Development
BY AUBREY VOGEL
12 businesses con rmed for Texas Heritage Marketplace
Leasing is underway for Texas Heritage Marketplace, a 165-acre mixed use development in Katy from developer NewQuest Properties. The $400 million development, located at the southeast corner of Texas Heritage Parkway and I-10, is anticipated to have more than one million square feet of retail, restaurants, medical o ce space and self-storage, o cials previously said. The development, anchored by Target, will consist of: • 750,000 square feet of retail and restaurants • 300,000 square feet of medical of ice space and self-storage The area will also boast a walkable green space centered around a heritage oak tree that was relocated from the path of Texas Heritage Marketplace. Additionally, the site is set to bring 550 apartments with two multifamily communities. “It’s rare to see a project of this magnitude being built today,” NewQuest Senior Vice President Bob Conwell said.
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Con rmed businesses 1 Whataburger 2 The Kebab Shop 3 Target
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7 Aji Izakaya 8 Escalante’s 9 EoS Fitness 10 Lowe’s 11 Tony C's 12 James Avery
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4 America’s Best 5 Milano Nail Spa 6 Kilwins
NOTE: BUSINESSES WERE CONFIRMED USING A NEWQUEST PROJECT BROCHURE.
SOURCE: NEWQUEST COMMUNITY IMPACT
Zooming out
Looking ahead
The project was originally supposed to break ground in 2020 upon the completion of Texas Heritage Parkway, Community Impact reported. The development, which broke ground in early 2025, is at the center of several ongoing mas- ter-planned communities.
Once operational, the city of Katy is expected to receive roughly $3 million in sales tax revenue annually from the development, city o cials previously said.
Community Impact reached out to NewQuest to learn more about the project timeline but a response was not received ahead of press time. However, according to a brochure on its website, the site has a proposed delivery date in the third quarter of 2026.
4747 FM 1463, Suite 1000 Katy, TX 77494 713.852.6700 TexasBayCU.org
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