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THE VISTA COMPANIES BREAKS GROUND ON FINAL PHASE OF DEVELOPMENT AT LACENTERRA AT CINCO RANCH

 

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HOUSTON, TX --- May 26, 2017---Today, Houston-based developer Vista Equities Group broke ground on the Final Phase of development at Katy-area’s LaCenterra at Cinco Ranch. The Final Phase will be anchored by a 37,000 sq. ft. Alamo Drafthouse Cinema, 7,500 sq. ft. of retail space and a 5-story parking garage. “LaCenterra is on the heels of its 10th anniversary celebration, so breaking ground on the Final Phase shortly after is very meaningful and important not only for us, but for the Katy community,” said Woody Mann, President of Vista Equities Group. “We are thrilled to see our development continue to grow and to welcome Alamo Drafthouse Cinema, along with many other exciting new tenants, to LaCenterra at Cinco Ranch.”


Representatives from The Vista Companies; Triple Tap Ventures, owner and operator of Alamo Drafthouse Cinema in Houston metropolitan area, Lubbock and El Paso; and Tribble & Stephens, which is leading construction efforts for the Final Phase,  made the initial dig and commenced construction of the project. “We are thrilled to work alongside The Vista Companies to help them bring their superior vision to life for the Final Phase of LaCenterra. Over the last decade, the mixed-use development has done so much for the Katy community - we are proud to help continue this legacy and look forward to what it will bring in the next 10 years.” Said Van Martin, Chairman and CEO of Tribble & Stephens.

Alamo Drafthouse Cinema is one of the newest and most talked about tenants to join the Katy development. “Bringing Alamo Drafthouse to LaCenterra is exciting for us, as we’ll have the opportunity to provide our guests Alamo Drafthouse’s signature, one-of-a-kind movie going experience in a brand new, state-of-the-art movie theater inside a world-class mixed use development,” said Neil Billingsley-Michaelsen, President and CEO of Triple Tap Ventures LLC.

The new Alamo Drafthouse LaCenterra will have eight auditoriums with luxury seating and full in-theater dining service. The Alamo Drafthouse Cinema LaCenterra will screen new releases, classics, independent films, foreign movies and Alamo Drafthouse’s unique signature programming.  All theaters will also feature 4k digital projection and state-of-the-art digital surround sound. Additionally, each auditorium will eliminate the traditional front row, ensuring every seat in the house allows for a great viewing experience. The theater will have an adjacent bar/lounge with outdoor patio seating, serving up a large selection of craft beers on tap and handcrafted cocktails designed by award-winning Beverage Director Bill Norris.


The Final Phase will be located on the southeast side of LaCenterra at Cinco Ranch. Construction of the Final Phase, including Alamo Drafthouse Cinema, is anticipated to be complete in early 2018.

 

 

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About LaCenterra at Cinco Ranch

LaCenterra at Cinco Ranch, located at 23501 Cinco Ranch Boulevard, Katy, Texas, is a 34-acre, over 360,000 square foot mixed-use development on the western edge of metropolitan Houston right off the Grand Parkway, three miles south of I-10. LaCenterra provides a balance of nationally recognized stores, eclectic shops and dining options that showcase unique local and regional flair.  The property is nestled in the heart of Cinco Ranch, one of the nation’s top-selling master planned communities. Center hours: Monday-Saturday, 10:00 a.m. – 9:00 p.m. and 12:00 p.m. – 6:00 p.m. on Sundays. Individual retail and restaurant hours may vary. For more information, visit www.LaCenterra.com or connect with LaCenterra at www.Facebook.com/LaCenterra, Twitter @LaCenterra, and Instagram @LaCenterra.

 

About The Vista Companies

Established in 1985, the Vista Companies is a Houston‐based real estate services group specializing in real estate development, brokerage, leasing and property management. The company is comprised of Vista Equities Group, Vista Management Company and Vista Brokerage Services. Vista Equities focuses on the development of new properties and the acquisition of existing income‐producing properties, while Vista Management provides leasing and property management services for third party owners and Vista’s own investment partnerships. The newly formed Vista Brokerage Services secures existing properties for Vista and provides brokerage services for third party owners. Combined, senior development and property management teams represent over a century of experience in the Texas real estate market. For more information on the Vista Companies, visit www.vistahouston.com.

 

About Amstar Group

Established in 1987 and headquartered in Denver, Colorado, Amstar is a real estate private equity company that acquires, develops and manages all major property types in the United States and in select international markets. Amstar focuses on investing in high-quality and well-located properties with value-add risk profiles in the United States while pursuing opportunistic