Texas Heritage Marketplace

A construction project located in Katy.

A Bit About Texas Heritage Marketplace

Ground-up retail at this scale mostly stopped being built in the United States a decade ago. Texas Heritage Marketplace is the exception: a $400 million, 165-acre power center going up at the southeast corner of Interstate 10 and Texas Heritage Parkway, on the western edge of Katy in Waller County. NewQuest is developing roughly 800,000 square feet of retail and restaurant space in phases, with Arch-Con Corporation handling multi-tenant construction and sitework and AO as architect of record.

Project Scope

The anchor lineup accounts for about 470,840 square feet: Lowe’s Home Improvement, Target, EoS Fitness and a membership wholesale club. Junior anchors add roughly 151,089 square feet and include Academy Sports + Outdoors, Burlington, Spec’s and Ulta Beauty. NewQuest broke ground on the junior retail component in 2026 after anchor pads and backbone infrastructure were already underway.

Sitework is a large share of the job. The 165-acre tract required detention, utility extension and internal roadway construction ahead of vertical work, and the phasing is built around getting anchors open on a staggered schedule starting in late 2026 while adjacent pads are still under construction. Additional phases run into 2027.

Why It Matters

Nearly all U.S. retail growth since 2015 has been redevelopment, backfill or last-mile industrial conversion. New power centers are rare because the format depends on rooftop growth that most metros no longer produce fast enough to justify the land. Katy’s western edge is one of the few places that still does. The Grand Parkway corridor west of Houston has absorbed tens of thousands of new homes, and Waller County has been among the fastest-growing counties in Texas, which is the entire thesis behind a project this size.

For contractors, the value is in the format. A phased multi-anchor build gives trade partners repeatable scopes across a long schedule, which is unusual in a market where most retail work now comes as one-off tenant improvements. It’s also a bet that the drive-to, big-box format still works when the demographics underneath it are moving in the right direction.