MADRID, Dec. 1, 2016 /PRNewswire/ -- The Cordish Companies' Global Cities Madrid Live!, SA affiliate submitted plans to the Madrid Regional Autonomous Government to develop Spain's first Integrated Entertainment Resort Destination in the city of Madrid.
The proposed $2.2 billion integrated resort and entertainment district will be located on approximately 300+ acres in the Torres de la Alameda sector of Madrid, offering unparalleled proximity to major infrastructure and attractions, including IFEMA, the Madrid Atocha Train Station, Barajas International Airport, and the Madrid City Center, making the site easily accessible to the majority of the population in Spain, and allowing the majority of the western European population to access the site by air, car and/or train in less than two hours. Joe Weinberg, Managing Partner, The Cordish Companies, Global Cities affiliate said: "The Live! Integrated Resort & Entertainment District in Madrid is one of the most exciting and unique integrated resort & entertainment developments in Europe that will not only enhance the regional resort and entertainment markets, but also serve as a major domestic and international tourism destination. We look forward to working with the Madrid Regional Autonomous Government and the entire community as we move forward on our proposal to develop the region's first world-class integrated resort destination." The Live! District, at full build-out, will include up to 2,700 new hotel rooms, including destination spas and lagoon style pools; more than 1,000,000- square- feet of retail and shopping outlets; nearly 170,000- square- feet of dining venues, offering Mediterranean, French, Asian, American and regional Spanish cuisine; nearly 275,000- square- feet of convention and meeting space; approximately 450,000- square- feet of luxury prime office space; approximately 125,000- square- feet of gaming entertainment; and approximately 200,000- square- feet of entertainment and live performance venues, including Broadway-style theaters, Comedy Clubs, bowling, live music venues and movie theatres. The Great Central Plaza at the heart of the Project will include a large Mercado, specialized bars, lounges, dance clubs and cafes.