IU HERITAGE - BLDG 1 in Katy, TX

Building 1 at 1045 Heritage West Drive in Katy, Texas, is a completed 33,280 square foot tilt-wall structure intended for office and warehouse use. The project, filed with the Texas Department of Licensing and Regulation (TDLR) under the name IU Heritage - Bldg 1, is located in the Heritage Park West area of Waller County. It stands on private land and is privately funded for private use.

The construction scope involved building a new shell with an accompanying parking lot. The estimated cost for this new construction was $2,496,000, equating to $75 per square foot. This cost per square foot is close to the county median of $75 for similar new construction filings in Waller County. The total estimated cost is above the county median of $1,200,000 for this project type.

IU Heritage, LP is the owner and developer of record for this project. Urban Construction SW served as the design firm. Laura Fulkerson was the registered accessibility specialist associated with the filing. The project was registered with TDLR in June 2025, and plan review was completed in the same month. Construction began in July 2025.

The scheduled build window was 303 days, which is close to the county median of 273 days for new construction. The completion date listed on the filing was April 2026. The final inspection was passed in April 2026. TDLR closed the project file in August 2026, which marks the end of the accessibility review process for this construction. The TDLR status for this project is now Project Closed.

Regional Context and Comparisons

IU Heritage, LP has six other TDLR-registered projects in the region, with a combined value of $33,165,900. These include Building 6, IU Heritage - Bldg 2, Building 3, Building 5, and Building 4, all located in Katy. Urban Construction SW has also been involved in six other TDLR-registered projects totaling $9,961,725, including Building 6, Building 1 - 59K, and Building 2 - 10K.

According to U.S. Census ACS 2023 five-year estimates for ZIP code 77493, the population is about 62,264, with a median household income of $113,388. The area has 20,552 housing units, and the median owner-occupied home value is $321,900. Housing in this ZIP code is predominantly owner-occupied.

Other registered projects in the Heritage Park West area include Roland Business Park, Chipotle, 2551 Katy Bend Road, Building 3, and 13th St. Business Park - Bldg A. Businesses already near this site include G.O. Media Studio and Playground. The Waller County unemployment rate was 6.2 percent in June 2026, higher than a year earlier.