Great Mall of Las Vegas: Difference between revisions
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| location = [[Las Vegas, Nevada]], United States |
| location = [[Las Vegas, Nevada]], United States |
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| address = Grand Montecito |
| address = Grand Montecito Parkway |
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| coordinates = {{Coord|36| |
| coordinates = {{Coord|36|17|11|N|115|16|51|W|type:landmark_region:US-NV|display=inline,title}} |
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| opening_date = |
| opening_date = |
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| closing_date = |
| closing_date = |
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| developer = |
| developer = Triple Five Nevada |
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| manager = |
| manager = |
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| owner = [[Triple Five Group]] |
| owner = [[Triple Five Group]] |
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| architect = |
| architect = Howard Perlman |
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| number_of_stores = |
| number_of_stores = 160 (planned in 2008)<br>185 (planned in 2009) |
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| number_of_anchors = |
| number_of_anchors = |
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| connected_landmarks = |
| connected_landmarks = |
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| floor_area = {{convert| |
| floor_area = {{convert|1600000|sqft|abbr=on}} ('''planned in 2006''')<br>{{convert|850000|sqft|abbr=on}} ('''planned in 2008''') |
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| floors = 3 |
| floors = 3 (planned in 2006)<br>1 (planned in 2008) |
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| parking = |
| parking = |
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| footnotes = |
| footnotes = |
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| website = |
| website = |
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}} |
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The '''Great Mall of Las Vegas''' was a proposed shopping mall in [[Centennial Hills]], [[Las Vegas]], [[Nevada]], United States. The project was announced by [[Triple Five Group]] in 2004, originally as an enclosed mall. The design phase continued over the next two years, with the project being reworked to include indoor and outdoor retail areas, as well as condominiums. The project would feature {{convert|1600000|sqft|abbr=on}} of retail space, with the indoor portion spread across three floors. |
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The '''Great Mall of Las Vegas''' was a proposed $750M shopping mall in northwestern [[Las Vegas Valley|Las Vegas]], [[Nevada]], United States,<ref name="cpn">{{cite web | last = Murray | first = Barbara | title = Green Light for $750M Great Mall of Las Vegas | url = http://www.commercialpropertynews.com/cpn/article_display.jsp?vnu_content_id=1002913037 | access-date = 2008-01-03 | archive-url = https://web.archive.org/web/20070817070319/http://www.commercialpropertynews.com/cpn/article_display.jsp?vnu_content_id=1002913037 | archive-date = 2007-08-17 | url-status = dead }}</ref><ref name="lvrj">{{cite web |last = Smith | first = Hubble | title = Great Mall of Las Vegas will have 'hybrid' look | url = http://www.reviewjournal.com/lvrj_home/2006/Jul-31-Mon-2006/business/8720578.html | access-date = 2008-01-03| date = 2006-07-31|work = [[Las Vegas Review-Journal]]}}</ref><ref name="lvbp">{{cite web | last = Illia | first =Tony | title = Triple Five's "Great Mall" moves forward | url = http://www.lvbusinesspress.com/articles/2007/05/18/news/iq_14407698.txt | access-date = 2008-01-03}}</ref> shelved in 2009.<ref name="buys">[http://www.lasvegassun.com/news/2011/jan/04/developer-buys-great-mall-las-vegas-parcel/ "Developer buys Great Mall of Las Vegas parcel"], ''[[Las Vegas Sun]]'', January 4, 2011.</ref> The project was promoted by Triple Five Nevada,<ref name="cpn"/><ref name="lvrj"/> an affiliate of the [[Triple Five Group]], the developers of other very large mall projects such as the [[Mall of America]] and [[West Edmonton Mall]].<ref>[http://www.macleans.ca/2011/09/23/taking-west-edmonton-mall-to-new-jersey/ "Taking West Edmonton mall to New Jersey"], ''[[Maclean's]]'', September 23, 2011.</ref> The mall was to contain a large shopping center, condominiums, and office space.<ref name="cpn"/> |
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In 2008, the project was further modified to be entirely outdoors, with {{convert|850000|sqft|abbr=on}} of retail space across 20 standalone buildings, each one story. The project was once expected to open in 2009 or 2010, but it never progressed beyond site preparation work. Triple Five put the project on hold in 2009, due to the [[Great Recession]], and the property was later sold. In 2019, plans were announced to build a housing community on the land. |
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==Info== |
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The mall was to be located on a {{Convert|50|acre|abbr=on}} parcel that would contain a 3-story shopping structure with {{convert|1200000|sqft|abbr=on}}, {{convert|100000|sqft|abbr=on}} of which was office space, and contain a pair of {{convert|200|ft|m|abbr=on}} tall condominium towers with over 800 housing units.<ref name="cpn"/><ref name="lvbp"/> The mall was to be [[Anchor store|co-anchored]] by a [[Dillard's]] and [[Macy's]]<ref name="rcm">{{cite web | url = http://retailconstructionmag.com/nm-newsshow.asp?story=492 | title = New Mall Planned for Las Vegas | access-date = 2008-01-08}}</ref> with a combined square footage of {{convert|450000|sqft|abbr=on}}, along with a [[Regal Entertainment Group|Regal Cinemas]] [[movie theater|theater]].<ref name="lvbp"/> Construction on the mall was scheduled to begin in early 2008 and be completed in either August 2009 or May 2010, depending on scheduling,<ref name="lvrj"/><ref name="lvbp"/> with condominium residents moving in during 2010 or 2011<ref name="lvbp"/> The mall was to contain both indoor and outdoor retail spaces,<ref name="lvrj"/> and a {{convert|15000|sqft|abbr=on}} indoor park with fountains, grass and benches.<ref name="lvbp"/> It would have been the first indoor mall completed in the [[Las Vegas Valley]] since the [[Galleria at Sunset|Galleria Mall]] opened in 1995.<ref name="lvrj"/> |
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==History== |
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It was reported in December 2009 that the project had been shelved.<ref>[http://www.lasvegassun.com/news/2009/dec/18/investors-move-seize-village-square-shopping-cente/ Investors move to seize Village Square Shopping Center]</ref> The property went into default,<ref>[http://www.lasvegassun.com/news/2009/jun/22/swelling-default-foreclosure-figures-ominous/ COMMERCIAL Real Estate: Swelling default, foreclosure figures ominous]</ref> and the bank eventually sold the property in January 2011 for $6.3 million.<ref name="buys"/> |
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===Initial plans and changes=== |
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[[Triple Five Group]] announced the Great Mall of Las Vegas in March 2004. The company had built some of the largest retail properties in the world, including [[West Edmonton Mall]] and the [[Mall of America]]; the Las Vegas mall would be similar to these projects. It would feature at least {{convert|2000000|sqft|abbr=on}}, making it the largest mall in the [[Las Vegas Valley]], a title held at the time by the [[Fashion Show Mall]]. The Great Mall of Las Vegas would be built in the northwest valley, near the [[Las Vegas Beltway]] and [[U.S. Route 95 in Nevada|U.S. Route 95]]. The project would be built on more than 70 acres, in a developing area which lacked major retailers. The target demographic would consist of local residents rather than tourists.<ref name=Shubinski/> |
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The mall would be enclosed and would feature a glass-domed roof to allow natural lighting. Attractions would include an amusement park, an ice rink, and miniature golf.<ref name=Shubinski/> It would be the first indoor mall completed in the Las Vegas Valley since the [[Galleria at Sunset|Galleria Mall]], which opened in [[Henderson, Nevada]] in 1996.<ref name=Smith/> The project was in an early phase of planning at the time of its announcement,<ref name=Shubinski>{{cite news |last=Shubinski |first=Jennifer |title=Company announces plans for largest mall in Las Vegas |url=https://lasvegassun.com/news/2004/mar/25/company-announces-plans-for-largest-mall-in-las-ve/ |access-date=July 21, 2022 |work=Las Vegas Sun |date=March 25, 2004}}</ref> and the next two years were spent on design work, with Howard Perlman as architect.<ref name=Smith/> |
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By 2006, Triple Five planned to incorporate 900 condominiums into the project, including two high-rises measuring 250 feet in height. Some nearby residents opposed this idea, citing concerns about increased traffic and a lack of backyard privacy.<ref>{{cite news |last=Kulin |first=Dan |title=Sky-high condos to leave neighbors in shadows |url=https://lasvegassun.com/news/2006/jun/30/sky-high-condos-to-leave-neighbors-in-shadows/ |access-date=July 21, 2022 |work=Las Vegas Sun |date=June 30, 2006}}</ref> The Great Mall of Las Vegas received final approval from the [[Las Vegas City Council]] in July 2006,<ref name=CPN>{{cite web | last = Murray | first = Barbra | title = Green Light for $750M Great Mall of Las Vegas | url = http://www.commercialpropertynews.com/cpn/article_display.jsp?vnu_content_id=1002913037 |work=Commercial Property News |date=July 26, 2006 | archive-url = https://web.archive.org/web/20070817070319/http://www.commercialpropertynews.com/cpn/article_display.jsp?vnu_content_id=1002913037 | archive-date = August 17, 2007 | url-status = dead }}</ref> with infrastructure work scheduled to begin six months later. The project was expected to cost $750 million,<ref>{{cite news |title=Great Mall of Las Vegas gets go-ahead |url=https://reviewjournal.newsbank.com/search?text=%22Great%20Mall%20of%20Las%20Vegas%20gets%20go-ahead%22&content_added=&date_from=&date_to=&pub%5B0%5D=LVBPL |work=Las Vegas Business Press |date=July 24, 2006 |access-date=July 21, 2022 |url-access=subscription}}</ref><ref>{{cite web |title=New mall planned for Las Vegas |url=http://retailconstructionmag.com/nm-newsshow.asp?story=492 |website=Retail Construction Magazine |archive-url=https://web.archive.org/web/20061019053841/http://retailconstructionmag.com/nm-newsshow.asp?story=492 |archive-date=October 19, 2006 |date=2006}}</ref> and later $800 million.<ref name=Moves/> It would be developed by Triple Five Nevada, a subsidiary of the main company. The project, now with {{convert|1600000|sqft|abbr=on}}, would include indoor and outdoor retail areas. The indoor component would consist of three stories and include several [[anchor store]]s. The outdoor portion was modeled after [[The District at Green Valley Ranch]], located in Henderson. It would include retail, entertainment, and the 900 residential units, with the two towers limited to 200 feet.<ref name=Smith>{{cite news |last=Smith |first=Hubble |title=Great Mall of Las Vegas will have 'hybrid' look |url=http://www.reviewjournal.com:80/lvrj_home/2006/Jul-31-Mon-2006/business/8720578.html |work=Las Vegas Review-Journal |date=July 31, 2006 |archive-url=https://web.archive.org/web/20070602124855/http://www.reviewjournal.com:80/lvrj_home/2006/Jul-31-Mon-2006/business/8720578.html |archive-date=June 2, 2007}}</ref> |
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The Great Mall of Las Vegas was expected to open in 2009 or 2010.<ref name=CPN/> However, the start of construction was delayed by unforeseen issues between Triple Five and the city.<ref name=Moves>{{cite news |title=Triple Five's 'Great Mall' moves forward |url=https://reviewjournal.newsbank.com/search?text=%22Triple%20Five%27s%20%22Great%20Mall%22%20moves%20forward%22&content_added=&date_from=&date_to=&pub%5B0%5D=LVBPL |work=Las Vegas Business Press |date=May 18, 2007 |access-date=July 21, 2022 |url-access=subscription}}</ref> In January 2008, Triple Five announced revamped plans for the project, which would now be entirely outdoors. It would feature 20 standalone buildings, each one story.<ref>{{cite news |title=Great Mall of Las Vegas plans altered by Triple Five |url=https://reviewjournal.newsbank.com/search?text=%22Great%20Mall%20of%20Las%20Vegas%20plans%20altered%20by%20Triple%20Five%22&content_added=&date_from=&date_to=&pub%5B0%5D=LVBPL |work=Las Vegas Business Press |date=January 22, 2008 |access-date=July 21, 2022 |url-access=subscription}}</ref><ref>{{cite news |title=Plans change for mall |url=https://reviewjournal.newsbank.com/search?text=%22Plans%20change%20for%20mall%22&content_added=&date_from=&date_to=&pub%5B0%5D=NAVN |work=Northern-Aliante View |date=February 5, 2008 |access-date=July 21, 2022 |url-access=subscription}}</ref> Later in 2008, Triple Five renamed the project Streets of Montecito, after its location at the northeast corner of Grand Montecito Parkway and Deer Springs Way. Work was underway on utilities and roadways, and Triple Five assured nearby residents that the project would proceed despite the [[Great Recession]], with a potential opening in 2010. The {{convert|850000|sqft|abbr=on}} mall would have 160 retail spaces, and occupants would include [[JCPenney]] and a [[Regal Cinemas]].<ref>{{cite news |last=Tucker |first=Laura |title=Northwest mall project still on the way |url=https://www.reviewjournal.com/uncategorized/around-town-northwest-mall-project-still-on-the-way/ |access-date=July 21, 2022 |work=Las Vegas Review-Journal |date=October 1, 2008}}</ref><ref>{{cite news |last=Radke |first=Brock |title=Developer says mall is still on track for possible 2010 opening |url=http://www.viewnews.com/2008/VIEW-Nov-25-Tue-2008/CentennialHills/25353217.html |work=Centennial View |date=November 25, 2008 |archive-url=https://web.archive.org/web/20090429012430/http://www.viewnews.com/2008/VIEW-Nov-25-Tue-2008/CentennialHills/25353217.html |archive-date=April 29, 2009}}</ref> |
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===Cancellation and aftermath=== |
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Triple Five put the project on hold in May 2009, citing the Great Recession and decreased demand. At the time, it was expected to include 185 stores and 16 restaurants. Triple Five noted the possible start of construction within a year and a half, depending on economic conditions.<ref>{{cite news |title=Triple Five Nevada shelves Great Mall plans |url=https://reviewjournal.newsbank.com/search?text=%22Triple+Five+Nevada+shelves+Great+Mall+plans%22&content_added=&date_from=&date_to=&pub%5B%5D=LVBPL |work=Las Vegas Business Press |date=May 25, 2009 |access-date=July 21, 2022 |url-access=subscription}}</ref> However, the property went into default,<ref>{{cite news |last=Wargo |first=Buck |title=Swelling default, foreclosure figures ominous |url=http://www.lasvegassun.com/news/2009/jun/22/swelling-default-foreclosure-figures-ominous/ |access-date=July 21, 2022 |work=Las Vegas Sun |date=June 22, 2009}}</ref> and [[KeyBank]] took possession.<ref>{{cite news |last=Wargo |first=Buck |title=Developer buys Great Mall of Las Vegas parcel |url=https://lasvegassun.com/news/2011/jan/04/developer-buys-great-mall-las-vegas-parcel/ |access-date=July 21, 2022 |work=Las Vegas Sun |date=January 4, 2011}}</ref> EHB Companies purchased the 60-acre site in 2010, for $6.3 million.<ref>{{cite news |title=EHB Cos. buys defunct Great Mall of Las Vegas site |url=https://reviewjournal.newsbank.com/search?text=%22EHB+Cos.+buys+defunct+Great+Mall+of+Las+Vegas+site%22&content_added=&date_from=&date_to=&pub%5B%5D=LVBPL |work=Las Vegas Business Press |date=January 10, 2011 |access-date=July 21, 2022 |url-access=subscription}}</ref> In 2019, [[KB Home]] and The Calida Group announced plans to purchase the vacant property and build a community of 303 single-family homes and 491 apartment units respectively.<ref>{{cite news |last=Segall |first=Eli |title=Nearly 800 homes planned at former Great Mall of Las Vegas site |url=https://www.reviewjournal.com/business/housing/nearly-800-homes-planned-at-former-great-mall-of-las-vegas-site-1580038/ |access-date=July 21, 2022 |work=Las Vegas Review-Journal |date=January 23, 2019}}</ref><ref>{{cite news |last=Segall |first=Eli |title=KB Home buys around 52 acres in northwest Las Vegas |url=https://www.reviewjournal.com/business/housing/kb-home-buys-around-52-acres-in-northwest-las-vegas-1608468/ |access-date=July 21, 2022 |work=Las Vegas Review-Journal |date=March 1, 2019}}</ref> |
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==References== |
==References== |
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{{DEFAULTSORT:Great Mall Of Las Vegas}} |
{{DEFAULTSORT:Great Mall Of Las Vegas}} |
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[[Category:Unbuilt buildings and structures in the United States]] |
[[Category:Unbuilt buildings and structures in the United States]] |
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[[Category:Shopping malls in Las Vegas]] |
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Latest revision as of 07:11, 17 March 2024
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| Location | Total retail floor area | 1,600,000 sq ft (150,000 m2) (planned in 2006) 850,000 sq ft (79,000 m2) (planned in 2008) |
|---|---|---|
| No. of floors | 3 (planned in 2006) 1 (planned in 2008) | |
The Great Mall of Las Vegas was a proposed shopping mall in
in 2004, originally as an enclosed mall. The design phase continued over the next two years, with the project being reworked to include indoor and outdoor retail areas, as well as condominiums. The project would feature 1,600,000 sq ft (150,000 m2) of retail space, with the indoor portion spread across three floors.In 2008, the project was further modified to be entirely outdoors, with 850,000 sq ft (79,000 m2) of retail space across 20 standalone buildings, each one story. The project was once expected to open in 2009 or 2010, but it never progressed beyond site preparation work. Triple Five put the project on hold in 2009, due to the Great Recession, and the property was later sold. In 2019, plans were announced to build a housing community on the land.
History
Initial plans and changes
Triple Five Group announced the Great Mall of Las Vegas in March 2004. The company had built some of the largest retail properties in the world, including West Edmonton Mall and the Mall of America; the Las Vegas mall would be similar to these projects. It would feature at least 2,000,000 sq ft (190,000 m2), making it the largest mall in the Las Vegas Valley, a title held at the time by the Fashion Show Mall. The Great Mall of Las Vegas would be built in the northwest valley, near the Las Vegas Beltway and U.S. Route 95. The project would be built on more than 70 acres, in a developing area which lacked major retailers. The target demographic would consist of local residents rather than tourists.[1]
The mall would be enclosed and would feature a glass-domed roof to allow natural lighting. Attractions would include an amusement park, an ice rink, and miniature golf.[1] It would be the first indoor mall completed in the Las Vegas Valley since the Galleria Mall, which opened in Henderson, Nevada in 1996.[2] The project was in an early phase of planning at the time of its announcement,[1] and the next two years were spent on design work, with Howard Perlman as architect.[2]
By 2006, Triple Five planned to incorporate 900 condominiums into the project, including two high-rises measuring 250 feet in height. Some nearby residents opposed this idea, citing concerns about increased traffic and a lack of backyard privacy.anchor stores. The outdoor portion was modeled after The District at Green Valley Ranch, located in Henderson. It would include retail, entertainment, and the 900 residential units, with the two towers limited to 200 feet.[2]
The Great Mall of Las Vegas was expected to open in 2009 or 2010.[4] However, the start of construction was delayed by unforeseen issues between Triple Five and the city.[7] In January 2008, Triple Five announced revamped plans for the project, which would now be entirely outdoors. It would feature 20 standalone buildings, each one story.[8][9] Later in 2008, Triple Five renamed the project Streets of Montecito, after its location at the northeast corner of Grand Montecito Parkway and Deer Springs Way. Work was underway on utilities and roadways, and Triple Five assured nearby residents that the project would proceed despite the Great Recession, with a potential opening in 2010. The 850,000 sq ft (79,000 m2) mall would have 160 retail spaces, and occupants would include JCPenney and a Regal Cinemas.[10][11]
Cancellation and aftermath
Triple Five put the project on hold in May 2009, citing the Great Recession and decreased demand. At the time, it was expected to include 185 stores and 16 restaurants. Triple Five noted the possible start of construction within a year and a half, depending on economic conditions.[12] However, the property went into default,[13] and KeyBank took possession.[14] EHB Companies purchased the 60-acre site in 2010, for $6.3 million.[15] In 2019, KB Home and The Calida Group announced plans to purchase the vacant property and build a community of 303 single-family homes and 491 apartment units respectively.[16][17]
References
- ^ a b c Shubinski, Jennifer (March 25, 2004). "Company announces plans for largest mall in Las Vegas". Las Vegas Sun. Retrieved July 21, 2022.
- ^ a b c Smith, Hubble (July 31, 2006). "Great Mall of Las Vegas will have 'hybrid' look". Las Vegas Review-Journal. Archived from the original on June 2, 2007.
- ^ Kulin, Dan (June 30, 2006). "Sky-high condos to leave neighbors in shadows". Las Vegas Sun. Retrieved July 21, 2022.
- ^ a b Murray, Barbra (July 26, 2006). "Green Light for $750M Great Mall of Las Vegas". Commercial Property News. Archived from the original on August 17, 2007.
- ^ "Great Mall of Las Vegas gets go-ahead". Las Vegas Business Press. July 24, 2006. Retrieved July 21, 2022.
- ^ "New mall planned for Las Vegas". Retail Construction Magazine. 2006. Archived from the original on October 19, 2006.
- ^ a b "Triple Five's 'Great Mall' moves forward". Las Vegas Business Press. May 18, 2007. Retrieved July 21, 2022.
- ^ "Great Mall of Las Vegas plans altered by Triple Five". Las Vegas Business Press. January 22, 2008. Retrieved July 21, 2022.
- ^ "Plans change for mall". Northern-Aliante View. February 5, 2008. Retrieved July 21, 2022.
- ^ Tucker, Laura (October 1, 2008). "Northwest mall project still on the way". Las Vegas Review-Journal. Retrieved July 21, 2022.
- ^ Radke, Brock (November 25, 2008). "Developer says mall is still on track for possible 2010 opening". Centennial View. Archived from the original on April 29, 2009.
- ^ "Triple Five Nevada shelves Great Mall plans". Las Vegas Business Press. May 25, 2009. Retrieved July 21, 2022.
- ^ Wargo, Buck (June 22, 2009). "Swelling default, foreclosure figures ominous". Las Vegas Sun. Retrieved July 21, 2022.
- ^ Wargo, Buck (January 4, 2011). "Developer buys Great Mall of Las Vegas parcel". Las Vegas Sun. Retrieved July 21, 2022.
- ^ "EHB Cos. buys defunct Great Mall of Las Vegas site". Las Vegas Business Press. January 10, 2011. Retrieved July 21, 2022.
- ^ Segall, Eli (January 23, 2019). "Nearly 800 homes planned at former Great Mall of Las Vegas site". Las Vegas Review-Journal. Retrieved July 21, 2022.
- ^ Segall, Eli (March 1, 2019). "KB Home buys around 52 acres in northwest Las Vegas". Las Vegas Review-Journal. Retrieved July 21, 2022.
External links
- Great Mall of Las Vegas site plan via Archive.org