Palazzo Las Vegas NV Hotel had grand opening for the Shoppes and casino. Thursday night grand opening of the newest $1.9 billion Las Vegas resort opened its doors to 450,000 square feet of luxury retail mall including Barneys of New York.
A total of 34 new to market restaurants and luxury retailers opened their doors to shoppers. You’ll be able to spend $5,000 on wine from Charlie Trotters, $670 boots from Barneys and $125 T-shirts from Tory Burch.
The owner and operator of the Shoppes at Palazzo is General Growth Properties. They are the same ownership as the Boulevard mall and Meadows mall in Las Vegas, NV, the Fashion Show mall on the Strip and The Grand Canal Shoppes at The Venetian Hotel and Casino. The high end luxury shops are approximately 90 percent leased.
At completion there is an expected 60 stores to offer their products to the lucrative spender in Las Vegas, Nevada.
Las Vegas casino news has an estimated $300 per square foot is being charged for retail space at the Shoppes. The mall is more expensive for retail space than the Forum Shops at Caesars or the Fashion Show mall. A national average is $40 per square foot for retail real estate. Hey, Your Vegas is showing!