General Growth unveils Summerlin Centre Plans
General Growth Properties unveiled detailed plans for its long anticipated 100-acre Summerlin Centre Las Vegas development at northeast corner of the 215 Beltway and Sahara Avenue. The mixed-use real estate complex calls for a combination of retail shops, dining, office space and residences within a landscaped master-planned setting.
The Summerlin Centre development will feature a grand plaza called Summerlin Square that will host public events, concerts, and other community events. A north-south pedestrian street, or paseo, will run throughout the property.
Many of the shops and restaurants will be located on the first floor of low-rise buildings stretched along the paseo. An east-west street grid and “marketwalk,” intersecting the paseo at Summerlin Square, will create easy vehicle and pedestrian access.
An adjoining northern 300 acres, which includes the new 414-room Red Rock Station Casino Las Vegas Resort and Spa, will consist of 5,500 residences in a wide array of housing styles from single-family Las Vegas homes to condominiums in buildings with street-level retail stores and restaurants. About 10 percent of the Red Rock real estate will be part of the real estate development surrounding Summerlin Square.
The eastern portion, meanwhile, will contain about 1.5 million square feet of office and commercial space, including the six-story Business Bank of Nevada headquarters, which is now underway. Two five-story, Class A office buildings with street-level retail space will be built in the initial phase, totaling 250,000 square feet. More office space could be added later.
Plans additionally call in Summerlin Centre for 1.2 million square feet of retail shopping including four major department store anchors, additional “mini-anchors” and other local and national retailers.
“Summerlin Centre and Summerlin Square will be places of quality and charm where people come together to shop, work, play, relax, linger and people-watch,”
said General Growth’s CEO John Bucksbaum. “We are paying close attention to the quality of the buildings and to the quality of the spaces between the buildings. Their collective purpose will be to create a place that brings people together.”
Construction on the initial phase is expected to begin by spring 2007, with a grand opening in fall 2008. Summerlin Centre Las Vegas is anticipated to reach build-out during the next decade.
Highlights of Summerlin Centre Las Vegas include:
Source: LV Business Press
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Summerlin Centre Las Vegas development unveiled by General Growth.