US real estate builder Federal Development has been selected by the French public development agencies EpaMarne and Epic de Marne la Vallée to develop 160,000 m[sup]2[/sup] of commercial space as part of a large mixed-use project at the Cité Descartes site in Marne-la-Vallée, near Paris. The project will mostly consist of office, hotel and retail accommodation, French magazine Business Immo reported.
US real estate builder Federal Development has been selected by the French public development agencies EpaMarne and Epic de Marne la Vallée to develop 160,000 m2 of commercial space as part of a large mixed-use project at the Cité Descartes site in Marne-la-Vallée, near Paris. The project will mostly consist of office, hotel and retail accommodation, French magazine Business Immo reported.
Phase one of the development is expected to start in October 2010, with delivery planned for 2013. The first development stage will consist of 50,000 m2 of commercial space, including 20,000 m2 for office use, 15,000 m2 for hotel accommodation and some 9,000 m2 for retail use.
