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Maggie Holley, mholley@sunwestpr.com; 214-373-1601
KATY, Texas (Sept. 29, 2016) – Trademark Property Co. has entered into an agreement with Westside Ventures to develop an 82-acre mixed-use town center at the northwest corner of I-10 and Mason Road in Katy, Texas. Planning will continue in the coming months for the initial 60-acre phase, which will include retail, restaurant, residential, hotel and office space.
“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 over 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.”
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.
About Trademark Property Co.
Trademark Property Co. is an operator, investor and developer of award-winning, mixed-use town centers, specialty, community, power centers and enclosed regional malls. Since 1991, the Fort Worth, Texas-based Trademark has invested in, or developed over 11.5 million square feet of retail and mixed-use assets worth over $2 billion. Trademark’s experienced team of 120 employees is responsible for approximately 6.8 million square feet of retail and mixed-use projects currently in operation or development/redevelopment, including: Alliance Town Center (Fort Worth, Texas), Burr Ridge Village Center (Chicago, Ill.), Glades Plaza (Boca Raton, Fla.), Hillside Village (Cedar Hill, Texas), La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), First Street Napa (Napa, Calif.), Perkins Rowe (Baton Rouge, La.), Rice Village (Houston, Texas), Saddle Creek (Germantown, Tenn.), The Shops at La Palmera (Corpus Christi, Texas), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.