by Steve Griffin | CRE Market Beat

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. 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. This configuration is intended to integrate the anchors with the surrounding open space and smaller-format storefronts.