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    West Katy Grows

    5-acre green space and Houston restaurants anchor new Katy development

    Brianna McClane
    Aug 6, 2025 | 11:15 am

    Katy continues to grow, this time with the addition of Texas Heritage Marketplace — an 800,000-square-foot mixed-use development under construction in Waller County. While the project spans 165 acres at the southwest junction of I-10 and Texas Heritage Parkway, it’s the nearly five-acre central green space that will be surrounded by a curated mix of restaurants and retailers that sets it apart, according to the project's developer.

    "We want to raise the bar on green space concepts. We envision a mix of inviting dining concepts and spa- or fitness-related brands to play off the entire project's lifestyle component," said Bob Conwell, senior vice president of NewQuest, in a statement. Conwell is leading pre-leasing efforts for the Houston-based real estate firm.

    Escalante’s, Tony C’s Pizza and Beer Garden, Aji Izakaya, and Kilwin’s are the first wave of tenants to secure a spot in the 39,811 square feet of premium retail space encircling the green space. Half of that square footage is already either leased or in negotiations.

    "Signing Escalante's is a badge of honor for Texas Heritage Marketplace's green space. It's well-known that the upscale restaurateur is very selective about its locations," said NewQuest senior vice president Bob Conwell.

    The future Escalante’s outpost will be the Tex-Mex chain’s eighth location in the Houston area. Tony C’s Pizza and Beer Garden, a sports bar concept named after Red Sox legend Tony Conigliaro, is making its Greater Houston debut with the project.

    "Aji Izakaya and Kilwin's are equally well-known brands in the market and both are expanding," Conwell said. "We're starting with four strong attractions as place-makers for the green space."

    A large heritage oak tree that NewQuest saved from the path of nearby highway construction will serve as a focal point of the green space, with a water feature and native plants adding to the attraction.

    "We're being highly selective about the tenants who will co-exist in the green space,” David Meyers, managing director of leasing and development partner for Houston-based NewQuest, said in a statement. “They ultimately share a common bond, which is to encourage people to stay longer and return frequently.”

    Texas Heritage Marketplace, which broke ground in January, is already slated to be home to at least four national anchors, including a Target store expected to open in October 2026 and EoS Fitness. The anchors alone are projected to draw roughly four million visits annually. A 50,000-square-foot medical facility (with potential expansion to 70,000 square feet) and at least 500 high-end multifamily units are also planned

    "It's rare to see a project of this magnitude being built today," Conwell said. "Once construction is fully underway, meaning walls are going up, the market's anticipation will really start to take off."

    Texas Heritage Marketplace

    Rendering courtesy of NewQuest

    Texas Heritage Marketplace, a mixed-use development under construction in Waller County, spans 165 acres with a five-acre central green space.

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    Houston nails down No. 8 spot among fastest-moving luxury home markets

    John Egan
    Dec 22, 2025 | 1:30 pm
    11095 Memorial Drive exterior
    TK Images for Martha Turner Sotheby's International Realty
    11095 Memorial Drive is for sale for $8.8 million.

    For-sale signs on the lawns of luxury homes in Houston-area communities like Bellaire, River Oaks, West University Place, and The Woodlands are disappearing faster than in most U.S. markets.

    November’s Realtor.com Luxury Housing Report shows luxury homes in the Houston metro area spent a median 61 days on the market in November, up 3.4 percent from last November. That puts the Houston metro in eighth place among the country’s fastest-moving luxury home markets.

    Asking prices for Houston-area listings among top-tier luxury homes started at $794,576 in November, according to the Realtor.com report.

    The Houston Association of Realtors (HAR) says stepped-up activity in the luxury home market helped boost the average single-family home price in the area to $422,552 in November. The luxury market — homes priced at $1 million and above — was the region’s top-performing home category in November, according to HAR, with sales up 23.4 percent compared with the same time in 2024.

    The Realtor.com report ranks San Jose, California, as the fastest-moving metro for luxury home sales in November. There, luxury homes spent a median 56 days on the market, down 6.7 percent from last November.

    “Luxury home dynamics are increasingly driven by local factors rather than national trends,” Antony Smith, senior economist at Realtor.com, says in a release. “Some high-cost metros are experiencing brisk demand and fast turnover, while others face slower sales even at elevated price points. Understanding these local dynamics is key for both buyers and sellers in today's luxury market.”

    Roughly 200 miles west of Houston, the San Antonio metro lands on Realtor.com’s list of the country’s slowest-moving markets for luxury homes. San Antonio-area luxury homes lingered on the market for 99 days in November, up seven percent from the same time last year. That gave San Antonio eighth place on the list of the country’s slowest-moving luxury home markets.

    Asking prices for San Antonio-area listings among top-tier luxury homes started at $766,548 in November, according to the report.

    In November, 5.6 percent of home prices fell into the $750,000-and-above category, according to the San Antonio Board of Realtors (SABOR).

    Bend, Oregon, tops Realtor.com’s list of the slow-moving markets for luxury homes. In the Bend metro area, luxury homes were stuck on the market for a median 146 days in November, up 14.1 percent from the same period in 2024.

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