Las Vegas Summerlin
Las Vegas Summerlin – The Tivoli Village has only just opened in Las Vegas Summerlin, but planners are already considering a second major project, located directly across the street from Tivoli.
On May 10 the Las Vegas Planning Commission unanimously approved the mixed use project Las Vegas Renaissance which paves the way for the project. The project is expected to likewise receive support from the City Council when it comes before that body for final approval. The shopping facility will be built on the southeast corner of Rampart Boulevard and Alta Drive in Ward 2, at least according to current plans.
What effect the construction will have on Las Vegas houses and Vegas condos for sale remains to be seen, however the project will likely increase the value of homes in and around Summerlin, as well as Henderson Nevada real estate. Houses for sale in Summerlin will likewise see the potential for increased market value.
Council members expressed excitement over plans for the Las Vegas Renaissance, saying that they hoped this would be the first of many businesses choosing the Summerlin area for new openings. New businesses translate into a healthier job market for the community, with council members hoping to see unemployment figures again drop below 10 percent.
The project was inspired by the Piazza del Duomo and Galleria Vittorio Emanuele in Milan, Italy, according to developers. Originally constructed in the late 1800s, the Piazza del Duomo was among the first indoor shopping malls in the world. Recognized the world over for its elaborate, graceful architecture and sweeping, glass ceiling, the Vegas version will offer shoppers an atrium and 773,000 square feet shopping area, one area of which will feature three levels. Planners expect about 70 stores will fit in the structure.
A five-level parking structure, with at least one underground, also is planned for the project. EHB Companies President Frank Pankratz said the name Las Vegas Renaissance was chosen for its positive historical connotations. As the original Renaissance heralded the end of Europe’s Dark Ages, so this project serves as a harbinger of better times following the country’s economic downturn of recent years.
Plans call for the structure to be connected to Tivoli Village, located on the northeast side of the intersection of Rampart Boulevard and Alta Drive. A pedestrian bridge will run between the two structures, allowing shoppers easy access to both facilities without the need of negotiating through traffic.
Land for the project, just over 23 acres of it, was purchased in 2010 and the project has been in the planning stages since then. Developers say there has been ever increasing interest from vendors anxious to set up shop in an indoor venue. Planners, however, have not yet released the names of any brand names likely to be found under the roof once the project is completed; they say that the project is still too new to name specific names.
A residential unit also will be located on the acreage, possibly a four-story building with included parking garage. This is still very much in the planning stages, however, and no hard and fast decisions have been made. Ground will probably be broken in 2013. If all goes according to plan, the Las Vegas Renaissance will throw open its door prior to the holiday shopping season in 2015.