Las Vegas Premium Outlets North Explained

Las Vegas Premium Outlets North
Location:Las Vegas, Nevada
Address:875 S Grand Central Parkway
Coordinates:36.1639°N -115.1581°W
Opening Date:August 1, 2003
Developer:Chelsea Property Group
Simon Property Group
Manager:Simon Property Group
Owner:Simon Property Group
Number Of Stores:175
Floor Area:685000square feet
Floors:1

Las Vegas Premium Outlets North is an outlet mall located on in downtown Las Vegas, north of the Las Vegas Strip. It is an outdoor mall with 685000square feet. It is owned and managed by Simon Property Group, and is part of Simon's Premium Outlets chain. It was co-developed with Chelsea Property Group, and was opened on August 1, 2003. Expansions were finished in 2008 and 2015, adding additional retailers and parking spaces.

It was the second outlet mall to open in the Las Vegas Valley, joining a Belz Factory Outlet World which opened south of the Strip in 1993. The latter was purchased in 2003 by Chelsea, which has since merged with Simon. The "North" name was appended to Las Vegas Premium Outlets in 2011, after the older outlet mall was renamed Las Vegas Premium Outlets South.

History

Mayor Oscar Goodman had advocated for redevelopment in downtown Las Vegas since taking office in 1999. The Las Vegas Premium Outlets mall was announced in 2001, and was developed by Chelsea Property Group,[1] in partnership with Simon Property Group.[2] Construction began on July 2, 2002, on 40 acres.[3] [4] The project was built by Jacobsen Construction of Salt Lake City and Hardin Construction Group Inc. of Atlanta.[5] The mall is part of a chain of Premium Outlets locations, and was modeled after the Orlando Premium Outlets, also developed by Chelsea and Simon.[6]

Las Vegas Premium Outlets had a soft opening on August 1, 2003,[6] [7] followed by the official opening one week later. It was the second outlet mall to open in the Las Vegas Valley.[4] [8] Goodman praised the mall, calling it "the spark that is going to reignite development in downtown Las Vegas".[9] It was developed at a cost of $95 million,[6] and was operated by Chelsea,[8] which was merged into Simon Property Group in 2004.[10] Las Vegas Premium Outlets was targeted at local residents as well as tourists.[6] [11] The mall was well received,[12] although an inadequate number of parking spaces would become a frequent issue.[13] The mall opened with 1,374 parking spaces, more than legally required, although this was not enough to keep up with demand.[14]

The mall's location beside Interstate 15 helped its success, as did free shuttle service from nearby casino properties. Expansion plans were unveiled in 2006, removing part of the parking lot in order to add two parking garages, as well as additional retailers.[14] [15] The mall received financing from the Las Vegas Redevelopment Agency to fund the project.[16] [17] The $56 million, 104000square feet expansion was completed in 2008.[18]

In 2003, Simon and Chelsea had sold four acres of land to local developer Mark Fine.[19] The property is located at the southwest corner of Bonneville Avenue and Grand Central Parkway, at the north end of Premium Outlets. Fine planned to build a mixed-use project on the site, but his plans failed to materialize. In 2012, the two companies bought back the land for another expansion of the mall that would include more retailers and an addition to one of the parking garages.[20] [21] Construction on the expansion began in May 2013,[22] and was finished two years later.[23] [24] It included 782 additional parking spaces.[25]

Tenants

Las Vegas Premium Outlets debuted with 435000square feet,[8] and included 125 stores,[11] most of which were ready on opening day.[9] The mall also opened with a central food court featuring indoor and outdoor seating for up to 450 people.[11] Las Vegas Premium Outlets focused primarily on high-end retailers upon opening.[8] Notable tenants included Armani Exchange, Dolce & Gabbana, Casual Corner, Nike, and Quiksilver.[6]

The 2008 expansion brought the total number of retailers to 150.[18] Approximately 30 new tenants were added in the 2015 expansion, for a total of 175. Among the new tenants was The Cheesecake Factory,[25] as well as Saks Fifth Avenue Off 5th.[26] [27] The expansion brought the mall to 685000square feet.[25] A Shake Shack restaurant was added in 2018.[28]

South location

A sister property, Las Vegas Premium Outlets South,[20] is located at the southeast corner of Warm Springs Road and Las Vegas Boulevard, south of the Las Vegas Strip.[29] It is an indoor outlet mall with 140 stores.[30] It originally operated as Belz Factory Outlet World. It was announced in 1991, by Belz Enterprises,[31] and was part of a chain of Factory Outlet World locations. Construction was underway in March 1992,[32] and the mall opened on November 19, 1993,[33] [34] [35] targeting both local residents and tourists. A major expansion was underway in 1996, adding 39 additional retailers in a new connecting structure located south of the original.[36] The expansion continued into 1997,[37] and included the addition of a second food court,[38] and a carousel.[39]

The mall was a filming location for the 2001 film The Mexican.[40] [41]

In August 2003, Chelsea Property Group purchased the Belz mall for $104 million. Belz Factory Outlet World was renamed the Las Vegas Outlet Center.[42] [43] [44] Up to that point, it had been one of the most profitable outlet centers in the U.S.[43] [45] A nine-month renovation and expansion project began in 2010, with the mall renamed Las Vegas Premium Outlets South the following year. The project turned the mall into an upscale sister property to the original Premium Outlets in downtown.[46]

External links

Notes and References

  1. News: Sahagun . Diana . Downtown mall plan hailed as healthy economy indicator . November 14, 2022 . Las Vegas Sun . July 27, 2001.
  2. News: Robison . Jennifer . Forum Shops owner in Vegas mall deal . December 6, 2023 . Las Vegas Sun . June 21, 2002.
  3. News: Outlet mall work under way; Mayor lauds plans to build high-end project downtown . Las Vegas Review-Journal . July 3, 2002 . https://web.archive.org/web/20021027012351/http://www.lvrj.com/lvrj_home/2002/Jul-03-Wed-2002/news/19109807.html . October 27, 2002.
  4. News: Jones . Chris . Room for one more? Developer sure market exists for Las Vegas Premium Outlets . Las Vegas Review-Journal . July 5, 2002 . https://web.archive.org/web/20021027021324/http://www.lvrj.com/lvrj_home/2002/Jul-05-Fri-2002/business/19125513.html . October 27, 2002.
  5. News: Illia . Tony . Downtown outlet mall takes shape . Las Vegas Business Press . February 1, 2003 . https://web.archive.org/web/20030202050419/http://lvbusinesspress.com:80/display/inn_columnists/col03.txt . February 2, 2003.
  6. News: Jones . Chris . Premium Outlets set for opening . Las Vegas Review-Journal . August 1, 2003 . https://web.archive.org/web/20041227121405/http://www.reviewjournal.com/lvrj_home/2003/Aug-01-Fri-2003/business/21833701.html . December 27, 2004.
  7. News: Shubinski . Jennifer . Officials hope outlet mall will invigorate downtown . November 14, 2022 . Las Vegas Sun . August 1, 2003.
  8. News: Mylchreest . Ian . Outlets to shop or drop . Las Vegas Business Press . August 8, 2003 . https://web.archive.org/web/20030811002207/http://www.lvbusinesspress.com:80/articles/2003/08/08/news/news01.txt . August 11, 2003.
  9. News: Jones . Chris . Outlets strike upbeat note for downtown . Las Vegas Review-Journal . August 8, 2003 . https://web.archive.org/web/20050122062103/http://www.reviewjournal.com/lvrj_home/2003/Aug-08-Fri-2003/business/21899752.html . January 22, 2005.
  10. News: Big Las Vegas mall owners merging . November 20, 2022 . Las Vegas Sun . June 21, 2004.
  11. News: Whitely . Joan . Operators of new Las Vegas Premium Outlets optimistic about its prospects downtown . Las Vegas Review-Journal . August 7, 2003 . https://web.archive.org/web/20050120114946/http://www.reviewjournal.com/lvrj_home/2003/Aug-07-Thu-2003/living/21852426.html . January 20, 2005.
  12. News: Frommer . Arthur . For some, a good buy beats blackjack . November 20, 2022 . Los Angeles Times . September 12, 2004.
  13. News: Jones . Chris . New mall so far seems to benefit downtown LV . Las Vegas Review-Journal . October 17, 2003 . https://web.archive.org/web/20041226041837/http://www.reviewjournal.com/lvrj_home/2003/Oct-17-Fri-2003/business/22329904.html . December 26, 2004.
  14. News: Jones . Chris . More parking, stores planned for mall . Las Vegas Review-Journal . September 14, 2006 . https://web.archive.org/web/20061023204711/http://www.reviewjournal.com/lvrj_home/2006/Sep-14-Thu-2006/business/9618647.html . October 23, 2006.
  15. News: Shubinski . Jennifer . Big plans in store for Premium Outlets . November 20, 2022 . Las Vegas Sun . April 21, 2006.
  16. News: Lucrative mall seeks public subsidy . Las Vegas Business Press . October 9, 2006 . November 20, 2022 . subscription.
  17. News: City green-lights tax break for Las Vegas Premium Outlets . Las Vegas Review-Journal . February 19, 2007 . November 20, 2022 . subscription.
  18. News: Smith . Hubble . And they're off … to find a parking space . November 20, 2022 . Las Vegas Review-Journal . November 23, 2007.
  19. News: Developer plans downtown project . November 20, 2022 . Las Vegas Sun . September 23, 2003.
  20. News: Segall . Eli . 25-store expansion planned for downtown outlet mall . November 20, 2022 . VegasInc . September 25, 2012.
  21. News: Carroll . Laura . Outlet mall’s expansion a boon to local developers . November 20, 2022 . Las Vegas Review-Journal . July 22, 2012.
  22. News: Segall . Eli . More parking, more stores coming to Premium Outlets-North . November 22, 2022 . VegasInc . September 10, 2014.
  23. News: Chidester . Eva . Las Vegas Premium Outlets-North expansion nears completion; five shops open at Container Park . November 22, 2022 . VegasInc . April 13, 2015.
  24. News: Chidester . Eva . More shops at Las Vegas Premium Outlets North; Frederick’s of Hollywood closes 3 locations . November 22, 2022 . VegasInc . April 27, 2015.
  25. News: Stapleton . Susan . 25 new stores debut at the Las Vegas Premium Outlets North . November 22, 2022 . Los Angeles Times . May 15, 2015.
  26. News: Green . Steve . Saks plans luxury outlet in downtown Las Vegas . November 20, 2022 . VegasInc . May 14, 2012.
  27. News: Stapleton . Susan . Two new Saks Fifth Avenue Off 5th stores opening in Las Vegas . November 22, 2022 . Los Angeles Times . March 10, 2015.
  28. News: Knapp Rinella . Heidi . Shake Shack to open at Las Vegas Premium Outlets North . November 22, 2022 . Las Vegas Review-Journal . August 22, 2017.
  29. News: Vegas outlet mall is out of this world . Reno Gazette-Journal . February 26, 1995 . November 20, 2022 . Newspapers.com . subscription.
  30. News: Style? Meet Value . November 20, 2022 . Los Angeles Times . September 4, 2012.
  31. News: Wolff . Cindy . Belz to open outlet mall in Las Vegas next year . The Commercial Appeal . November 12, 1991 . November 20, 2022 . Newspapers.com . subscription.
  32. News: Construction starts on factory mall . Las Vegas Review-Journal . March 4, 1993 . November 14, 2022 . subscription.
  33. News: Outlet Mall to Open Nov. 19 in Las Vegas . November 20, 2022 . Los Angeles Times . October 31, 1993.
  34. News: Caruso . Monica . Factory outlets booming . Las Vegas Review-Journal . November 14, 1993 . November 14, 2022 . subscription.
  35. News: Caruso . Monica . Belz mall attracts big crowd . Las Vegas Review-Journal . November 20, 1993 . November 14, 2022 . subscription.
  36. News: Caruso . Monica . Outlet mall adds shops in expansion . Las Vegas Review-Journal . October 17, 1996 . November 14, 2022 . subscription.
  37. News: Caruso . Monica . Saks to open discount store at factory outlet . Las Vegas Review-Journal . February 15, 1997 . https://web.archive.org/web/19970719141141/http://www.lvrj.com/lvrj_home/1997/Feb-15-Sat-1997/business/4861316.html . July 19, 1997.
  38. News: Jacobson . Max . Malls court hungry customers on the move . November 20, 2022 . Las Vegas Sun . April 4, 2001.
  39. News: Bell . Pauline . New Belz stores chiming in . November 14, 2022 . Las Vegas Sun . September 12, 1996.
  40. News: Cling . Carol . 'Mexican' shifts to downtown hotel . Las Vegas Review-Journal . June 19, 2000 . https://web.archive.org/web/20010330020851/http://www.lvrj.com/lvrj_home/2000/Jun-19-Mon-2000/lifestyles/13748609.html . March 30, 2001.
  41. News: Friess . Steve . Film flam . November 20, 2022 . Las Vegas Sun . July 23, 2009.
  42. News: Jones . Chris . Chelsea acquires Belz mall: Factory outlet center snapped up in $104 million deal . Las Vegas Review-Journal . August 2, 2003 . https://web.archive.org/web/20041226041535/http://www.reviewjournal.com/lvrj_home/2003/Aug-02-Sat-2003/business/21861519.html . December 26, 2004.
  43. News: Shubinski . Jennifer . After opening new downtown mall, Chelsea buys rival . November 14, 2022 . Las Vegas Sun . August 4, 2003.
  44. News: N.J. firm buys Belz outlet mall along with Las Vegas center . The Commercial Appeal . August 5, 2003 . November 20, 2022 . Newspapers.com . subscription.
  45. News: Mylchreest . Ian . Outlets to shop or drop . Las Vegas Business Press . August 8, 2003 . https://web.archive.org/web/20030811002207/http://www.lvbusinesspress.com:80/articles/2003/08/08/news/news01.txt . August 11, 2003.
  46. News: Robison . Jennifer . Las Vegas Outlet Center to get makeover as Las Vegas Premium Outlets South . November 20, 2022 . Las Vegas Review-Journal . February 9, 2011.

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