Meanwhile, the company continues to pursue domestic growth, withpotential projects in Port St. Lucie, FL, and north Atlanta addedto the pipeline.
The company's Asia division was launched in 2005 with headMorgan Parker "and a Blackberry," said Robert Taubman, chairman,president and CEO. Now, the 15-person office is working on jointventure projects Macao Studio City in Macao, China, and the1.2-million-sf retail and entertainment complex in New Songdo City,Incheon, South Korea. The office could eventually reach the25-person mark as the developments evolve to an operationalplatform, Taubman said.
"Both properties are part of extraordinary developments byhighly respected international organizations," Taubman said. "Thepotential for Taubman Asia is to exceed the annual growthcontribution made by our domestic developments."
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