Completion of retail center in Las Vegas planned for next year
Executive Home Builders and IDB Group USA, development partners in One Queensridge Place and Tivoli Village, plan to build a 200,000 square-foot retail center at Sahara Avenue and Hualapai Way, company officials said Thursday.
The development will be anchored by a specialty grocer and will include stores selling apparel, accessories, beauty and sporting goods. Completion is scheduled for 2013.
Patrick Done, executive vice president for EHB, said the retail stores will be medium to large boxes ranging from 10,000 square feet to 40,000 square feet. Done is currently having conversations regarding multiple concepts for the specialty grocer.
NewMarket Advisors will serve as the leasing representative.
EHB also plans to develop Las Vegas Renaissance, an enclosed mall on the southeast corner of Rampart Boulevard and Alta Drive, in 2015. It will link to Tivoli Village via a walkway over Alta.
Tivoli Village opened in April 2011 with 400,000 square feet of boutique retail and dining. A second phase under construction is expected to be finished in late 2013.
"Our company is committed to investing in Las Vegas, and we are excited to offer another great option when it comes to shopping," EHB Chief Executive Officer Yohan Lowie said.
EHB also built One Queensridge Place, a luxury high-rise condominium community at Alta and Rampart.
Contact reporter Hubble Smith at hsmith@reviewjournal.com or 702-383-0491.
