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Dine-In Theater to Anchor Final Phase of Vista’s LaCenterra Development

Rendering of La Centerra's final phase, which will be anchored by an Alamo Drafthouse cinema.

Rendering of La Centerra’s final phase, which will be anchored by an Alamo Drafthouse Cinema.

HOUSTON — Houston‐based developer Vista Equities Group and Amstar Group, its equity partner, are preparing to start development on the final phase of its LaCenterra at Cinco Ranch mixed-use development on the Grand Parkway.

The last phase will be anchored by a 37,000 SF Alamo Drafthouse Cinema, which will have eight auditoriums and an adjacent bar with outdoor patio seating.

LaCenterra’s final phase will also include 7,500-SF of retail space and a six-level parking garage. When completed, LaCenterra, which is three miles south of Intertate 10, will have 410,000-SF of space. About a year ago, a Trader Joe’s grocery opened in the project. Martin Fein Interests also developed a 271-unit, four-story multifamily building there, called The Grand at LaCenterra.

Vista, founded in 1985, is led by veteran Houston developer Woody Mann. Denver-based Amstar Group, a private equity group, is a partner in LaCenterra. Triple Tap Ventures LLC owns and operates the Drafthouse Cinema locations in the Houston metropolitan area, Lubbock and El Paso.

The dine-in cinema will be under construction in March and it is expected to open in the Spring of 2018.

Jan. 16, 2017 Realty News Report Copyright 2017

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