Excerpt (emphasis mine):
Katy area officials say the Grand Parkway will act as a catalyst for growth in all sectors, specifically in north Katy which suffers from a lack of access.
“It is my opinion that we will see development that will take place all throughout the Katy area,” Harris County Precinct 3 Commissioner Steve Radack said. “It is going to be a boom town.”
There are multiple commercial and retail projects in the works near Segment E, but many are in their infant stages of tenant negotiations, including a more than 300-acre mixed-use development by NewQuest Properties at Morton Ranch and Clay roads.
“We are working on securing our first big anchors for the retail portion as well as other commercial tenants,” said Jeff Hayes with NewQuest.
Residential projects are also expected to appear soon, and Katy ISD is preparing to acquire sites for future schools, district land planner Peter McElwain said.
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