Vista Equities to launch second phase of LaCenterra

Katy, Texas -- Houston-based developer Vista Equities Group reports a rise in lease activity and interest for its mixed-use town center development in Katy, Texas – LaCenterra at Cinco Ranch. The remaining 3,100 sq. ft. of phase one retail space and almost 6,000 sq. ft. of existing office space has been leased.

New retailers include Another Round and Flip Flop Shop. Businesses relocating or adding locations in LaCenterra include Amerejuve Med Spa, Retina Consultants of Houston and Eventsia Group.

VEG and partner Denver-based Amstar said they will move forward with construction of LaCenterra’s Phase II-A this fall. Plans are underway for the addition of 36,000 sq. ft. of retail space and an amphitheatre for public events.  A spring 2012 opening is projected.

When fully completed in 2013, new construction (both Phase II-A and Phase II-B) will add a total of 130,000 sq. ft. of retail space, 70,000 sq. ft. of office space and a multi-family, luxury residential component to LaCenterra’s existing 170,000 sq. ft. of retail space and 90,000 sq. ft. of Class A office space.

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