Developers float Manhattan med mart concept

By Geert De Lombaerde Posted on July 1, 2009 at 2:47 pm

And they appear to have a big headstart on efforts in Cleveland and Nashville, with Cardinal Health, Zimmer and others already having signed deals.

Excavation on the World Product Centre site is scheduled for November, with construction finishing in 2013. WPC will license about one-third of the pavilion space and use the proceeds as collateral on a construction loan. “Marketing and development is–and will continue to be–financed by private equity,” says Michael Resnick, WPC’s executive vice president. “We are confident that we will have the financing in place to obtain a construction loan.”

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Tags: conventions, economic development, medical equipment, World Product Centre  

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