Large mixed usage project | Realty News Report

Houston (REALTY News Report) News develops a 750,000-SF individual trading center with mixed use and 550 residential units in Waller County west of Houston.

The $ 400 million project, which is known as Texas Heritage Marketplace, is anchored by a 149,000 SF target business.

The 165 -hectare development development of Interstate 10 and the newly completed Texas Heritage Parkway in the city of Katy.

Newquest in Houston will develop several retail and restaurants as well as two shared apartments as well as almost 300,000 SF medical office and self-storage units.

“After all the years of work, we couldn’t be happier to start the Texas Heritage Marketplace with a big anchor like Target,” says Austin Alvis, President and Chief Development Officer from Newquest in Houston. “We are currently working with a large number of leading retailers and restaurateurs to get the best possible mix for the project. We look forward to announcing additional anchors and tenants soon. “

Newquest has invested in the realization of the project for almost 10 years because growth in one of the best cities in Texas pushed west. The Newquest location was classified as a building with the completion of the 6.5 miles long Texas Heritage Parkway and the remarkable preparatory activity.

The new artery combines the development with a five-mile trading area with a population of almost 147,000 and an average annual household income of $ 162,886. The unprecedented residential growth of 56% since 2020 has created a future housing stock of 13,600 houses to supplement 4,683, which are now on site.

Newquest should praise environmentalists

“We wanted to invest in the preservation of this inheritance oak and make the project a meeting room for the community,” says Alvis. “This project was a great cooperation with the city of Katy, Waller County and Texas Heritage Parkway Association, which was responsible for the development of the Texas Heritage Parkway.”

The route of the Texas Heritage Parkway opens up a lot of prairie for the new development.

Hines has just acquired 3,000 acres, which are halved by expanding the Texas Heritage Parkway. Hines will be responsible for the completion of the Texas Heritage Parkway from his current term in Westpark Tollway to the southern border of the winning foster road.

January 28, 2025 REALTY News Report Copyright 2025

Image: with the kind permission of Newquest

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File: Large Mixed usage project Alvis Newquest Large Mixed Use project on the go Waller County, Heritage, Hines