Houston-based NewQuest broke ground on infrastructure earlier this June for Seguin Exchange, a 544-acre mixed-use development at the intersection of Interstate 10 and Texas 46 in Seguin. According to a news announcement from the developer, the project is expected to transform a key gateway into the city with a mix of retail, industrial, medical, hospitality, entertainment and multifamily development.
The long-awaited project comes as growth continues to push east from San Antonio, bringing new residents, employers and development interest to Seguin and the surrounding I-10 corridor.
The retail portion of Seguin Exchange is expected to include more than 750,000 square feet of shopping, restaurant and service space anchored by a major general merchandise retailer and a home improvement store. NewQuest said leases are currently under negotiation for more than 400,000 square feet of retail space, including the project’s anchor tenants, according to the news announcement.
“Seguin Exchange is the most significant mixed-use development in Seguin and Guadalupe County, bringing a tremendous economic impact through sales taxes, property taxes and jobs,” Austin Alvis, president and chief development officer of NewQuest, said in the announcement.
NewQuest acquired the property in 2007 and has spent years waiting for the region’s population growth and retail demand to reach a level capable of supporting a project of this scale. Company officials said infrastructure work now underway will bring roads and utilities to the site by the end of the year, opening the door for construction on the project’s various components.
The first retail stores are expected to open in late 2027, with the majority of retailers, restaurants and service businesses anticipated to follow in 2028.
For Seguin leaders, the development represents more than new stores and restaurants.
“The Seguin Exchange project represents 544 acres of transformative opportunity for the City of Seguin and its residents,” Alora Wachholz, director of economic development and executive director of the Seguin Economic Development Corporation, said in an email statement to MySA.
Wachholz said the project is poised to become “a catalyst for long-term economic growth” by attracting nationally recognized retailers, creating workforce opportunities and expanding the city’s commercial tax base. She added that the site also offers room for future expansion, allowing additional projects to shape Seguin’s growth for years to come.
“The Seguin Exchange project is about far more than the addition of new shopping destinations,” Wachholz said. “It is a strategic investment in the city’s future — one that will help build a stronger, more sustainable community and improve the quality of life for residents for years to come.”
The project will also include more than 250 acres of industrial development. NewQuest said Ohio-based automotive supplier KTH Parts Industries has already purchased 40 acres within the development and plans to begin construction on a new facility in late 2026, becoming the first announced industrial user at Seguin Exchange.