NewQuest Breaks Ground on Multi-Tenant Phase at $400M Texas Heritage Marketplace in Katy

The newly launched phase centers on a five-acre, park-like green space now branded as Heritage Grove.

Apr. 6, 2026 at 4:55pm

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A stylized, isometric 3D illustration depicting a miniature retail development with a central green space surrounded by various retail buildings, junior anchor stores, and a fitness center, all rendered in a clean, modern aesthetic with bold colors and soft lighting.The planned integration of green space, junior anchors, and wellness-focused retail at the Texas Heritage Marketplace development in Katy aims to create a dynamic shopping and community destination.Katy Today

NewQuest has started construction on the multi-tenant portion of Texas Heritage Marketplace, a planned $400 million retail destination in Katy. The newly launched phase centers on a five-acre, park-like green space now branded as Heritage Grove, which is designed to be framed by restaurant and wellness-focused retail offerings and several junior anchor spaces.

Why it matters

The multi-tenant component of Texas Heritage Marketplace is a key part of the overall $400 million development, which aims to create a vibrant retail and community hub in the growing Katy, Texas area. The integration of junior anchors, fitness, dining, and green space is intended to drive foot traffic and create a dynamic shopping and leisure experience.

The details

Plans for the multi-tenant component call for 35,000 square feet dedicated to dining concepts and spa- or fitness-related retail surrounding Heritage Grove. In addition, the project includes more than 100,000 square feet set aside for four junior anchors positioned at the core of the development. NewQuest is targeting a first-quarter 2027 delivery for the junior anchor space, which is being marketed to a line-up that includes Academy + Sports, Burlington, Spec's Fine Wines & Spirits and Ulta Beauty. An EoS Fitness location is also planned next to Heritage Grove and is expected to be delivered in conjunction with the junior anchors and the green space.

  • NewQuest has started construction on the multi-tenant portion of Texas Heritage Marketplace.
  • The junior anchor space and Heritage Grove are targeted for a first-quarter 2027 delivery.
  • The major anchor program for Texas Heritage Marketplace, featuring a Lowe's Home Improvement store, a Target, and a membership-based wholesale club, are in various stages of construction with staggered openings scheduled to begin in September.

The players

NewQuest

The developer of Texas Heritage Marketplace, a planned $400 million retail destination in Katy, Texas.

Texas Heritage Marketplace

A planned $400 million retail destination in Katy, Texas, being developed by NewQuest.

Heritage Grove

A five-acre, park-like green space at the center of the multi-tenant portion of Texas Heritage Marketplace.

Arch-Con Corp.

The Houston-based general contractor serving as NewQuest's contractor for the multi-tenant retail buildings and associated site work at Texas Heritage Marketplace.

AO

The architect of record for the multi-tenant portion of the Texas Heritage Marketplace project.

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What’s next

The major anchor program for Texas Heritage Marketplace, featuring a Lowe's Home Improvement store, a Target, and a membership-based wholesale club, are in various stages of construction with staggered openings scheduled to begin in September. This is expected to bring anchor traffic to the site ahead of the multi-tenant phase's planned 2027 completion.

The takeaway

The multi-tenant component of Texas Heritage Marketplace is a key part of the overall $400 million development, which aims to create a vibrant retail and community hub in the growing Katy, Texas area. The integration of junior anchors, fitness, dining, and green space is intended to drive foot traffic and create a dynamic shopping and leisure experience.