The last thing most industry folks want to hear about is another big furniture show. But that’s exactly what Chinese furniture retailer and real estate developer Zou Wenlong is talking about. His proposed Shanghai market could be one of the largest in the world by buildout in 2010.
Mr. Zou, who owns at least eight retail furniture malls in Shanghai and other cities, has proposed a $380 million Global Housing & Furnishings Purchase Center in Shanghai. The complex would have about 7.5 million square feet of showroom space, as well as several hundred thousand square feet of offices, a furniture museum, an information center and design club.
The plan also calls for a 200-room hotel plus onsite dining and entertainment. A 2 million-square-foot logistics center would be about two miles away from the main complex.
Zou plans his first fu...Read More