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NEWPORT BEACH, CA-Marshall Property & Development LLC is planning to renovate two Newport Beach towers totaling nearly 50,000 square feet into a mix of high-end townhouses, penthouses, shops and offices.

The first of the two towers to be redeveloped will be the five-floor, 21,000-square-foot office tower at 3388 Via Lido. Construction is anticipated to commence in Q1 2011. The second tower at 3355 Via Lido will be converted into a three-floor, 17-home townhouse community. For the full story, go to Orange County Business Journal.

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