May 10th, 2006

PLANNED COMMUNITY DEVELOPERS, LTD. WELCOMES WHOLE FOODS MARKET® TO SUGAR LAND

-Sugar Land Location to Represent One of Largest Whole Foods Market Stores
in Houston area-

SUGAR LAND, TX (May 10, 2006) – Planned Community Developers (PCD) is pleased to announce that Whole Foods Market®, the world’s leading natural and organic foods supermarket, will open a store in Lake Pointe Town Center, Sugar Land’s premiere mixed-use planned development.

Executives of Whole Foods Market recently signed a lease to occupy approximately 55,000 square feet of Lake Pointe Village, a new retail center to be constructed at the intersection of State Highway 6 and U.S. Highway 59.

PCD conducted a grassroots survey in 2005 to find out how much Sugar Land residents wanted a Whole Foods Market location in the area. The survey yielded an unprecedented 18.2 percent response rate.  In the history of Sugar Land development, the most successful stores yielded only half that response rate in similar surveys.

“We are very excited to attract Whole Foods Market to Sugar Land,” said Les Newton, President of Planned Community Developers, LTD. “A Whole Foods Market store is consistent with our vision for Lake Pointe Town Center:  to create a vibrant, urban village offering a complete attractive lifestyle for its residents and employees.”

Scheduled to open in fall 2007, the Sugar Land location will represent one of the largest natural and organic foods supermarkets in the Houston area. Currently, Whole Foods Market has more than 180 stores nationwide and internationally, including four locations throughout Houston.

“Whole Foods Market is excited to be part of the Sugar Land community,” said Mark Dixon, Southwest Regional President of Whole Foods Market. “With its urban design, and the high number of our shoppers living in the area, Lake Pointe Town Center is a great fit for a new location.”

Stan Creech of Stan Creech Properties represented Whole Foods Market in the lease transaction; Bruce Frankel, Director of Retail Leasing for PCD, represented Planned Community Developers, LTD.