EDI Group Plans Mixed Use Development

UNITED KINGDOM - Edinburgh Council’s property development and investment business has submitted plans for a 687,000 sq ft mixed-use development in Edinburgh’s Fountainbridge area.

The plans include 350 housing units, a 130-bedroom hotel, offices and 48,175 sq ft earmarked for retail and food and drink, including a 23,000 sq ft supermarket.

There are also two arts venues planned for the area.

The 8.2 acre site, to the south of Fountainbridge, borders the Union Canal and has been out of use since 2004.

Major Houston shopping center for sale

HOUSTON — Marq*E Entertainment Center (located at I-10 and Silber) partially owned by Earvin “Magic” Johnson — is up for sale.

The property could attract bids of about $90 million, a recent report said. The center is owned by Los Angeles-based Canyon-Johnson and Houston-based Fidelis Realty Partners. They purchased the center in 2006 for $47 million.

A couple years ago, the owners completed a $15 million renovation of the 350,000-square -foot property, which included demolishing of part of the building to make it more open and increase visibility to the stores and restaurants.

Jones Lang LaSalle is marketing the property, which is 96 percent occupied. Major tenants include LA Fitness, Dave & Busters and Regal Cinemas.

Houston's City Centre Is a Hit

HOUSTON - City Centre mixed used commercial development has quickly become a main attraction in Houston, Texas.

City Centre Continues to Drive Development in West Houston

HOUSTON - Just a few years ago Town and Country sat at the crossroads of Interstate 10 and the Sam Houston Tollway, major North-South and East-West corridors that could potentially funnel two million people to the site within 20 minutes, adjacent to one of the wealthiest ZIP codes in Texas.

What emerged in mid-2009 was CITY CENTRE, a distinctive mixed-use development that has drawn upscale retail shops and world-renowned restaurants, plus corporate tenants and discerning individual residents.