City Council approves plans for Las Vegas Renaissance
The Las Vegas City Council has given the green light to Las Vegas Renaissance, a large, mixed-used project that will give the Summerlin area its first enclosed shopping mall.
Las Vegas Renaissance, being built by EHB Companies, the developers of Tivoli Village, is planned for 23.4 acres at the southeast corner of Alta Drive and Rampart Boulevard.
On June 15, the C ity C ouncil unanimously approved a rezoning request and the planned site review. The news did not come as a surprise to Frank Pankratz, president of EHB Companies. He sat in the audience as the council voted.
“It’s a great project, and we’re excited about it,” he said. “We had unanimous approval from the planning commission three weeks before and now unanimous approval … (from) the C ity C ouncil.”
The mall plans call for 773,000 square feet of retail space with three main anchors. One of them is expected to be three levels and the others two stories. As many as 70 stores will be included. The project is in the pre-leasing stage, so specifics on which store brands to expect were not available.
Ward 2 Las Vegas City Councilman Steve Wolfson said the developers were “doing remarkable things in this economy … I can hardly wait to see who those anchors are.”
Parking will include a four-story garage and also show a six-story, 100-unit, multi-family residential development. The U-shaped building will be separate, have its own entry and be built on the eastern most part of the parcel. It’s expected to contain between 80 and 100 condominium units.
The ground breaking for Las Vegas Renaissance is expected in 2013. The project will be built in one stage, and EHB plans to open it before the holiday season of 2015.
Stavros Anthony, city councilman for Ward 4, said the project was just what Las Vegas needed.
“It’ll bring jobs, not just construction jobs, but retail ones,” he said.
What would Pankrantz say to those who want EHB to break ground now?
“If we had all the needed leasing in place and if the banks were loaning great amounts of money, we’d be happy to,” he said.
Contact Summerlin and Summerlin South View reporter Jan Hogan at jhogan@viewnews.com or 387-2949.
