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SUGAR LAND, TEXAS — Planned Community Developers is advancing construction for Lake Pointe Village, the retail component of the 190-acre Lake Pointe Town Center mixed-use development, located at the intersection of highways 6 and 59 in Sugar Land. Phase I was recently completed and is currently 100 percent leased to a tenant roster that includes Potbelly Sandwich Works, FedEx Kinko’s, Charles Schwab, Zounds Hearing, Sprint, Hinz Jewelers, Emmanuel Salon, Massage Heights, Isle Pedi Spa, Pearle Vision, Sugar Cycles, Snip-its, Texas Running Co., Hest Fitness, Natural Pawz, Kalologie Skincare and Mattress Expo.

Phases II and III are also under way. Phase II comprises a 43,539-square-foot addition that will include an expansion of the existing, Whole Foods-anchored shopping center, as well as the construction of two freestanding buildings. Leases for this phase have already been signed with Azuma Sushi & Robata Bar, Five Guys Burgers & Fries and Mission Burritos. Phase II is scheduled for completion in the first quarter.

Phase III will include the construction of two multi-tenant restaurant buildings totaling 20,107 square feet that will be situated along the center’s waterfront boardwalk fronting the 37-acre Brooks Lake. Post Oak Grill has already signed a lease for this phase, which will be completed in late 2009. A 10,000-square-foot medical/office building will also be constructed as part of this phase.

In addition to the 225,000-square-foot retail component, Lake Pointe Town Center will contain 140 townhome and brownstone residences, 150 single-family homes and more than 1 million square feet of office and medical space. It is anchored by the existing, 1.2 million-square-foot Fluor Corp. headquarters.

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