On Thursday morning, a construction worker sat atop a three-story steel structure, hammering pieces together. Across from him, another man worked from a United Rentals boom lift, wearing a bright orange T-shirt.
If you haven’t noticed, construction is under way for Tivoli Village’s second phase.
The three-story structure has been erected adjacent to Charming Charlie, the first piece of the project that is scheduled to be fully complete and open in spring 2015.
“I heard somebody say earlier that sounds like a long ways off. It’s not a long ways off. When you go through the construction process, it takes a little bit of time. When you go through the leasing process it takes a little bit of time,” said Tivoli Village President Patrick Done.
The new piece will comprise 200,000 square feet of retail and restaurant space and 70,000 square feet for offices. It’s being built next to the children’s park on the other side of the facade.
Although no official tenant announcements have been made, the second phase will feature more national retailers and less locally owned stores. Unconfirmed reports around the center have alluded to a new Apple Store and a Victoria’s Secret coming in. Also expect the second phase to be less heavy on food and beverage. The center’s first phase is about 32 percent devoted to dining.
Ultimately, Tivoli Village, 440 S. Rampart Blvd., will encompass more than 650,000 square feet when the second phase is finished. About $700 million will have been put into the project when all is said and done.
Tivoli is owned by IDB, a holding company based in Tel Aviv, Israel. The Las Vegas center is part of a subsidiary corporation called PBC.
“We are seeing an increased attraction to the market from national retailers, making this an opportune time to continue our construction in a more aggressive way,” Done said.
Tivoli’s traffic counts are up 30 percent this year over last, and occupancy stood at 88 percent in late August.
“(The second phase) gives us more places to eat and more places to shop and a more exciting environment in which to do business,” said attorney Bob Kolesar, whose law practice is housed at Tivoli.
Across the street, Fry’s Electronics is slated to take over the 50,000-square-foot former Great Indoors space at Boca Park, 700 S. Rampart Blvd., but there’s currently no set opening date. No one with Fry’s or Boca Park could be reached by press time.
Contact reporter Laura Carroll at firstname.lastname@example.org or 702-380-4588. Follow @lscvegas on Twitter.