There are hundreds of construction projects underway across the Rio Grande Valley this year. But here are some notable projects the Rio Grande Valley Business Journal is keeping an eye on in 2026.
Shops at Mercedes
There are fewer than 20,000 residents in the mid-Valley city of Mercedes, which sits on the eastern edge of Hidalgo County along Interstate 2. But each day, there are more than 81,000 vehicles that drive through it — that’s one reason why there’s yet another retail development in the works.
A decade after the Rio Grande Valley Premium Outlets opened in Mercedes as a retail destination, a new shopping plaza next door with popular anchor tenants is under construction.
The Shops at Mercedes is a 28-acre development expected to cost $52 million. It is being built by San Antonio-based Merit Commercial Real Estate, led by McAllen native Will Collins.
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