Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Construction Underway on $400M Katy Retail Center
NewQuest has commenced construction on the $400 million mixed-use shopping center dubbed Texas Heritage Marketplace in Waller County. Target has been secured to anchor the development and will build a 149,000-square-foot store.
The 165-acre development fronts Interstate 10 and the newly completed Texas Heritage Parkway in Katy, Texas. The completed build-out will include 750,000 square feet of retail and restaurants and 550 apartments in two communities, which NewQuest will develop, plus nearly 300,000 square feet of medical office space and self-storage units.
NewQuest’s Austin Alvis added, “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.”
NewQuest has invested nearly 10 years in bringing the project to fruition. The NewQuest site was deemed ready for construction with the completion of the 6.5-mile Texas Heritage Parkway.
- ◦Development
