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The Strip contains some of the highest visitor counts and retail sales per square
foot in the world. High profile retail properties that would compete with a
future luxury or lifestyle retail development at the Site are summarized below.
Located just south of the Site, Town Square Las Vegas contains a world-class
902,000 square-foot regional lifestyle center anchored by Apple, AMC Cinemas,
Whole Foods, H&M, Old Navy, Staples, Guitar Center and a recently opened
Saks Off Fifth Avenue.
Fashion Show Mall, a +1.9 million square-foot regional mall, is located at the
northwest corner of Las Vegas Boulevard and Sands Avenue. It underwent a $1
billion expansion and renovation in 2003. Anchors at this high-end fashion mall
include Neiman-Marcus, Nordstrom, Saks, Robinson-May, Dillard’s, Macy’s
and Bloomingdales Home.
Built in 1992, Forum Shops contains +510,000 square feet. Major tenants
include Niketown and high-end fashion houses such as Hugo Boss, Armani,
Burberry, Christian Dior, Ferragamo, and Valentino.
The Grand Canal Shoppes at The Venetian is located on the second floor of the
Venetian Hotel. Built in 1999, this mall contains +500,000 square feet. It also
features specialty shops such as St. John, Cannaletto, Sephora, Ann Taylor,
and Bebe. The Palazzo resort opened in early 2008 and The Shoppes contain
over 50 international boutiques and is anchored by Barneys New York. Other
boutiques include Coach, Ralph Lauren, Burberry, and Christian Louboutin.
The newest addition to the retail sector is the Crystals Shopping Center which
is located in the City Center Development.
~ HOUSE_OVERSIGHT 018794