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When the Capitol Visitors Center finally opens, Congress will have an underground amusement park ready for its 4 million annual visitors. The 580,000 sq. ft. facility, located under the east lawn of Capitol Hill, will feature two "orientation" movie theaters, two gift shops, a museum, an auditorium, 26 public restrooms and the largest cafeteria in Washington. Lawmakers will use the facility to hold press conferences, luncheons, and even to vote when the House or Senate needs renovating. The floors will be made of Tennessee marble, the walls of Pennsylvania sandstone and several doors of pure bronze. The plaza above...
...February American casino operator Las Vegas Sands broke ground there on what will be the city's first integrated resort, scheduled to be completed in 2009. Beyond gambling, the Marina Bay Sands-composed of three nearly identical 50-story towers-will offer 2,500 hotel rooms, 93,000 sq m of convention space, two theaters, an ice-skating rink, shops and restaurants. A revitalized waterfront will sport the world's tallest Ferris wheel, miles of walkways and a 100-hectare botanical garden. To help bring in tourists, Singapore recently announced it had cut a deal to become a stop...
...Then there's what is arguably the capstone of the Sentosa initiative: Sentosa Cove, Singapore's first waterfront property development and also its first gated community. Each of its approximately 600-sq-m lots will soon sport luxury homes costing up to $20 million, each with infinity pools and private boat berths. Mixed in with the single-family homes will be four condominium complexes, a five-star hotel and a megayacht marina...
...government in 2002 ended a longstanding gambling monopoly and touched off construction of a spate of new casinos, resorts and residential projects. Singapore's actions are having a similar effect. Development is booming and property prices have been soaring. Upscale home prices that averaged about $8,500 per sq m two years ago are expected to reach more than $21,300 per sq m this year. Developers are piling into the market. Beyond Sentosa, several new luxury residential projects have gone up around the city in the past year, and units are selling out at record prices within hours...
Fired up by demand like that, Topshop is all set to go it alone. Days after the Barneys launch, Green announced plans to invest $100 million in Topshop's first three stand-alone stores in the U.S.--including a 70,000-sq.-ft. flagship in New York City--next spring. Topshop's U.S. adventure is the latest charge for growth among fast-fashion retailers, which specialize in constantly updated collections of cool clothing at prices so low the clothes are almost disposable. Over the past nine years, Topshop has carved an enviable niche atop this sector in Britain by appealing...