Showcase Mall

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Showcase Mall
The Strip 21 (4068166058).jpg
The mall's facade as seen in 2009
LocationParadise, Nevada, United States
Coordinates36°06′12″N 115°10′20″W / 36.10342°N 115.17236°W / 36.10342; -115.17236Coordinates: 36°06′12″N 115°10′20″W / 36.10342°N 115.17236°W / 36.10342; -115.17236
Address3785 Las Vegas Boulevard South
Opening dateDecember 15, 1996; 21 years ago (December 15, 1996)
No. of floors4

Showcase Mall is a shopping center on the Las Vegas Strip in Paradise, Nevada. It is known for its landmark facade, featuring a 100-foot (30 m) tall Coca-Cola bottle and a colossal bag of M&M's.[1][2]

History[edit]

The facade of the mall's third phase in 2010, shortly after it opened.

After the 1989 announcement of plans for the MGM Grand hotel and casino,[3] attorney Bill Unger recognized the investment potential of an adjacent property where he was handling an eviction case.[4] Unger approached his friend, banker Barry Fieldman, for financing, and the two partnered to form Makena Development Corp. in 1992.[4][5] Makena purchased Island Plaza, a small shopping center on the site that would become the southern part of Showcase Mall.[5] They then beat out MGM in an effort to purchase two gas stations to the north of Island Plaza.[4][5]

Forest City Enterprises, a national real estate developer with interests in Las Vegas including the Galleria at Sunset mall, signed on to provide additional funding and expertise to the project,[5] taking a 20% ownership stake.[6]

The first business at the mall, the Official All Star Cafe, opened on December 15, 1996.[7] An eight-screen United Artists Theater opened in March 1997.[8]

Island Plaza was demolished in 1999 to make way for the second phase of Showcase Mall,[9] with 43,000 square feet (4,000 m2) of retail space and a $33-million budget.[10] The second phase, south of the original building, opened in 2000, featuring a gift shop with an interior designed to resemble the Grand Canyon.[11][12]

North of the original portion of the mall, a parcel occupied by a Denny's restaurant was earmarked for a third phase of construction. In 2003, Westgate Resorts announced a $180-million plan to build a 54-story tower with over 700 timeshare units on the Denny's site.[13][14] Facing strong opposition from MGM Grand and concerns from county officials about the size of the project,[15] the plan was scaled back to 42 stories,[16] but was ultimately rejected by the Clark County Commission.[17]

In 2005, the developers sold the first phase of the mall for $142 million, to a partnership of San Francisco-based City Center Retail and New York investment firm Angelo Gordon & Co.[18] The buyers also spent $30 million to acquire a leasehold interest in the Denny's site.[19]

The mall's third phase was built in 2009 with 97,400 square feet of space, anchored by a Hard Rock Cafe and a Ross Dress For Less store.[20] The City Center / Angelo Gordon partnership sold this portion of the mall in 2011 to Unilev Capital Corp., a California real estate investment company, for $93.5 million.[20]

In July 2014, City Center and Angelo Gordon sold the original center section of the mall for $145 million to a partnership between the Nakash family (founders of Jordache) and investor Eli Gindi.[21] The Nakashes and Gindi, along with home-curtains manufacturer Elyahu Cohen, then purchased the third, northern section of the mall from Unilev Capital for $139.5 million in January 2015.[22] The Nakashes and Gindi consolidated their control of the mall in December 2015, buying the southern portion from Fieldman for $82.9 million.[23]

A planned expansion of the mall was approved in September 2017. Earlier in the year, the Nakashes and Gindi had paid $59.5 million to purchase a building to the north of the mall, which had previously housed the Smith & Wollensky steakhouse. Plans called for the building to be demolished and replaced with a new four-story, 145,000-square-foot (13,500 m2) building.[24]

Notable tenants[edit]

Interior of the Grand Canyon Experience gift shop

Former tenants[edit]

References[edit]

  1. ^ Jennifer Shubinski (February 28, 2005). "Expansion planned by new Showcase mall owner". Las Vegas Sun. Retrieved 2015-07-18.
  2. ^ Hubble Smith (September 30, 2011). "Portion of Showcase mall sold for $93.5 million". Las Vegas Review-Journal. Retrieved 2015-07-18.
  3. ^ Jefferson, David J. (October 4, 1989). "MGM Grand expands its plan to build Las Vegas studio theme park and hotel". Wall Street Journal.  – via Factiva (subscription required)
  4. ^ a b c "It's the real thing: Coke in Las Vegas". Las Vegas Sun. July 7, 1997 – via NewsBank.
  5. ^ a b c d Tim Willert (April 23, 1997). "Developers show off glitzy Showcase". Las Vegas Review-Journal – via NewsBank.
  6. ^ Dave Berns (September 23, 1997). "Partners with panache". Las Vegas Review-Journal – via NewsBank.
  7. ^ Monica Caruso (December 14, 1996). "Showcase hopes to be real thing". Las Vegas Review-Journal – via NewsBank.
  8. ^ Carol Cling (March 7, 1997). "Strip gets its first multiplex with UA's Showcase 8". Las Vegas Review-Journal – via NewsBank.
  9. ^ Jeff Scheid (November 13, 1999). "Tumbling down". Las Vegas Review-Journal – via NewsBank.
  10. ^ "$33 million expansion to feature replica of Grand Canyon". Las Vegas Sun. September 27, 1999. Retrieved 2015-07-20.
  11. ^ "Showcase expansion tenant is revealed". Las Vegas Sun. July 26, 1999. Retrieved 2015-07-18.
  12. ^ a b c Phil Levine (May 22, 2000). "Strip retail centers tout expansion plans". Las Vegas Sun. Retrieved 2015-07-18.
  13. ^ "Strip project planned". Las Vegas Sun. January 10, 2003. Retrieved 2015-07-21.
  14. ^ Hubble Smith (July 3, 2003). "County orders traffic study for time share tower". Las Vegas Review-Journal – via NewsBank.
  15. ^ Hubble Smith (April 10, 2003). "Westgate trims time-share plans". Las Vegas Review-Journal – via NewsBank.
  16. ^ "Scaled-down plan approved". Las Vegas Sun. May 13, 2003 – via NewsBank.
  17. ^ Hubble Smith (September 4, 2003). "Panel denies high-rise project". Las Vegas Review-Journal – via NewsBank.
  18. ^ Chris Jones (February 22, 2005). "Gaming Wire". Las Vegas Review-Journal – via NewsBank.
  19. ^ Jennifer Shubinski (February 28, 2005). "Expansion planned by new Showcase mall owner". Las Vegas Sun. Retrieved 2015-07-20.
  20. ^ a b Hubble Smith (September 30, 2011). "Portion of Showcase mall sold for $93.5 million". Las Vegas Review-Journal. Retrieved 2018-01-23.
  21. ^ Eli Segall (July 2, 2014). "Sale of Showcase Mall a rarity among Las Vegas Strip properties". Vegas Inc. Retrieved 2015-07-18.
  22. ^ Eli Segall (January 15, 2015). "For $140 million, another portion of mall on Las Vegas Strip changes hands". Vegas Inc. Retrieved 2015-07-18.
  23. ^ Eli Segall (December 9, 2015). "Final part of Showcase Mall on Strip sold for $83 million". Vegas Inc. Retrieved 2015-12-09.
  24. ^ Eli Segall (September 20, 2017). "Showcase Mall on Las Vegas Strip plans to expand". Las Vegas Review-Journal. Retrieved 2017-09-21.
  25. ^ Jennifer Shubinski (May 25, 2004). "Adidas attraction set for Strip". Las Vegas Sun. Retrieved 2015-07-22.
  26. ^ "Adidas Performance Center store opens". Las Vegas Sun. July 23, 2004. Retrieved 2015-07-22.
  27. ^ Carol Cling (July 6, 1997). "Museum in a bottle". Las Vegas Review-Journal – via NewsBank.
  28. ^ Richard N. Velotta; Phil Levine (February 25, 2000). "Coke, a symbol for LV, to close much of Strip attraction". Las Vegas Sun – via NewsBank.
  29. ^ Suzette Parmley (June 2, 2017). "Las Vegas goes from gambling halls to shopping malls". Philadelphia Inquirer. Retrieved 2018-08-17.
  30. ^ Wade Tyler Millward (March 14, 2017). "Shoe retailer DSW opening second Las Vegas location". Las Vegas Review-Journal. Retrieved 2018-08-17.
  31. ^ "Designer Shoe Warehouse opens store on the Las Vegas Strip" (Press release). DSW Inc. August 7, 2018. Retrieved 2018-08-17 – via PR Newswire.
  32. ^ Liz Benston (September 9, 2003). "Wendy's has high hopes for new Strip locations". Las Vegas Sun. Retrieved 2015-07-26.
  33. ^ George Connor (May 16, 2003). "Strip retail projects evolving with times". Las Vegas Business Press – via NewsBank.
  34. ^ a b Amanda Finnegan (September 5, 2009). "Hard Rock opens second cafe in Las Vegas". Las Vegas Sun. Retrieved 2015-07-22.
  35. ^ Amanda Finnegan (June 25, 2010). "M&M's World store on Strip set for expansion". Las Vegas Sun. Retrieved 2015-07-22.
  36. ^ John Gurzinski (October 9, 1997). "M&M heaven". Las Vegas Review-Journal – via NewsBank.
  37. ^ a b Wade Tyler Millward (January 5, 2018). "T-Mobile opens its first ever 2-story store on the Strip". Las Vegas Review-Journal. Retrieved 2018-01-24.
  38. ^ Mike Dano (October 5, 2017). "T-Mobile customer care czar: Calls per customer down 31% since 'Uncarrier' launch". FierceWireless. Retrieved 2018-01-24.
  39. ^ Monica Caruso (April 10, 1997). "GameWorks to entertain at Showcase". Las Vegas Review-Journal – via NewsBank.
  40. ^ "It's time for the Fun Expo in Las Vegas". Las Vegas Sun. September 23, 1997. Retrieved 2018-01-23.
  41. ^ Conor Shine (February 23, 2012). "After 15 years, GameWorks closing on Strip, looking for new location to serve locals". Las Vegas Sun. Retrieved 2018-01-23.
  42. ^ Matt Guillermo (May 16, 2013). "Vegas GameWorks finds new life at Town Square". KVVU-TV. Retrieved 2018-01-23.
  43. ^ Matthew Crowley (September 27, 1999). "The grand illusion". Las Vegas Review-Journal – via NewsBank.
  44. ^ Wade Tyler Millward (June 7, 2017). "Showcase Mall on Las Vegas Strip plans $1.16M in construction". Las Vegas Review-Journal. Retrieved 2018-01-23.
  45. ^ Bradley Martin (June 22, 2017). "Grand Canyon Experience revamps at Grand Bazaar Shops". Eater.com. Retrieved 2018-01-23.
  46. ^ Michael Paskevich (December 13, 1996). "All Star Cafe latest player in the themed dining game". Las Vegas Review-Journal – via NewsBank.
  47. ^ a b "It's official: Strip's All Star Cafe to close". Las Vegas Sun. November 29, 1999. Retrieved 2018-01-23.
  48. ^ "Aladdin to sell land for condos, hotel". Las Vegas Sun. November 6, 2000. Retrieved 2018-01-23.
  49. ^ Carol Cling (March 7, 1997). "Strip gets its first multiplex with UA's Showcase 8". Las Vegas Review-Journal – via NewsBank.
  50. ^ Chris Kudialis (January 23, 2018). "Showcase Theater closes, leaving Strip without a movie house". Las Vegas Sun. Retrieved 2018-01-23.