Magic Johnson Riding to the Rescue of Houston Pavilions

Categories: Spaced City

magicccUSEE.jpg
It's showtime, or magic time, or something.
The company partly owned by LA Laker and Rocket-killer Magic Johnson has purchased the semi-troubled downtown Houston Pavilions, according to an announcement today.

Canyon-Johnson Urban Funds will take over the project, which covers three city blocks and includes the House of Blues, Forever XXI, McCormick & Schmick's and Lucky Strike.

The Johnson firm and Midway "will invest additional funds to revitalize the property," which has not quite taken off as the downtown-booster it was initially envisioned as a few years ago.

Steps have been announced before -- NBC Sports, for instance, has said it's considering placing a studio there with a view to the city streets, so fans can get the unutterable thrill of standing in front of a camera waving a "Hi, Mom" sign.

Johnson and CJU managing partner Bobby Turner issued a joint statement: "We are both proud to be investing in Houston again, and to be partnering with Midway to maximize the potential of such an incredible mixed-use asset. The support we have received from the City of Houston's leadership makes projects like this a possibility."

No dollar figure for the transaction has been released.

CJUF also has the Marq*E Entertainment Center, and the way it describes the Pavilions makes it seem a no-brainer:

n area that is currently experiencing a renaissance due to $3 billion in new development over the last decade, along with a particularly strong leasing market and the City's desire to re-energize the central business district. The Toyota Center, Minute Maid Park, the George R. Brown Convention Center and several upscale hotels are also nearby. The property is also steps away from the Main Street Light Rail system, which traverses 7.5 miles through Downtown Houston.

Of course, it was a no-brainer to those who came before CJUF, too.

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Houston Pavilions

1201 Fannin St., Houston, TX

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18 comments
KD Davis
KD Davis

He better not put one of this Magic Johnson theaters in there.

Jaclyn Greer
Jaclyn Greer

Love a lot of these suggestions! Also a PJ's Coffee, Dunkin Donuts, or Coffee Bean and Tea Leaf...downtown needs some good iced coffee!

pruiz986
pruiz986

@ConnorBarwin98 ur first victim has been announced!!! Ryan T

Mark Cruz
Mark Cruz

Have something similar to the Texans Grille! Will be an instant success.

CraigHlavaty
CraigHlavaty

@ConnorBarwin98 Great game Saturday night, duder.

jake9790
jake9790

@ConnorBarwin98 He owns a hotel here too...guys more involved in Houston than most people realize.

hchoffman
hchoffman

@ConnorBarwin98 @HoustonPress I hope @MagicJohnson can work his Magic! And, as always, keep it up 98! #BullsOnParade #NOLAbound

ConnorBarwin98
ConnorBarwin98

@CraigHlavaty gotta get you a little better seats next time

CraigHlavaty
CraigHlavaty

@ConnorBarwin98 Ha! Me and my brother got them from my mom's boss. I also bought a foam Texans finger because I am 8 years old.

HlavatyJake
HlavatyJake

@ConnorBarwin98 @craighlavaty it was kickass sir. Loved the tackle in the beginning you did.

DunnoftheDead
DunnoftheDead

@CraigHlavaty @connorbarwin98 I'll be front row for Miami with @WeirdWeezie! Come say hi!

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