What residents need to know
The $400 million development, located at the southeast corner of Texas Heritage Parkway and I-10, is anticipated to have more than 1 million square feet of retail, restaurants, medical office space and self-storage, officials previously said.
The development, anchored by Target, will consist of:
- 750,000 square feet of retail and restaurants
- 300,000 square feet of medical office space and self-storage
“We want to raise the bar on green space concepts,” NewQuest Senior Vice President Bob Conwell said. “We envision a mix of inviting dining concepts and spa- or fitness-related brands to play off the entire project’s lifestyle component.”
Additionally, the site is set to bring 550 apartments with two multifamily communities.
The details
According to a project brochure, the NewQuest has confirmed 12 businesses for the development, including:
- Whataburger
- The Kebab Shop
- Target
- America’s Best
- Milano Nail Spa
- Kilwins
- Aji Izakaya
- Escalante’s
- EoS Fitness
- Lowe’s
- Tony C's
- James Avery
The Texas Heritage Marketplace project was originally supposed to break ground in 2020 upon the completion of Texas Heritage Parkway, a 6.4-mile thoroughfare from I-10 to FM 1093, Community Impact reported. The parkway opened in August 2021.
The development, which broke ground in early 2025, is at the center of several ongoing master-planned communities, including Jordan Ranch, The Grange and Tamarron West, officials said.
Looking ahead
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.
Once operational, the city of Katy is expected to receive roughly $3 million in sales tax revenue annually from the development, city officials previously said.
“It’s rare to see a project of this magnitude being built today,” Conwell said. ”Once construction is fully underway, meaning walls are going up, the market’s anticipation will really start to take off.”
