Tuesday, April 20th, 2010
Below is an article about our president, Rick Hill, reprinted from the Courier-Journal.
Run or draw.
That was a decision Rick Hill had to make as an undergraduate at the University of Kentucky nearly 40 years ago. A native of Bardstown, he wanted to be an architect but when he signed up for classes and found that mandatory studio times conflicted with running, he picked running.
“I made a career decision right there,” he recalled.
Maybe not so much.
Despite a long career in marketing shopping centers from his base in Charlotte, N.C., and a lifelong interest in running, Hill never lost his urge to design. He just reinvented himself as a real estate strategist and designer.
(more…)
Tags: design, marketplace crafting, Real Estate, Retail Changes, Rick Hill
Posted in Company News, Industry News, Real Estate, Retail, Shopping Centers, Specialty Retail | 2 Comments »
Thursday, November 5th, 2009
When I heard that Louis Vuitton was opening a store in Mongolia’s capital, Ulaanbaatar, last month I was completely intrigued by this unexpected announcement. So I decided to research and came across some interesting information that has shed light not only onto Louis Vuitton’s decision but the luxury market as a whole.
(more…)
Tags: Louis Vuitton, luxury, Mongolia, recession, Retail
Posted in Real Estate, Retail, Specialty Retail | No Comments »
Thursday, October 29th, 2009
It seems like everywhere you look, retailers are closing shop and filing bankruptcies, and empty storefronts are lining the streets. Last year we saw the closing of retail giants, Circuit City and Linens N’ Things, and luxury retailers such as Versace also closed stores around the world. So why is it that Legoland Discovery Center, an attraction centered on the LEGO building blocks, is opening stores in Chicago, Dallas and Atlanta?
I believe Legoland sees an opportunity in the recession because consumers are looking for free or affordable cost entertainment in their malls. This trend also corresponds to a consumer who expects their news to be free on the web. Consequently, we see malls across the globe add entertainment and amusement venues to draw consumers who have relegated shopping to obligatory time, which is something close to work. These consumers are bored with the same stores in every mall and with higher gas prices, lost home values and depressed 401K accounts they do not have the funds for a shopping spree.
(more…)
Tags: bahrain, Disney Store, Dubai, entertainment, lego, Legoland, mall of emirates, malls, shopping center, shopping mall, ski dubai, wahoo water park
Posted in Culture, Real Estate, Retail, Shopping Centers | 2 Comments »
Wednesday, October 28th, 2009
Reprinted from Atlanta Journal Constitution
A Legoland Discovery Centre – a small indoor attraction based on the tiny plastic brick children’s toys from Denmark – is being planned for metro Atlanta, a broker said Friday.
The company that will develop it – Merlin Entertainment Group of the United Kingdom – may also seek to bring its wax museum brand — Madame Tussauds — to Atlanta, said Howard Samuels, the company’s national broker with Samuels & Co. in Los Angeles.
The location for the Legoland attraction – which would charge admission of $15 for kids and $19 for adults – is still in negotiations, Samuels said. The attraction would include an Atlanta skyline made of Legos.
(more…)
Tags: amusement, Atlanta, entaintment, lego, Legoland, world of coke
Posted in Industry News | No Comments »
Wednesday, October 28th, 2009
Reprinted from The Telegraph
Calcutta has the potential to house 10 amusement parks, but has only two such crowd-pullers — Nicco Park and Aquatica. While South India boasts of 30-35 fun parks, the eastern region has just seven of the 120 in the country.
This was the talking point at a meet organised by the Indian Association of Amusement Parks and Industries on Saturday in Nicco Park.
“The process (of setting up amusement parks) was speeded up in the south because of government support,” said N.D. Rana, the president of the association, formed 13 years ago to promote the industry.
(more…)
Posted in Industry News | No Comments »
Wednesday, October 28th, 2009
Reprinted from The Cairns Post
A $2 billion resort plan for Cairns including a theme park, film studio, water park and hotels, has been unveiled this afternoon.
Proponent Tropical Resort Developments Pty Ltd said building on the Edmonton development could start as early as 2011, and would take 10 years to complete.
The major project still needs approval from the State Government.
The new project plans come as Cairns Regional Council prepares to vote on a controversial proposal for a waterslide theme park at Smithfield.
Tomorrow’s council vote comes after council planners recommended a proposed $35 million water park Adventure Waters be rejected.
Tags: amusement park, Australia, Cairns, film studio, hotels, theme park, Tropical Resort Developments, water park
Posted in Industry News | No Comments »
Wednesday, October 28th, 2009
Reprinted from North County Times
A proposal to build a 254-room, Lego-themed hotel at the Legoland California amusement park won the support it needed Tuesday from the Carlsbad City Council.
The state’s Coastal Commission also is expected to soon sign off on the plans, but when construction will begin is uncertain, project backers said, adding that it depends on national economic conditions.
“We need to see signs of recovery first,” Legoland general manager Peter Ronchetti told the City Council. (more…)
Tags: amusement, amusement park, hotel, lego, Legoland, Legoland Hotel
Posted in Industry News | 1 Comment »
Wednesday, October 28th, 2009
Reprinted from Star-Telegraph
A $12 million Legoland Discovery Centre, an attraction centered on the popular children’s building blocks, will be coming to Grapevine Mills mall, the city said Tuesday.
The only other U.S. Legoland Discovery Centre opened last year outside Chicago. Legoland Discovery Centre and the Legoland theme park in California are developments of U.K.-based Merlin Entertainment Group, reportedly the world’s second-biggest operator of visitor attractions.
The Grapevine City Council and the board of the Tax Increment Financing District No. 1, which was established several years ago for the mall, approved a two-phase, $1 million incentive package for the project. Merlin Entertainment will receive $500,000 when it completes the facility and $500,000 when it completes an accompanying 10,000-square-foot miniature golf facility made from Legos. (more…)
Tags: amusement, Dallas, entertainment, Grapevine, lego, Legoland, shopping mall
Posted in Industry News | 3 Comments »