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!

Howdy, Katy! Exciting news is blowing in from Waller County, where the Texas Heritage Marketplace has officially broken ground! This ambitious mixed-use development is set to reshape the local landscape and bring a host of new options for shopping, dining, and living.

Construction got underway in early 2025, and folks can expect to see the first properties open their doors by the third quarter of 2026. With a hefty estimated total development cost of $400 million, this venture by NewQuest Properties is nothing to sneeze at! Spanning a whopping 165 acres along the bustling Interstate 10 and the shiny new Texas Heritage Parkway, this project is about to put Katy on the map in a big way.

An Anchor to Rely On!

The centerpiece of this development will be a massive 149,000-square-foot Target store, which will serve as the anchor, pulling in shoppers from near and far. A peek into the future also shows a 167,990-square-foot Sam’s Club, set to enrich the retail mix. Work on the Sam’s Club is set to kick off in August, aiming for completion by late July 2026, and it comes with its own price tag of nearly $5 million. And just for convenience’ sake, there will also be a gas station right next to it!

Sweet Retail Delights Await!

But that’s just the beginning! The Texas Heritage Marketplace aims to roll out an impressive 750,000 square feet of retail and restaurant space, making it a one-stop-shop for everyone. Eager customers can already look forward to popular names like EoS Fitness, America’s Best Contacts and Eyeglasses, Milano Nail Spa, and Aji Izakaya. With half of the premium retail space surrounding a lovely green area already leased or in negotiations, the buzz is definitely growing.

Residential Comfort in the Mix!

Looking beyond shopping and dining, the marketplace will also include two apartment communities boasting a total of 550 units. This means that living right next to all the excitement is a real possibility for many! Add to that a 50,000-square-foot medical facility—potentially expandable to 70,000 square feet—and this development seems ready to cater to all aspects of life in Katy.

A Green Space for the Community!

Imagine taking a break and soaking up the sun in a stunning nearly 5-acre central green space. This area will feature curated dining and retail experiences, including exciting restaurants like Escalante’s and Tony C’s Pizza and Beer Garden. Of course, you can cool off with a treat from Kilwin’s, ensuring there’s something for every taste bud!

Thriving Community Demographics!

Now, let’s talk numbers! The 5-mile trade area surrounding this marketplace has seen its population soar to over 150,000, marking a staggering 60% increase since 2020. It’s clear that the community here is booming, with an impressive average annual household income of $179,401. This creates a solid foundation for the mix of tenants and services expected to thrive in the Texas Heritage Marketplace.

Looking Ahead!

As the development progresses, not only is it anticipated to attract around four million annual visits just from the anchor stores alone, but it’s also designed to keep visitors coming back. There’s a large heritage oak tree set to be a focal point in the green area—a symbol of the community’s rich history.

The Texas Heritage Marketplace is gearing up to become a lively hub of activity, beauty, and convenience. With its varied offerings and strategic planning, it promises to be an essential addition to Katy that residents and visitors alike will cherish. Get ready for a future filled with excitement and opportunity!

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Author: STAFF HERE DALLAS WRITER

DALLAS STAFF WRITER The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas 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 the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.