Seguin, Texas — Houston-based developer NewQuest has begun work on Seguin Exchange, a 544-acre mixed-use development that will be located on the northeastern outskirts of San Antonio. NewQuest first acquired the land in 2007 and is now underway on infrastructural work.
Plans for Seguin Exchange currently call for approximately 2 million square feet of industrial space and 750,000 square feet of retail, restaurant and entertainment space that will be housed within a single shopping center. Seguin Exchange is also planned to feature medical, multifamily and hospitality uses.
Within the development’s retail component, NewQuest is in negotiations with various retailers that could account for as much as 400,000 square feet of preleasing activity, inclusive of anchor spaces. NewQuest expects the first retail stores to open at the end of 2027. The majority of retailers, service businesses and restaurants should follow in 2028.
Within the industrial component, the site can support more than 250 acres of new development, which NewQuest plans to construct in partnership with an undisclosed, Houston-based firm. Ohio-based automotive supplier KTH Parts has already committed to the project via a 40-acre ground lease, with construction slated to begin later this year.
“We are fortunate to have been patient with superior land positions,” says Austin Alvis, NewQuest’s president and chief development officer. “Seguin Exchange represents a long-term bet that will prove to have far-reaching and positive impacts on the local economy and tremendous economic impact through sales taxes, property taxes and jobs.”
With infrastructure work underway, NewQuest plans to deliver utilities and roads to the various components at Seguin Exchange by year’s end.
— Taylor Williams