The latest: At the Jan. 14 meeting, Katy City Council approved an amendment to the development agreement that named Hyatt Regency as the full-service hotel at the development. Operated by franchisee HBH Ventures LLC, the hotel will have a minimum of 300 rooms as well as a restaurant, bar, pool and fitness center. City officials said at a Jan. 16 Katy Area Chamber of Commerce event that the hotel and conference center will break ground in the fall and will be completed by fall 2020. Additionally, construction on the first loft apartment complex is expected to begin in early 2019, city officials said.
“[The Katy Boardwalk District is] going to be a billion-dollar project at some point,” Brawner said at the Jan. 14 meeting. “I mean, when it’s finished out, it’s going to be a billion dollars [in property value].”