Developer Taubman Asia will work with Melco Crown Entertainment LTD on Studio City on the Cotai Strip in Macau. The 300,000-square-foot Boulevard at Studio City -- part of a $3.2 billion casino resort -- will feature a design inspired by Times Square and Beverly Hills.
The Taubman Group might invest in a $500 million shopping center in Macau. The Macao Studio City would contain a casino, Playboy Mansion and luxury retail, if a Hong Kong media company can raise more cash to fund the development. "We consider Macao Studio City the best retail opportunity in Macau, so we are keen to remain associated with the project if Cyber One is able to secure financing," said Morgan Parker, Taubman's Asia president.
H&M, the third largest clothing retailer in the world, is gearing up for an aggressive expansion effort in Japan. The company will open its first Japanese store in Tokyo on Sept. 13 and is eyeing retail sites in regional shopping centers for additional locations.