Texas Heritage Marketplace in Katy, TX

Building 2, filed under the project name Texas Heritage Marketplace, is a new construction development located at 29229, 29233, 29237, and 29241 Katy Freeway in Katy, Texas. The project consists of four shell buildings totaling 100,021 square feet. With an estimated cost of $11,864,770, the development represents a significant addition to the commercial landscape in Waller County.

The owner of record is Pederson Road Town Center-139, LLC, and the design firm of record is Architects Orange (Ao). The registered accessibility specialist for this project is Ernest G Taylor. The project is privately funded on private land for private use. TDLR completed plan review in January 2026 and construction is scheduled to finish in December 2026, with work starting March 2026.

Project Scope and Cost

The scope of work involves the construction of four shell buildings. The total square footage is 100,021 sq ft. The estimated cost is $11,864,770, which equates to $119 per square foot. This cost per square foot is above the county median of $75 for similar new construction filings in Waller County. The estimated total cost is also above the county median, placing it in the top quarter of recent filings for this type of work.

Architects Orange (Ao) has six other TDLR-registered projects totaling $69,698,329. These include Building 18 in Katy, and multiple projects in Kyle, including Building 255 and Kyle Park. The presence of multiple projects by the same design firm indicates a consistent portfolio of commercial developments in the region.

Location and Context

The site is located in the 77494 ZIP code area, which has a population of about 130,920 according to U.S. Census ACS 2022 five-year estimates. The median household income in this area is $144,444, and the median owner-occupied home value is $420,100. The area is predominantly owner-occupied with 42,520 housing units.

Nearby businesses include Men's Wearhouse, At Home, Ashley Store, PetSmart, Lowe's Home Improvement, and Kohl's. These existing retailers suggest a well-established commercial corridor along Katy Freeway. The new construction of Building 2 will add to the inventory of commercial space in this high-traffic area.

This status indicates a lower risk of flooding compared to areas within the designated floodplain. The construction window of 298 days is close to the county median of 273 days for similar projects, suggesting a standard timeline for this scale of development.