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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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    homebuying news

    New study ranks Texas a top-20 housing market for buyers under 35

    Amber Heckler
    Aug 12, 2026 | 10:30 am
    Person holding house keys
    Photo by Jakub Żerdzicki on Unsplash
    In 2025, Texas had more mortgage applicants under 35 years old than any other state in the country.

    The Lone Star State is emerging as a top destination for young adult homebuyers, a new report has confirmed, with nearly 23 percent of all mortgage applications submitted by individuals under 35 years old.

    Texas ranked No. 18 in SmartAsset's new study, "Where Young Adults are House Hunting," making it one of the most sought-after U.S. states "where the next generation of homeowners may be gaining the strongest foothold."

    To determine where younger Americans are most actively pursuing homeownership, SmartAsset's analysts examined mortgage application data in all 50 states in 2025, and calculated the share of applications filed by buyers younger than 35 relative to all applicants.

    A total 259,737 Texas homebuyers under 35 submitted mortgage applications in the last year alone — making Texas the state with the highest number of young adult applications in the country.

    California and Florida, respectively, had the second- and third-highest numerical rate of young adult homebuyers with 170,434 and 159,429 applications in each state. But they still ranked at the bottom of the national list with the lowest percentage of young adult applications relative to all applicants in 2025 — at 14.7 and 14.8 percent.

    North Dakota leads the nation as the top state for young homeowners with over 28 percent of all mortgage applications in 2025 submitted by homebuyers under 35, making up 6,551 applications.

    SmartAsset also revealed something many homeowners might already know: younger Americans are more likely to pursue homeownership in states with lower housing costs.

    "In each of the four states with the highest share of mortgage applications from adults younger than 35, the typical home value is less than $300,000: North Dakota (No. 1), West Virginia (No. 2), Nebraska (No. 3) and Iowa (No. 4)," the report's author wrote.

    In Texas, the typical home is worth $302,187, which is the 18th highest in the U.S. Meanwhile, West Virginia and Mississippi are the only two states with home values under $200,000, the lowest nationwide.

    Recent studies have positioned Houston as a hotspot for millennial homeowners, but results aren't looking good among Gen Z and first-time homebuyers. As many Houstonians already know, affordability remains a major hurdle and the surrounding suburbs have a greater appeal for potential first-time buyers.

    High home prices aren't the only challenges keeping young Americans from becoming homeowners, the report said. Other challenges like high interest rates and limited supply are also plaguing would-be homebuyers.

    "According to a recent Pew Research Center survey, nearly 9 in 10 younger Americans say it is harder for them to buy a home than it was for their parents," the report said. "Nonetheless, younger buyers continue to aspire to homeownership, navigating an uneven landscape of affordability and opportunity."

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