The new Target store planned for Valley Ranch Town Center—located at 11985 Grand Parkway N., New Caney—is expected to open in 2023, according to a May 11 Facebook post from the East Montgomery County Improvement District. Developer Signorelli Co. first announced the planned store, which is expected to be 136,000 square feet, in October, and construction is slated to begin in August. Target has 1,926 stores across the country and made about $94 billion in revenue in 2020, according to the retailer's website.