IU HERITAGE - BLDG 3

Building 3, filed as IU Heritage - Bldg 3, is a new construction project located at 1085 Heritage West Drive in Katy, Texas. The facility spans 209,040 square feet and was designed as a tilt-wall construction shell intended for office and warehouse use, complete with a dedicated parking lot. The estimated cost for this development was $15,678,000, placing the project well above the median cost for similar new construction filings in Waller County.

Project Scope and Ownership

Owned by IU Heritage, LP, the project was registered with TDLR in June 2025. Urban Construction SW served as the design firm of record, overseeing the plan review that was completed the same month. Construction began in July 2025, with a scheduled completion date of April 2026. The site is situated in the Heritage Park West area, a zone that includes other commercial developments such as Roland Business Park and Chipotle. The project is privately funded on private land for private use.

The construction window for this building was 303 days, which is close to the county median of 273 days for similar projects. The cost per square foot was calculated at $75, matching the county median for new construction. This specific build is part of a larger portfolio for IU Heritage, LP, which has six other TDLR-registered projects in the region totaling $28,875,900. These include Building 4 and Building 5, both of which have completed their reviews.

Completion and Status

The final inspection for the building was passed in April 2026. Following this milestone, TDLR closed the project file in August 2026, which marks the end of the accessibility review process for this construction. The local area, defined by ZIP code 77493, has a population of approximately 62,264 residents according to U.S. Census estimates. The median household income in this area is $113,388, and the housing stock is predominantly owner-occupied, with a median home value of $321,900.

Waller County’s unemployment rate was 6.2 percent in June 2026, a figure that is higher than a year earlier. The project’s scale and cost reflect a significant investment in the commercial infrastructure of the Katy area. The registration and completion of this project contribute to the broader development of the Heritage Park West neighborhood, supporting the local business ecosystem with new office and warehouse space.