Katy is continuing to develop west, but the area north of I-10 along the Grand Parkway is set for extensive development by some prominent home builders in the coming years. President of Trendmaker, Will Holder, said “that whole area is very soon to be transformed into everything that you can imagine, schools to churches, everything residential.” Mr. Holder also stated that a good portion of the land, which stretches from the easternmost border of the city of Katy to the edge of Cy-Fair, is already under contract by developers and builders.
A big draw to this area is the new access that the Grand Parkway offers. Segment E (which stretches from I-10 to 290) opened to traffic on December 21, 2013.
One of the most notable future developers of this area is Newland Communities (who developed Cinco Ranch). They have about 4,000 acres under contract in the vicinity of Highway 529 and Peek Road. D.R. Horton has bought about 500 acres in the area and Lennar Homes has bought about 100 acres as well. KB Home has 60 acres at Morton Ranch and Porter Roads where they have already broken ground on Katy Oaks Preserve and Katy Oaks Estates. Long Lake Ltd., parent company of Postwood Homes, owns land along the Northeast side of the Grand Parkway and Morton Ranch Road. There are plans in the working for a master-planned community here with 2,000 – 2,500 homes.
Katy ISD also has plans to build a new elementary, middle, and high school at Stockdick School and Peek Roads. Steve Stanford, a spokesman for the district, said that KISD plans to closely watch as students move into the area, and will count on the proposed schools to provide needed relief for both Morton Ranch and Katy High Schools.