News Story

SUGAR LAND, TX – May 21, 2025

– The Sugar Land Development Corporation (SLDC) and the Sugar Land 4B Corporation (SL4B) approved three five-year performance agreements
 to support office revitalization within Sugar Land Town Square (SLTS). Approved on May 20, the agreements reinforce the City’s commitment to strategic reinvestment in one of its most notable and economically significant destinations. This effort supports the continued evolution of Town Square––making it more attractive to businesses, residents and visitors.

The agreements include a total investment of $12.5 million to support significant tenant and office improvements to two key commercial buildings: Building B and Building H.

• Building B – Located at 15958 City Walk, this building will undergo a modernization of shared amenities, including innovative communal office spaces designed to meet the needs of today’s flexible and collaborative work environments. Enhancements will also include upgraded landscaping and streetscapes along City Walk Boulevard to elevate overall experience for tenants and visitors.
• Building H – Located at 2150 Town Square Place, planned improvements include renovations to the building’s entry, lobby and signage, along with updates to the garden area and new furniture, fixtures and equipment (FF&E) to elevate the tenant and visitor experience.
• Office Tenant Improvements – Property-wide upgrades aimed at attracting and retaining high-quality tenants will be implemented.

These improvements were identified in September by the project’s operator and property management firm, Rebees, as a part of a broader repositioning strategy and vision for the district (full press release here).

“We’re proud to continue our partnership with the City of Sugar Land as we launch this new chapter for Town Square,” said Tom Paterson, Managing Partner at Rebees. “These improvements are essential to keeping Town Square competitive in a changing market, while preserving the character and energy that make it a beloved destination. This kind of long-term collaboration is exactly what makes Sugar Land such a great place to invest.”

Established in 2003 through the City’s first public-private partnership, the 32.8-acre, mixed-use district has played a central role in shaping Sugar Land’s identity as a premier destination for business, dining, hospitality and community. Today, Town Square is home to several major employers and maintains an overall occupancy rate of 73% across office, retail and restaurant spaces. Since 2018, the district has welcomed more than 27 million visitors.

“Sugar Land Town Square set the standard for public-private partnerships—and it continues to lead by example,” said Jessica Huble, Assistant Director of Redevelopment at the City of Sugar Land. “This investment underscores our commitment to reinvest where it matters most and support partners who are just as invested in Sugar Land’s future as we are. Redevelopment isn’t just a priority—it’s vital to long-term success, and we are proud to support what’s next for Town Square.”