The project's first phase will contain about 175,000 sf. Construction is scheduled to begin in first quarter 2001. "Stores are planned to include popular home and gift retailers, women's apparel and specialty stores and high-end restaurants," says Michael Richmond, president of The Woodlands Operating Co., which is the developer of the shopping center and the master-planned community. The Woodlands Operating Co. is a joint venture of Morgan Stanley Partnership and Crescent Operating Co., an affiliate of Crescent Real Estate Equities.

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