News Summary
The Texas Heritage Marketplace has commenced construction in Waller County, promising a mixed-use development that will include shopping, dining, and residential spaces. Covering 165 acres, it will feature major retailers like Target and Sam’s Club, a significant green space, and residential apartments. With an investment of $400 million, this project is set to reshape the community and attract millions of visitors annually, reflecting the burgeoning population and economic growth in the area.
Texas Heritage Marketplace Breaks Ground in Waller County!
Texas is abuzz with excitement as the Texas Heritage Marketplace has officially broken ground in Waller County. This expansive mixed-use development, spearheaded by NewQuest Properties, promises to transform the local commercial and residential landscape, introducing a variety of shopping, dining, and living opportunities.
Construction commenced in early 2025, with expectations for the first properties to open by the third quarter of 2026. The project represents a substantial investment, with an estimated total development cost of $400 million. Spanning 165 acres along Interstate 10 and the new Texas Heritage Parkway, the marketplace is poised to significantly elevate the profile of the Katy area.
An Anchor to Rely On!
At the heart of this development will be a substantial 149,000-square-foot Target store, designed to serve as the anchor that draws in shoppers from both nearby and distant locales. Adding to the retail allure, a 167,990-square-foot Sam’s Club is also set to open, with construction starting in August 2025 and a target completion date of late July 2026. The Sam’s Club project comes with its own budget of nearly $5 million, and will also feature a conveniently located gas station.
Sweet Retail Delights Await!
The Texas Heritage Marketplace is anticipated to encompass a total of 750,000 square feet of retail and restaurant space, creating a one-stop shopping experience for residents and visitors alike. Well-known brands such as EoS Fitness, America’s Best Contacts and Eyeglasses, Milano Nail Spa, and Aji Izakaya are already signed on or in negotiations to sign leases. With half of the prime retail space either leased or in discussions, it is clear that interest in the marketplace is growing rapidly.
Residential Comfort in the Mix!
Beyond just shops and restaurants, the Texas Heritage Marketplace plans to include two apartment communities, featuring a total of 550 units. This development will allow residents to live in close proximity to all the amenities the marketplace has to offer. Additionally, a 50,000-square-foot medical facility is also part of the design, with potential for expansion to 70,000 square feet, addressing community health needs.
A Green Space for the Community!
The design features a stunning nearly 5-acre central green space, which will serve as a gathering place for the community. This area is expected to showcase a variety of dining and retail options, including restaurants like Escalante’s and Tony C’s Pizza and Beer Garden. Furthermore, visitors will be able to enjoy treats from Kilwin’s, catering to diverse taste preferences.
Thriving Community Demographics!
Current demographics around the development show a burgeoning local population, with over 150,000 residents in the 5-mile trade area, marking a remarkable 60% increase since 2020. This spike in population, combined with an average annual household income of $179,401, suggests robust economic conditions that will support the anticipated range of tenants and services at the Texas Heritage Marketplace.
Looking Ahead!
As construction progresses, it is projected that the marketplace will attract approximately four million annual visits, primarily driven by the anchor stores. The development will highlight a heritage oak tree, symbolizing the community’s history and providing a natural focal point for the green space.
The Texas Heritage Marketplace is set to become a vibrant hub of activity, blending convenience, beauty, and community engagement. With its diverse offerings and strategic design, it aims to serve as a beloved destination for residents and visitors alike, shaping the future landscape of Katy.
Deeper Dive: News & Info About This Topic
- Community Impact: Texas Heritage Marketplace Business Confirmations
- Google Search: Texas Heritage Marketplace
- Covering Katy: Sam’s Club Opening in Katy Area
- Wikipedia: Katy, Texas
- CultureMap: Texas Heritage Marketplace Development
- Encyclopedia Britannica: Retail Development
- Houston Chronicle: Texas Heritage Marketplace Tenants
- Google News: Katy Texas Development
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
