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As residential growth continues in the Katy area, businesses and entrepreneurs are seeking more ways to keep family recreational dollars close to home.
Typhoon Texas, next to Katy Mills Mall, is slated to open May 2016.
The 43-acre family friendly water park is privately funded and will include six separate bodies of water, a splash pad, a 1,500 foot lazy river, a rain fortress for the kids, and water slides for the thrill seeker. Typhoon Texas’s slides will pump out 28,000 gallons of water per minute.
Investors said this was a venture that made sense and will generate jobs and lasting memories for area families.
The new boardwalk will be built behind Katy Mills Mall.
It will surround a convention center and hotel, and will include an 80-acre pond. The Katy Development Authority, created by the city to oversee the development of Katy Mills, was tasked with developing plans for the new project.
Since plans began over a year ago, the boardwalk project has moved ahead rapidly with development expected to begin in two to three years. The entire project is expected to take at least ten years beginning with the first phase in the early years targeting completion of a boardwalk and convention center. The plaza, hotel and other areas will follow.
Although the site for the planned boardwalk project had humble beginnings around the retention pond of the mall, the project is designed to make the area a destination for Katy residents and tourists.
Ultimately these new developments around Katy Mills Mall and the ongoing suburban expansion of Katy beg the question “What will Katy’s planned water park and boardwalk mean for your home values?”
Will the addition of more local shopping, entertainment venues and attractions be a plus for local homeowners or will the increased traffic, crowds and other negatives that may accompany them if mismanaged (like noise, pollution and crime) be a turn off to future home buyers and investors?
What are your thoughts?
My goal is to provide timely, educational information related to the Real Estate and Mortgage industries, along with some fun stuff just to make you smile. I want and value your input! Please email any questions or comments you have. – Kathie