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CITYCENTRE District to Embark on Largest Expansion Since 2009 Debut

Press Release | 09.01.2014

HOUSTON, TX – September xx, 2014 – CITYCENTRE, Houston’s most successful, pedestrian-oriented mixed-use district, is again poised for substantial growth through a newly-expanded partnership with LaSalle Investment Management, a leading global real estate investment manager. On October 1, Midway, a privately owned, fully integrated real estate investment and development firm, will begin marketing – through Colvill Office Properties – the office component of a 6.41-acre extension that will increase the leasable size of CITYCENTRE by approximately fifty percent and push the district’s northern boundaries to Interstate 10. The initiative will encompass 740,000 square feet of office space developed to LEED Gold standards; a 285,000-square-foot, multi-family high-rise, 22,400 square feet of ground-floor restaurant/retail and a one-acre central green space.

According to Jonathan Brinsden, CEO of Midway, “We are excited about the opportunity to create new landmarks that continue to set CITYCENTRE apart in Houston and reinforce the district’s prominence as a community gathering place and a key catalyst for West Houston.”

Located immediately north of CITYCENTRE FIVE, a 15-story, 200,000-square-foot project under construction at 825 Town & Country Way, CITYCENTRE Towers 1 and 2 will provide direct frontage to the Interstate 10 access road at Town & Country Boulevard. The buildings will rise 16 stories and incorporate nine levels of parking plus fourth-floor roof terraces. Typical floor plates will average approximately 26,000 square feet, and space will be adaptable for shared-floor, single-floor or multi-floor configurations.

The 13-story, multi-family structure with 270 units will set a new standard for luxury rental residences in the area. One, two and three-bedroom floor plans will showcase an inviting, modern aesthetic with open spaces that take advantage of abundant natural light. Designer finishes, premium appliance and fixtures, integrated parking and a rooftop amenity deck with a swimming pool will be among the features.

Designed to anchor both the office and residential components, exceptional green spaces with two, signature water elements are envisioned to support corporate events, product launches plus customer appreciation and community initiatives. The park will create a distinctive environment and centerpiece for this section of CITYCENTRE and will be ringed by street-front retail venues and restaurants with expansive patios, which have become a hallmark for the district.

In close proximity to the Energy Corridor and adjacent to the Westchase business district, CITYCENTRE is situated in the heart of the Memorial neighborhood and one of the wealthiest zip codes in the country. The best of class, mixed-use community was designed around a thoughtfully curated mix of premier, local and national retail, restaurant and entertainment offerings. Community highlights include two hotels, state-of-the-art meeting and event space and a central plaza with year round programming. Unveiled in 2009, CITYCENTRE attracts nearly 20,000 visitors a day.

“From CITYCENTRE’s location at the axis of two of Houston’s most vital traffic arteries to its mix of business, leisure and residential elements, Towers 1 and 2 offer an incomparable address for companies looking to attract and retain staff in this highly competitive market,” said Shon Link, Midway’s Executive Vice President, Development.

About CITYCENTRE
Developed by Midway, CITYCENTRE is a thoughtfully planned and meticulously executed self-contained community of sophisticated retail, elegant dining, Class-A office space, luxurious brownstones and lofts, upscale apartments and the 266-room Hotel Sorella, a world-class hospitality and conference facility. Surrounded by European-style open-air plazas and beautifully designed green spaces, CITYCENTRE is also home to Life Time Athletic, a state-of-the-art urban fitness facility and spa and Studio Movie Grill, an eight-screen premier cinema. For more information, please visit www.citycentrehouston.com. For more information about Midway, please visit www.midwaycompanies.com.