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HOUSTON-Nearly three years after buying 37 acres in the Memorialsubmarket, a local developer has begun to move dirt on the$500-million CityCentre. Initial phases of the 1.1-million-sfmixed-use project will be complete by summer 2008, with a500,000-sf office building and 217-room hotel slated to be up andrunning by the end of next year.

With Midway Cos. as its developer, CityCentre's master plancalls for 400,000 sf of retail, restaurants and entertainment;500,000 sf of class A office space; 375 multifamily units, 250urban lofts and 40 brownstones in addition to the class A officeand hotel. Valencia Group of Houston is the hotel developer. Theproject will include a 140,000-sf Lifetime Athletic Club, an urbanprototype of Lifetime Fitness Inc. headquartered in Eden Prairie,MN. Other tenants on board are Studio Movie Grill and EddieV's.