Urban Retail Properties And MGM To Launch Global Theme Projects
MAY 22, 2006 -- Urban Retail Properties, Chicago, will soon announce a plan to partner with MGM to develop retail theme projects to launch in the United States and in South Korea and China. According to Retail Traffic, MGM and Urban Retail Properties plan to build six mixed-use projects that will take their theme from MGM's movie television properties. The first confirmed project will launch in Buson, Korea in 2009 or 2010, featuring a 700-acre theme park based on MGM's intellectual properties, consumer products and film library. Ross Glickma, Urban's chairman and CEO, told Retail Traffic the projects will have restaurants, stores, on-site film academies and other attractions based on MGM's 4,200-film library and television properties. Thinkwell Design & Production, known for their themed-retail environments, will also be working with Urban Retail Properties and MGM. "
Note: Looks like retail purchases and research is moving online while retail "experiences" are growing into big, big multimedia extravaganzas.
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