PHOTO: The first phase of the new shopping center near Kohl’s will include Burlington Coat Factory, Five Below and Ulta Beauty. Photo provided by Luminous Property Investments.

On May 16, Victoria Exchange Development and Sundance Construction will formally break ground on the first phase of a new shopping center near Kohl’s.

The shopping center will include space for seven retailers or restaurants. The following retailers have signed leases for the space:

• Burlington Coat Factory
• Five Below
• Ulta Beauty

The developer is continuing to negotiate with other businesses that are interested in the space. Updates will be provided as they become available.

“New retail developments and restaurants are a key part of keeping local money local, since they encourage residents to do their shopping in Victoria rather than going to other cities or shopping online,” said Economic Development Director Danielle Williams. “This new development will support our goal of growing Victoria and making our community a more attractive place to shop for residents and visitors alike.”

What’s next

The first phase of the development, which will include four retail spaces, will finish in the spring of 2026. Construction on the second and final phase will begin in August of this year and finish August 2026. 

The second phase will include street improvements and new traffic signals on nearby Broadmoor Street, as well as utility improvements. These upgrades are required under the City’s unified development ordinance, which was adopted in 2024 and includes provisions for traffic safety and other improvements that must accompany new developments.

How it’s funded

The shopping center is a $25 million private investment by Victoria Exchange Development.

The City of Victoria is planning to contribute $1 million toward the improvements on Broadmoor Street, to be paid after the Phase One retailers have begun to move in.

The traffic signals are being funded by the Texas Department of Transportation as part of the agency’s ongoing safety initiatives.

The City also plans to partner with the Victoria Sales Tax Development Corporation to provide up to $500,000 in sales tax rebates, to be paid in five yearly installments, if the development meets agreed-upon sales tax milestones.

Stay connected

To learn more, watch or listen to the latest episode of Town Talk on YouTube at Victoria Texas Videos or on Spotify at Town Talk (City of Victoria).

To learn more about how the City and its partners are working to grow commerce in Victoria, visit www.growingvictoriatx.com.