Business View Magazine | November 2020

228 BUSINESS VIEW MAGAZINE NOVEMBER 2020 FOR SALE OR BUILD TO SUIT Fort Bend County, Texas For Information Fuller Realty Partners 713-850-8400 www.fuller-realty.com ROSENBERG BUSINESS PARK down Spur 10 and crosses a large number of undeveloped properties, will make those areas more viable for future development because they already have access to water. “We’ve also funded utility and road extensions to our currently developing Rosenberg Business Park, a 184-acre deed restricted development targeting light manufacturing and distribution projects, and utilities to Walsh Road Industrial Park, a 24-acre development offering smaller tracts, from one to five acres, both of which should be a strong job producers for us. We are also currently in the process of extending Airport Avenue from a major thoroughfare to one of the new access roads on Interstate 69. It will provide better access to a planned 108-acre mixed use development project that’s going to generate some office space, retail, restaurants and possibly a family-entertainment venue, as well.” Supporting the city’s infrastructure expenditures are property tax revenues that are split, almost evenly, between commercial and residential property owners. “It’s a good thing to have that balance because you don’t really want to place the tax burden on your businesses, and you don’t want to put it on the residents either,” Heath shares. “You want everybody to contribute and, right now, that’s where we are – everything is aligned. In order to maintain the services that we provide our citizens, sales tax is also crucial. Our most impactful commercial project was the first public/private partnership the City embarked on. In 2005, the City and the Rosenberg Development Corporation incentivized NewQuest Properties to develop Brazos Town Center, a 100-acre retail-heavy, mixed-use development that has become the primary sales tax generator for Rosenberg. It’s the first thing you see as you enter the City on I-69 from the northwest, and it cemented Rosenberg as a viable suburban option to attract new residents by bringing in national retail and restaurant brands the City would have had a hard time securing on its own.”