAN 2040
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Chapter 7
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