Get ready for a retail revolution in Liberty Hill! A massive new shopping center, Ace Square, is set to transform the area, but not everyone is cheering. Anchored by Walmart and strategically located at the intersection of State Highway 29 and Ronald Reagan Boulevard, this development promises to be a game-changer. But here's where it gets interesting: while Walmart takes center stage, the project also boasts a unique 'shadow anchor' concept, with H-E-B and a future Lowe’s nearby, adding to its allure. According to a leasing flyer from RESOLUT RE, the center is slated to open its doors in the fourth quarter of 2026, offering a diverse mix of retail options.
Ace Square will feature two retail buildings, each providing a flexible range of 1,200 to 13,000 square feet of leasable space, accommodating businesses of various sizes. This design choice is a smart move, catering to both established brands and up-and-coming retailers. The project, first reported by The Independent in August 2025, has already generated buzz, especially with its impressive lineup of proposed tenants. Imagine grabbing a bite at Longhorn Steakhouse or Olive Garden after a shopping spree at Walmart, followed by a pet supply run at PetSmart and a fashion update at Ross—all in one convenient location.
But is this development a boon or a burden for Liberty Hill? While it promises convenience and economic growth, some might argue it could overshadow local businesses. And this is the part most people miss: the 'shadow anchor' strategy. By having H-E-B and Lowe’s nearby, Ace Square benefits from their foot traffic without directly hosting them. Is this a clever business move or a missed opportunity for a more integrated shopping experience? We’d love to hear your thoughts in the comments. As the project unfolds, The Independent will keep you updated on every twist and turn, ensuring you stay in the loop on this exciting—and potentially controversial—development.
