KATY, TX—A site has been identified as ideally suited for mixed use, which will also fill a retail void in this area. Plans are underway to develop an 82-acre mixed-use town center at the northwest corner of Interstate 10 and Mason Road. Planning will continue in the coming months for the initial 60-acre phase, which will include retail, restaurant, residential, hotel and office space. Trademark Property Co. has entered into an agreement with Westside Ventures for the development.

“This particular piece of land is one that we feel is ideally suited for mixed-use,” said John McCormack, CEO, Westside Ventures. “Trademark's expertise in developing world-class, mixed-use town centers, like Market Street Woodlands, make them a perfect partner to develop this property into its full potential.”

The site, which is part of a larger 107-acre tract owned by Westside Ventures, will be developed in phases during the coming years. Phasing and a construction timeline will be scheduled following planning.

“We believe this site is the next great opportunity in the country to develop a premier regional, mixed-use town center,” said Terry Montesi, CEO, Trademark Property Co. “There is a tremendous retail void in West Houston. Combined with the compelling housing, population and income demographics, and the site's adjacency to I-10 and Grand Parkway and the Energy Corridor, this represents a long-term opportunity for Trademark to cultivate a next-generation, best-in-class environment for the West Houston and Katy communities.”

According to the demographics data released by the Census Bureau in December 2015, Katy has a population of 15,071, the most populated city in the area. A list of corporate locations in Katy includes the new GEICO office, which is convenient to Interstate 10 and just 30 minutes from downtown Houston. In addition, numerous corporations are headquartered in areas surrounding Katy. Igloo Corporation is headquartered west of Katy in unincorporated Waller County, Academy Sports and Outdoors has its corporate offices and product distribution center in unincorporated western Harris County, and BP America, the area's largest employer, is headquartered in the Houston Energy Corridor.

“We see this as an outstanding opportunity to develop the next state-of-the art experiential mixed-use development in Texas,” Montesi tells GlobeSt.com. “This location is the top regional intersection in West Houston, with outstanding demographics, and allows us to shoot high to build something very special that will become the heart and soul of West Houston.”

Trademark has been active in Houston since 2002, developing both Royal Oaks Village and Market Street Woodlands, the 570,000-square-foot mixed-use development in The Woodlands Town Center. Currently, Trademark is redeveloping, leasing and operating Rice University's holdings in Rice Village, as well as continuing to operate Market Street Woodlands.

Instant Insights /

Mixed-Use Site Fills Retail Void in Katy

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