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 – Texas Heritage Marketplace, a significant mixed-use development, officially broke ground in early 2025, marking a substantial investment in Waller County. The ambitious project, spearheaded by NewQuest Properties, is expected to transform the Katy area with an extensive development featuring a variety of retail, dining, and residential options. The first properties are anticipated to open in the third quarter of 2026.
Spanning 165 acres along Interstate 10 and the newly established Texas Heritage Parkway, the total estimated cost of the Texas Heritage Marketplace is projected at $400 million. A key highlight of this development will be a 149,000-square-foot Target store, which is planned as the project’s anchor tenant. In addition to retail spaces, the marketplace will provide 750,000 square feet dedicated to various retail and restaurant options, enhancing the shopping experience for local residents and visitors.
The development plan also includes two apartment communities that will offer a combined total of 550 units, catering to the growing housing demand in the area. Additional features of the Texas Heritage Marketplace encompass medical offices, storage facilities, and a 167,990-square-foot Sam’s Club store, which is set to commence construction in August 2025 and aims to be completed by late July 2026. A gas station will be constructed adjacent to the Sam’s Club to supplement the services available at the site.
Population Growth and Economic Impact
The project is strategically located within a 5-mile trade area that boasts a population exceeding 150,000, a noticeable increase of 60% since 2020. Moreover, the average annual household income in this trade area is recorded at $179,401, indicating a robust economic environment that the new marketplace aims to further benefit. The development is designed to attract around four million annual visits from visitors to the anchor stores alone, highlighting its potential for significant community interaction and economic activity.
Tenant Diversity and Amenities
As of now, additional tenants confirmed to join Texas Heritage Marketplace include EoS Fitness, America’s Best Contacts and Eyeglasses, Milano Nail Spa, and Aji Izakaya. While the first tenants are scheduled to begin operations in 2026, the final set of tenants is expected to open by 2027. Approximately 50% of the premium retail space surrounding the planned central green space has already been leased or is in negotiation, reflecting strong interest from potential retailers.
The centerpiece of the marketplace will feature a nearly 5-acre central green space, designed to offer curated dining and retail options. Among the notable restaurants planned for this area are Escalante’s and Tony C’s Pizza and Beer Garden, along with other establishments like Aji Izakaya and Kilwin’s. Furthermore, a large heritage oak tree will be a focal point in the green space, adding to the area’s aesthetic appeal.
Healthcare Facilities and Future Developments
The marketplace will also house a 50,000-square-foot medical office facility, with plans for a potential expansion to 70,000 square feet. This addition aims to enhance community access to healthcare services alongside the retail offerings and residential spaces.
Overall, the Texas Heritage Marketplace is poised to not only provide economic benefits through job creation and increased local spending but also to serve as a vibrant community hub for residents of Katy and surrounding areas. As the project progresses, it is expected to significantly alter the landscape of Waller County and offer diverse opportunities for shopping, dining, and living.
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 GEORGETOWN
The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson 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 Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
