Target announced plans for the store in 2018. The outpost is located where the Smith & Wollensky steakhouse building formerly stood.
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Employees will continue to receive benefits and pay during the closure, which is set to last through at least March 31.
Developer David Daneshforooz and Shopoff Realty Investments teamed up to acquire a 5.25-acre plot of land on Las Vegas Boulevard just south of Russell Road for $21 million.