Katy Area of Houston: NewQuest Announces Plans for $75 Million Retail Project

Rendering of NewQuest center to be built west of Houston.

In Houston, NewQuest Properties is planning to develop a $75 million community lifestyle center, Stableside at Falcon Landing, anchored by a grocery store, with a movie theater to come in a later phase.

A 102,473-sf Kroger Signature store will anchor the first phase of Stableside at Falcon Landing, which will front Katy’s Gaston Road between Greensbusch Road and Falcon Landing Boulevard. Phase I is set to include 28,700 sf of inline retail space, a 7,350-sf multi-tenant building and four pad sites, each roughly one acre.

A two-story bank, a branch of a publicly traded institution, will be built.

Scraping will start in two months on the 34-acre site. The property, which contains 1980s-era structures, is the homestead of the late W.K. “Buck” King, a developer, businessman and rancher who moved to Houston from Kansas in 1935.

NewQuest said Phase II will be the project’s “destination” component, featuring a 39,000-sf theater and oversized shared green space with patio seating, architecturally inviting shade elements and a water feature.

Mick Granlund of Dallas-based O’Brien & Associates Inc. is the lead architect. Stableside at Falcon Landing is tentatively slated to open in December 2016.