An artists rendering of "Dream Center," an entertainment and cultural center in Shanghai.

An artists rendering of "Dream Center," an entertainment and cultural center in Shanghai. (DreamWorks Animation / August 10, 2012)

It could become Shanghai's version of the Broadway theater district in New York or the Champs-Elysees in Paris.

At least that's the grand vision of Oriental DreamWorks, the joint venture between Glendale-based DreamWorks Animation and China's largest media companies that unveiled plans this week for a $3.1-billion entertainment and cultural center in the heart of Shanghai.

The six-block area, called "Dream Center," will include shops, offices, cinemas, theaters and restaurants on a largely undeveloped parcel of prime waterfront land.

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