HOUSTON – (Realty News Report) – NewQuest announced three new ground leases that will expand the offerings at Texas Heritage Marketplace, a $400 million project that will bring 800,000 SF of retail and restaurant space to the Katy area.
Olive Garden, Whataburger, and Chase Bank will each build locations on leased parcels of land at the regional mixed-use development, which is being built on 165 acres at the southeast corner of Interstate 10 and Texas Heritage Parkway. The development is in Waller County, about 33 miles west of downtown Houston.
Texas Heritage Marketplace will be anchored by a Lowe’s Home Improvement Store, Target, EoS Fitness, and Sam’s Club, according to NewQuest and state filings with the Texas Department of Licensing and Regulation. Other planned stores include Academy Sports + Outdoors, Burlington, Spec’s Wines, Spirits & Finer Foods, and Ulta Beauty.
NewQuest’s David Meyers and Bob Conwell have secured nearly 620,000 SF in leasing commitments at the center so far. The project will serve a growing residential area including master-planned communities such as Sunterra, Tamarron, Cane Island, Cross Creek Ranch, Jordan Ranch, and Firethorne. Hines is developing a community planned for more than 7,000 homes near FM 1093 and Texas Heritage Parkway.
“With a project this size, we typically develop it in phases,” Meyers said. “But the demand for retail in this high-growth area is immediate so everyone is committed to getting it done as quickly as possible.”
Olive Garden will build a 7,825-SF restaurant on a 1.58-acre tract. The restaurant was represented by Traci Holman of Baker Katz in the ground lease.
Whataburger, represented by Scott Gardner of Main Street Commercial, will construct a 3,305-SF building on 1.06 acres.
Chase Bank will build a 3,443-SF bank branch on a 0.7-acre site. James Namken and Kyle Knight of Weitzman represented the bank.
Bob Conwell and David Meyers represented the landlord in all of the deals.
Feb. 17, 2026, Realty News Report Copyright 2026
NewQuest courtesy photo.
THE RALPH BIVINS PROJECT PODCAST
LISTEN: THE RALPH BIVINS PROJECT with Mark Davis of Davis Commercial
LISTEN: THE RALPH BIVINS PROJECT with David Hightower of Midway
LISTEN: THE RALPH BIVINS PROJECT with Alex Kamkar of Bold Fox Development
LISTEN: THE RALPH BIVINS PROJECT with Brad McWhirter of Trahan Architects
LISTEN: THE RALPH BIVINS PROJECT with Lacee Jacobs of Rebel Retail Advisors
LISTEN: THE RALPH BIVINS PROJECT with Danny Rice of Colliers
LISTEN: THE RALPH BIVINS PROJECT with Trey Odom of Avera
LISTEN: THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +
LISTEN: THE RALPH BIVINS PROJECT with Jim Carman of Howard Hughes Holdings
LISTEN: THE RALPH BIVINS PROJECT with Sam Scott of CommGate
File: Major Katy Retail Project Signs New Tenants