Black Friday Sales & Traffic Exceed Expectations At GGP Retail Centers

Black Friday retail sales and record traffic were experienced at Fashion Show, Meadows Mall and The Boulevard Mall, according to Laurie Paquette, vice president of asset management for General Growth Properties (GGP) Las Vegas. GGP owns and manages the five Las Vegas centers encompassing more than 5 million square feet, including The Grand Canal Shoppes at The Venetian and The Shoppes at The Palazzo, in addition to those mentioned above.


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Las Vegas Fashion Show Mall Planned Sale To Save From Financial Woes

Fashion Show MallLas Vegas Fashion Show mall planned sale to save real estate investment trust from financial woes this week.  General Growth Properties is the owner of three malls on the Strip including Shoppes at Palazzo, Grand Canal Shoppes and Fashion Show.

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Summerlin Centre Real Estate Developer Halts Progress At Least A Year

Summerlin CentreSummerlin Centre real estate developer halts construction progress for at least a year.  Construction delays on the Las Vegas Strip, including Echelon resort, are sending a ripple effect throughout the valley.  The recent delay involving General Growth Properties’ shopping center, named High Street at Echelon, extends to their retail property in Summerlin.

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General Growth Unveils Summerlin Centre Plans

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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.

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