Impressions of Store Visits; Omaha, Chicago, Las Vegas
Posted by: admin in Wynn Hotel Las Vegas…In Las Vegas, the construction is mind boggling. MGM Mirage’s massive $7 billion CityCenter stands to change the Strip. Then Boyd Gaming’s Echelon is a $4.8 billion multiple use luxury development on 87 acres, with five hotels, 750,000 sq. ft. of convention space and meeting rooms, 30 dining and nightclub establishments, and residences, is opening in 2010 to the north, across from the Wynn Las Vegas, itself in the throes of doubling in size. General Growth Properties is managing the retail portion of Echelon, after just opening the Palazzo, and still not having announced anything for Fashion Show. General Growth of course also has Summerlin Town Center opening to the northwest in 2009. And now, Marnell Correo Associates, an architectural firm with extensive Las Vegas experience, has partnered with MGM to build M Resort ten miles to the south, with Taubman handling the retail portion. No one seems terribly concerned about overbuilding. Las Vegas does go through spurts, and the traffic is so bad and the weather is so hot in the summer, that, as far as retail is concerned, people are probably not going to want to wander too far to shop. On the other hand, every time we fly over Lake Mead, we wonder where the necessary water will come from to keep up with the city’s growth….
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