Momentum - Business to Business Online Magazine October 2018 | Page 17

An Exclusive Interview with John Meador VP/Partner, Pinnacle Alliance Fund, Inc. By: Erin Webb, Communications & Media Director League City Regional Chamber of Commerce [email protected] The Development of Pinnacle Park: An Emerging Destination in League City Q: Q: What does Pinnacle Alliance Fund, Inc. do and what is your role in the company? A: Pinnacle was incorporated on July 26, 1994 and operates as a full-service development company that provides real estate development services, brokerage services, property management services, leasing and construction management. Pinnacle has three partners, Robert Cranshaw (League City resident), Chris Janse and myself. Actually, our first retail development was in League City in front of the Meadowbend subdivision back in the mid 90’s. We have all shared multiple roles in making Pinnacle a success throughout the years. We look for value opportunities utilizing our knowledge in construction to mitigate costs and create value. Our philosophy has been to never give up and to stay positive while believing in ourselves and maintaining a can-do attitude. Q: Tell us about Pinnacle Park in League City. A: Pinnacle Park is a 110 acre mixed-use development that will have retail, medical, office, hospitality and multi-family. Our north anchor is Cabela’s and our south anchor is Memorial Hermann. We intend to build retail in the area between Cabela’s and Memorial Hermann as well as in the area to the west, towards Calder road. Cabela’s and Memorial Hermann own their property outright but we consider them to be an integral part of the development. Phase I consists of 16,000 square feet of retail, comprised of Red Wing Shoes, Beef Jerky Outlet, Coco Crepes and Little Mia Bella, who will be opening at the end of October. We are also working to backfill the Tilted Kilt space with a family-friendly restaurant. Phase II consists of four buildings totaling 32,000 square feet. Tenants include Abuelo’s (Mexican food), Salata (salads, wraps and soups), Olympia Grill (seafood) who will be opening in October 2018 and Kabuki Japanese Steak and Sushi, opening in January 2019. We have 6,900 square feet remaining left to lease in this phase. We are really excited about Phase III, which will be approximately 80,000 of retail, 30,000 of office and will have a structured parking component. Phase III will be very pedestrian friendly, with numerous green areas and water features. I would categorize Phase III as a hybrid of The Woodlands Town Center, City Centre, Vintage Park and Uptown Park. Q: Where did the idea/design come from? How did it come to play? A: I’ve been extremely fortunate and blessed to travel to many parts of the world and have observed various types of architecture and taken a lot of pictures. One place very close to H-Town is the Pearl and Hotel Emma, located in San Antonio. I love how this development has attracted a number of corporate businesses in the area which in turn support the retailers. This is a critical component for any type of development and something we are focusing on in Phase III with the support of League City through continued on next page MOMENTUM / October 2018 16