$280M Kyle Park Development Accelerates Retail Construction

NewQuest is preparing the next phase of retail construction at Kyle Park, a $280 million mixed-use development in Kyle, Texas. The 101-acre project is planned to include 400,000 square feet of retail space, 421 apartments and a hotel, adding substantial commercial and residential space along Interstate 35.

Key Takeaways

• NewQuest plans to ramp up retail site work at Kyle Park in mid-September.
• The 101-acre project is planned for 400,000 square feet of retail, 421 apartments and a hotel.
• The next retail phase covers 272,704 square feet of multitenant space.
• Retailers are expected to receive their spaces for build-outs in September 2027.
• At least 15 additional pad sites are planned along Interstate 35 and Bebee Road.

NewQuest Advances Construction at Kyle Park

NewQuest is preparing to ramp up retail site work at Kyle Park in mid-September, advancing construction at the $280 million mixed-use development in Kyle, Texas. The Houston-based developer is working on the next phase of a 101-acre project planned for retail, apartments and a hotel.

The upcoming construction phase will cover 272,704 square feet of multitenant retail space. The space is planned for a row of junior anchors and four buildings along the newly built Kyle Park Avenue.

Infrastructure work at the site began in February. The next phase will extend the project’s retail construction and prepare space for a group of retailers planned for the development.

NewQuest development partner and Senior Vice President Andrew Alvis said the project is intended to provide Kyle residents with additional places to shop and dine locally while attracting visitors to the development.

The retail construction is part of a larger plan for Kyle Park that includes 400,000 square feet of total retail space, 421 apartments and a hotel.

The project is located at Interstate 35 and Bebee Road in Kyle, about 20 miles south of Austin. Its location gives the development frontage along one of the area’s major transportation routes.

The project is part of a broader set of mixed-use developments in Texas that combine residential and commercial property. In downtown Austin, for example, the Waterline mixed-use tower includes residential, hotel, office and retail space within a 74-story development.

Kyle Park Plans 400,000 Square Feet of Retail Space

Kyle Park is planned to contain 400,000 square feet of retail space across the 101-acre development. The current construction phase accounts for 272,704 square feet of multitenant space.

The planned retail area will include junior anchor spaces and buildings positioned along Kyle Park Avenue. The project also includes additional retail opportunities along its Interstate 35 and Bebee Road frontages.

NewQuest has 3,200 feet of frontage along Interstate 35 at the project. At least 15 pad sites are planned along the highway, with additional pad sites planned along Bebee Road.

The retail plan includes a wide landscaped walking path with a pavilion and shaded seating. A replica of Kyle’s landmark water tower is also planned between two rows of specialty shops.

The site’s layout combines retail buildings with pedestrian-oriented features. Kyle Park is also planned as a strategic anchor for the city’s Vybe trail system, which is designed to connect retail centers, restaurants and neighborhoods.

The retail component will therefore occupy a large portion of the overall mixed-use project while remaining connected to the development’s planned residential and hospitality components.

The project’s $280 million total value covers the broader Kyle Park development rather than only the retail construction now moving forward.

Retail Construction Covers 272,704 Square Feet

The next phase of site work will prepare 272,704 square feet of multitenant space for retailer build-outs. The spaces are expected to be turned over to retailers in September 2027.

The planned junior anchor tenants include EoS Fitness, Boot Barn, Miniso, Barnes & Noble, TJ Maxx, HomeGoods, Burlington, Dick’s Sporting Goods and America’s Best.

The retail construction also includes space planned for AusTea, BJ’s Brewhouse, Chili’s, Dave’s Hot Chicken, Gringo’s, Pacific Dental and Scooter’s Coffee.

The businesses represent a mix of retail, fitness, restaurants, coffee, dental services and other consumer-facing uses. Their planned locations form part of the retail component being developed at Kyle Park.

The timing of the retailer build-outs follows the current construction schedule. NewQuest plans to increase retail site work in mid-September, while the spaces are expected to be delivered to retailers for their individual build-outs in September 2027.

The development’s retail footprint is larger than the 272,704-square-foot phase currently moving forward. The overall plan calls for 400,000 square feet of retail space, leaving additional retail space beyond the current multitenant construction phase.

The project also includes at least 15 planned pad sites along Interstate 35, where the developer controls 3,200 feet of frontage. More pad sites are planned along Bebee Road.

Major Retailers Are Planned for Kyle Park

The retailer lineup planned for Kyle Park includes several large-format stores as well as specialty retailers and service businesses.

EoS Fitness, Boot Barn, Miniso, Barnes & Noble, TJ Maxx, HomeGoods, Burlington, Dick’s Sporting Goods and America’s Best are planned for the junior anchor space.

Restaurants and service businesses planned for the development include BJ’s Brewhouse, Chili’s, Dave’s Hot Chicken, Gringo’s, Pacific Dental and Scooter’s Coffee. AusTea is also among the planned tenants.

The spaces are expected to be turned over to retailers for build-outs in September 2027.

Kyle Park’s retail component differs from nearby Texas projects focused primarily on industrial property. For example, Houston’s Gateway 1960 is planned as a 714,233-square-foot industrial campus with three warehouse facilities scheduled for completion in the third quarter of 2027.

The development’s pedestrian features are planned alongside the retail buildings. A landscaped walking path will include a pavilion and shaded seating, while the replica water tower is planned between two rows of specialty shops.

Kyle Park’s planned connection to the city’s Vybe trail system is another component of the site’s layout. The trail system is planned to connect retail centers, restaurants and neighborhoods.

Residential and Commercial Components Expand the Project

The Kyle Park development extends beyond its retail component. The 101-acre plan calls for 421 apartments and a hotel in addition to the 400,000 square feet of planned retail space.

The project is located in Kyle, a city in Hays County. Kyle’s population has grown to nearly 70,000 from 45,700 in 2020, according to the U.S. Census Bureau.

Major employers identified in the area include Ascension Seton Hays, Tesla, Amazon, FedEx and Lowe’s.

Another construction project is underway nearby. Houston-based Transwestern Investments has started construction on the 328,256-square-foot Kyle Commerce Center at 278 Republic Drive. The industrial development covers 28 acres and is being developed through a joint venture with Balcones Real Estate Group.

The combination of residential and commercial uses also appears in other large Texas developments. In Southern Dallas, University Hills is planned as a mixed-use project with approximately 580 single-family homes and townhomes, 1,500 multifamily units and 1.5 million square feet of commercial space. 

Kyle Park’s planned retail frontage includes Interstate 35 and Bebee Road. The project has 3,200 feet of Interstate 35 frontage, with at least 15 planned pad sites along the highway.

The development’s commercial and residential components are being built as part of the same 101-acre project. The retail construction now advancing represents the next phase of that larger plan, while the apartments and hotel remain part of the project’s planned uses.

Frequently Asked Questions

What is the Kyle Park development?

Kyle Park is a $280 million mixed-use development in Kyle, Texas, on 101 acres at Interstate 35 and Bebee Road. The project is planned to include 400,000 square feet of retail space, 421 apartments and a hotel.

How much does the Kyle Park project cost?

The planned Kyle Park development has a total value of $280 million.

How much retail space is planned at Kyle Park?

The overall project is planned for 400,000 square feet of retail space. The next construction phase covers 272,704 square feet of multitenant retail space.

Which retailers are planned for Kyle Park?

Planned retailers include EoS Fitness, Boot Barn, Miniso, Barnes & Noble, TJ Maxx, HomeGoods, Burlington, Dick’s Sporting Goods and America’s Best. Other planned businesses include AusTea, BJ’s Brewhouse, Chili’s, Dave’s Hot Chicken, Gringo’s, Pacific Dental and Scooter’s Coffee.

When is Kyle Park retail space expected to be turned over?

The retail spaces covered by the upcoming construction phase are expected to be turned over to retailers for their build-outs in September 2027.