Texas Heritage Marketplace: A $400 Million Mixed-Use Development Under Construction in Waller County
Houston-based commercial real estate firm NewQuest has broken ground on a $400 million, 165-acre mixed-use shopping center in Waller County. The project, known as the Texas Heritage Marketplace, is expected to feature 750,000 square feet of retail and restaurants, as well as 550 apartments in two communities.
A Decade of Planning and Development
NewQuest has invested nearly 10 years in bringing the project to fruition. The company is working with a variety of leading retailers and restaurateurs to procure the best possible mix for the project, with plans to announce additional anchors and tenants soon. According to Austin Alvis, NewQuest’s president and chief development officer, "After all these years of work, we couldn’t be happier to kick off Texas Heritage Marketplace with a great anchor like Target. We are proud to be bringing this exciting new development to the community."
A Walkable Environment with Ample Greenspace
The Texas Heritage Marketplace is designed to be a cohesive, walkable environment with ample greenspace. The project will feature a huge Heritage oak tree, which has been relocated from the path of the recently-completed Texas Heritage Parkway. This tree is reportedly the largest ever moved in the Houston area, and its relocation has helped to preserve a piece of local history.
A Collaboration with Local Authorities
The project represents a collaboration with the City of Katy, Waller County, and the Texas Heritage Parkway Association. While there is no set date for completion, the development is expected to bring new shopping, business, and entertainment options to residents in the area.
Key Features and Facts
- 750,000 square feet of retail and restaurants
- 550 apartments in two communities
- Nearly 300,000 square feet of medical office space and self-storage units
- Target is set to anchor the development with a 149,000-square-foot store
- The project is a $400 million, 165-acre mixed-use development
- NewQuest has invested nearly 10 years in bringing the project to fruition
Frequently Asked Questions
Q: When is the Texas Heritage Marketplace expected to be completed?
A: There is no set date for completion, but the project is expected to bring new shopping, business, and entertainment options to the area.
Q: What types of businesses can I expect to find at the Texas Heritage Marketplace?
A: The project will feature a mix of retail and restaurants, as well as medical office space and self-storage units. NewQuest is working with leading retailers and restaurateurs to procure the best possible mix for the project.
Q: How will the Texas Heritage Marketplace benefit the local community?
A: The project is designed to be a walkable environment with ample greenspace, and will bring new shopping, business, and entertainment options to residents in the area.
Q: Is the Texas Heritage Marketplace a collaboration with local authorities?
A: Yes, the project represents a collaboration with the City of Katy, Waller County, and the Texas Heritage Parkway Association.
