Economy has impacted timing, says developer
By HELEN ERIKSEN CHRONICLE CORRESPONDENT
The LaCenterra retail center development in the heart of Cinco Ranch, is preparing to expand despite the sluggish economy, developers say.
The 34-acre mixed-use project, which opened its first phase in spring 2007, is being built in three phases over several years, developer Woody Mann Jr. of Vista Equities Group said. Facilities include upscale retail, office and medical leasing space. The planned expansion will include about 250 one-and two bedroom residential units.
“We’ll definitely proceed with the second phase of the development, but the timing has certainly been impacted by the state of the economy, as has the status of most development in the planning stage,” Mann said. (more…)



