Medical Product Centers Planned for New York City, Cleveland 4374

September 1, 2007

2 Min Read
Medical Product Centers Planned for New York City, Cleveland

BUSINESS NEWS

Organizations in Cleveland and New York City have emerged with separate yet similar plans to construct massive exhibition and conference complexes targeted specifically at the medical manufacturing industry. Both projects—which have yet to break ground—call for hundreds of thousands of square feet to be dedicated to permanent medical device and equipment showcases, as well as space for medical education activities.

Although both projects have been in the planning stages for years—and are still several years out from their anticipated completions—they've each received their fair share of attention recently due to the achievement of significant milestones. Both parties, although acknowledging that the significant size of the medical product market provides room for competition, tout their respective locations as being key to their anticipated success.

On August 1, the World Product Centre LLC (WPC; New York City) announced an agreement under which it will begin to offer medical device makers worldwide licensing and lease agreements in a new million-square-foot permanent exhibition and conference complex to be located in midtown New York City.

Construction for the building is expected to commence at the beginning of 2009 and be completed by 2012. For more information, visit www.worldproductcentre.com.

Meanwhile, Cleveland officials are moving forward with a joint plan proposed by the city and Merchandise Mart Properties Inc. (MMPI; Chicago) for not only a new convention center, but also a medical mart that would offer permanent showroom space for suppliers and exhibitions in the healthcare industry. The trade show facility and medical mart would likely be located directly adjacent to or in close proximity to one another as a means of attracting traveling medical shows that will want to colocate with the medical mart.

MMPI says that large medical product manufacturers could save tens of millions of dollars annually in their trade show exhibiting costs by securing space in a Cleveland-based medical mart that would allow them to participate in multiple healthcare trade shows out of a single showroom.

For more information, please visit www.merchandisemart.com/clevelandmedicalmart.

Sign up for the QMED & MD+DI Daily newsletter.

You May Also Like