What you need to know
Located at 24720 Morton Ranch Road, The Oak at Katy Park is scheduled to be completed in mid-2025, according to a Dec. 11 news release from Wayfinder Real Estate and Read King Commercial Real Estate—the developers for the space.
The larger, mixed-use development in which the 348-unit apartment community is located will be anchored by a 120,000-square-foot H-E-B grocery store, per the release.Amenities at the 348-unit community include:
- A resort-style pool,
- A pickleball court,
- Co-working space,
- A sauna,
- Outdoor kitchens and grilling areas, and
- A fitness center.
Per the release, residents have leased nearly 6,000 more apartments in the Katy area than developers have built since early 2021, illustrating an undersupply and strong demand for multifamily developments such as The Oak at Katy.
Additionally, the demand for more retail will continue to be driven by the build out of thousands of new single-family homes in coming years in the northwest quadrant and surrounding areas of the city—making space for the Market at Katy Park as the first grocery-anchored retail center north of I-10 and west of the Grand Parkway.
Quote of note
“The Katy Park and athletic fields already draw families from across the Katy area year-round, and the new H-E-B will attract a steady stream of customers seven days a week from the moment it opens,” Read King Managing Partner Cort King said in the release. “This location will quickly become one of the most trafficked intersections in the region and among the most desirable places for residents seeking apartments.”