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Article: XANADU'S LEISURE EXPERIENCE.(retail-entertainment complex in Madrid, Spain)
- Article from:
- WWD
- Article date:
- July 2, 2003
- Author:
CopyrightCOPYRIGHT 2003 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MADRID -- Kubla Khan's fictional pleasure dome has nothing on Madrid Xanadu, the Spanish capital's vast retail and leisure complex that opened here in mid-May.
"This is a place you can come to and just be," said Larry Siegel, chairman and chief executive officer of Mills Corp., the real estate investment trust that is 66.7 percent owner of the new project. "People shop during their leisure time so we are making that [leisure] experience a consumer opportunity."
Xanadu contains a 1.4 million square-foot shopping mall shaped like a racetrack with 280 tenants, including 240 retailers, and an indoor snow park -- Spain's first -- featuring a ski slope ...