Construction has begun on the retail portion of Kyle Park, a 101-acre mixed-use development at the northeast corner of I-35 and Bebee Road in Kyle, Texas, about 20 miles south of Austin. Transwestern Investments and NewQuest, the project’s joint-venture developers, said the roughly 412,588-square-foot retail component will anchor a regional lifestyle center combining retail, hotel and multi-family uses.
The retail component will be divided among big box, inline and pad site structures, with at least 15 pad sites planned along I-35, according to project details released by the developers. Confirmed tenants include Dick’s Sporting Goods, Burlington, HomeGoods, ULTA Beauty, TJ Maxx, Barnes & Noble, Boot Barn and EOS Fitness, with restaurant chains BJ’s Brewhouse, Gringo’s, Chili’s and Raising Cane’s having filed plans, records show. Dick’s Sporting Goods and Boot Barn are partnering to anchor the development, with state construction filings showing Dick’s plans a 50,000-square-foot store and Boot Barn a 15,000-square-foot location.
The two anchor retailers are making a combined $32.9 million investment in their side-by-side locations, according to state construction filings.
The new stores would bring Boot Barn’s Austin metro total to seven locations and Dick’s to five, officials said.
The project is estimated to create at least 800 full-time jobs, with the city projecting at least $2.5 million in annual sales taxes and at least $1 million in annual property taxes from the development, according to city officials. The merchandising portion of the project is reported as “largely leased” already.
NewQuest, a Houston-based privately owned commercial real estate firm founded in 2001, will manage development, leasing and property management of Kyle Park, officials said. The firm owns more than 100 retail and mixed-use projects exceeding 12 million square feet. Transwestern Investments, a Houston-based firm founded in 1978 with 35 offices nationwide, serves as the capital partner and co-sponsor of the project.
“This property presented a rare opportunity to comprehensively address the evolving demands of one of the fastest-growing regions in the United States,” said William Duncan, partner at Transwestern Investments. “NewQuest has been instrumental in bringing the retail vision to life, and we see tremendous long-term potential in this corridor along I-35 as Kyle continues to attract new residents, businesses and investment.”
A rendering of the retail component shows a town square-style setup with a central gathering area, water features, a mural and extensive landscaping, according to the developers. The retail portion is described as the “central aspect” of the development, which is envisioned as a “regional lifestyle center” and “regional retail and lifestyle destination” along the I-35 corridor.
The City of Kyle held a groundbreaking ceremony for Kyle Park in February 2026, marking the start of a five-year construction timeline, according to city officials. The project was approved by Kyle City Council in December 2023. First-phase buildings are estimated to be completed by late 2027, with spaces expected to be turned over to retailers in late 2027, according to TDLR filings.
As of Oct. 22, 2026, most of the land had been cleared with white stones and crews were excavating, though no physical buildings were yet visible, according to MySA reporter Cristela Jones, who covered the project’s progress on site that day. CultureMap Austin reported the construction kickoff on Nov. 2, 2026, and Realty News Report reported the joint venture’s construction start on Oct. 28, 2026.
Kyle Park sits in Hays County, one of the fastest-growing counties in the state, along the I-35 corridor roughly midway between Austin and San Antonio. The 101-acre site at the northeast corner of I-35 and Bebee Road will combine retail, hotel and multi-family uses across its footprint, according to the developers.
Construction on the retail portion will proceed in phases, with the first-phase buildings slated for completion in late 2027 and subsequent phases to follow within the five-year timeline established at the February groundbreaking.
