Construction has commenced on Texas Heritage Marketplace, a 165-acre mixed use development in Katy from developer NewQuest Properties, officials announced.

The big picture

The $400 million development, which is slated to be 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 office space and self-storage. Retail chain Target will be its anchor tenant, according to a Jan. 27 news release.

Additionally, the site is set to bring 550 apartments with two multifamily communities, according to the release.

Notable quote


"After all these years of work, we couldn't be happier to kick off Texas Heritage Marketplace with a great anchor like Target," Austin Alvis, president and chief development officer for NewQuest, said in the release. "We are presently working with a variety of leading retailers and restaurateurs to procure the best possible mix for the project. We look forward to announcing additional anchors and tenants soon."
The $400 million development is anticipated to have more than 1 million square feet of retail, restaurants, medical office space and self-storage. Retail chain Target will be its anchor tenant. (Rendering courtesy NewQuest Properties)
The $400 million development is anticipated to have more than 1 million square feet of retail, restaurants, medical office space and self-storage. Retail chain Target will be its anchor tenant. (Rendering courtesy NewQuest Properties)
Zooming in

According to the release, the development will be consist of:
  • 750,000 square feet of retail and restaurants
  • 300,000 square feet of medical office 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, according to the release.

Looking back

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.


Looking ahead

Community Impact reached out to NewQuest for a project timeline but a response was not returned by press time.