Katy Boardwalk District developer agreement amended due to project delays from COVID-19

The Katy Boardwalk project will feature a conference center and hotel alongside a 90-acre lake. (Courtesy Kaplan Public Relations)
The Katy Boardwalk project will feature a conference center and hotel alongside a 90-acre lake. (Courtesy Kaplan Public Relations)

The Katy Boardwalk project will feature a conference center and hotel alongside a 90-acre lake. (Courtesy Kaplan Public Relations)

Katy City Council approved an amendment to the developer agreement for the Katy Boardwalk District project at the special May 11 meeting.

The new outside closing date related to the project’s hotel and conference center has been extended to Dec. 31 due to delays related to the coronavirus pandemic, according to the amendment document included in the May 11 Katy City Council meeting agenda packet.

The outside closing date is the deadline for obtaining financial commitments to pursue the project, according to the master development agreement between Katy Development Authority, the city of Katy and KBH Venture LLC signed by the city Jan. 14, 2019.

KDA is raising public funds by issuing bonds, while KBH is raising private funds such as equity and debt, per the master development agreement. In total, KBH must secure a minimum of $60 million, while KDA will issue bonds for at least $18 million, per the agreement.

KDA is overseeing the construction of the conference center, while KBH is overseeing the construction of the hotel, per the agreement. The Hyatt Regency, operated by HBH Ventures LLC, was revealed as the boardwalk’s hotel in early 2019.


In January of this year, city officials said the 304-room hotel and 43,000-square-foot conference center were expected to begin construction mid-2020 and open to the public mid-2021.

According to the master development agreement, the construction phase for the conference center and hotel was expected to begin Sept. 6, 2019, and last 456 days. The grand opening was set for Sept. 21, 2021.

Community Impact Newspaper reached out for comment from KBH Venture regarding the project delays and for more information about the development's timeline, but it did not respond.

Other items that must be completed by the final closing date include selecting a general contractor and finalizing the maximum price for the conference center as well as delivering the final plans and specifications for the project’s hotel, per the master development agreement.

In the master development agreement, the outside closing date was set for Dec. 17, 2019. It was extended to June 30, 2020, according to the amendment document included in the Dec. 9, 2019, Katy City Council meeting agenda packet.

In addition to the conference center and hotel, Katy Boardwalk District—a 169-acre, mixed-use development on Kingsland Boulevard across from Katy Mills—will also include office and retail spaces, a 90-acre lake and trails. Construction on a multifamily complex started March 2019 with an expected completion date of mid-2020.
By Jen Para
Jen joined Community Impact Newspaper in fall 2018 as the editor of the Katy edition. She covers education, transportation, local government, business and development in the Katy area.


MOST RECENT

Voters line up outside Juergen's Hall Community Center in Cypress on Oct. 14. (Shawn Arrajj/Community Impact Newspaper)
Harris County exceeds its previous voter turnout record before early voting ends

More than 1.3 million county residents cast ballots throughout the entire November 2016 election, but this year, that number was surpassed on Oct. 29—with one day of early voting remaining in addition to Election Day on Nov. 3.

Gringo’s Mexican Kitchen located at 230 W. Grand Parkway S., Katy, will open Nov. 10. (Courtesy Gringo's Mexican Kitchen)
Gringo's Mexican Kitchen to open in Katy area

Gringo’s Mexican Kitchen located at 230 W. Grand Parkway S., Katy, will open Nov. 10.

Early voting runs through Oct. 30. Election Day is Nov. 3. (Adriana Rezal/Community Impact Newspaper)
Double-edged sword: As voter turnout reaches all-time highs in Greater Houston area, so does risk of incomplete ballots

Under-votes, or votes that are never cast in a particular race, occur when voters cast incomplete ballots. They typically surge in elections with high voter turnout, said Steve Leakey, president of the Montgomery County Voter Awareness Council.

Harris County residents have returned approximately 163,000 mail-in ballots. (Hunter Marrow/Community Impact Newspaper)
Nearly 163,000 Harris County voters have submitted mail-in ballots

Early voting and mail-in ballots will be counted after polls close on Election Day.

Less than a week ahead of the Nov. 3 Election Day, Cihan Varol, an associate professor with Sam Houston State University's Cyber Forensics Intelligence Center, shared insight on foreign election hacking and what it means for voters. (Courtesy Adobe Stock)
Q&A: Sam Houston State University cyber forensics intelligence expert talks foreign election hacking ahead of Nov. 3

"There is a very slim chance that the hackers can change vote count, but they can definitely influence people to believe that they did manipulate it," Cihan Varol said. "If election fraud is going to happen, it'll be because of disinformation."

Face coverings are not required for those entering polling places in Texas during the general election. (Courtesy Adobe Stock)
UPDATED: U.S. appeals court pauses decision voiding face covering exemption at polling places

The court temporarily stayed a district judge's decision to void an exemption to Gov. Greg Abbott's statewide face covering order concerning polling places.

A new $40 million COVID-19 relief fund is opening to Harris County residents from Nov. 2-6. (Courtesy Fotolia)
Harris County to provide $40 million in new needs-based COVID-19 relief funding starting Nov. 2

A new $40 million COVID-19 relief fund is opening to Harris County residents from Nov. 2-6.

The Center for Houston’s Future released a report Oct. 28 that looks at the economic vitality of the region’s health care system and assesses the region’s community health. (Courtesy Pexels)
Report: 1 in 4 jobs added by 2036 in Greater Houston will be in the health care sector

However, failing to further develop a talent pipeline in medical expertise would lead to job losses, the report notes.

student doing classwork wearing a mask
Katy ISD projected student enrollment down 3.2% for 2020-21

“Everything statewide, when it comes to these predictions, is out the window,” Katy ISD CFO Christopher Smith said. “But the reality is we’re probably not going to earn as much money as we thought we would.”

Each of the county’s 30 early-voting centers are open until 7 p.m. Oct. 27 and from 7 a.m.-9 p.m. Oct. 28-30. Election Day is Nov. 3. (Courtesy Adobe Stock)
Fort Bend County to offer free public transportation on Election Day

Fort Bend County Judge KP George on Oct. 28 announced a free fare day for Election Day.