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Showcase_Mall Latitude and Longitude:

36°06′12″N 115°10′20″W / 36.10342°N 115.17236°W / 36.10342; -115.17236
From Wikipedia, the free encyclopedia
Showcase Mall
The mall's facade as seen in 2009
Location Paradise, Nevada, U.S.
Coordinates 36°06′12″N 115°10′20″W / 36.10342°N 115.17236°W / 36.10342; -115.17236
Address3785 South Las Vegas Boulevard
Opening dateDecember 15, 1996; 27 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

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 Bob 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] It would be anchored by Target and Burlington department stores. [25] [26] Both stores opened in 2020 in the new building.

Notable tenants

Interior of the Grand Canyon Experience gift shop
  • Adidas Performance Center — A three-story store selling sports apparel. [27] Opened in 2004. [28]
  • Aerie — A two-story lingerie store, opened in 2018. [29]
  • BrewDog — A 30,000 sq ft (2,800 m2) rooftop brewpub, the largest location in the international chain. [30] Opened in 2022 in the mall's fourth phase, at a cost of $17 million. [31] [32]
  • Burlington — A 50,000 sq ft (4,600 m2) discount department store. Opened in 2020 in the mall's fourth phase. [33] [34] [35]
  • Coca-Cola Store — A two-story gift shop. Opened in 1997 as the World of Coca-Cola, a four-story facility, with the upper two floors containing a museum showcasing the history of Coca-Cola. [36] The museum portion closed in 2000. [12] [37]
  • FlyOver — A flying theater motion simulator attraction, located in the former movie theater space at the base of the mall's parking garage. Opened in 2021. [38] [39]
  • Food court — Opened in 2003 with nine fast-food outlets. [40] [41]
  • Hard Rock Cafe — A three-story facility including a restaurant, live music venue, and gift shop. [42] Opened in 2009. [42]
  • Lids — A two-story, 12,000 sq ft (1,100 m2) flagship store, the largest location for the sports apparel chain, opened in 2022. [43]
  • M&M's World — A four-story store selling M&M's candy and merchandise. [44] Opened in 1997. [45]
  • Olive Garden — Italian restaurant, opened in 2021 on the third floor of the mall's fourth phase. [46] [47]
  • Raising Cane's — A two-story flagship location of the fast-food chicken finger chain, opened in 2022. [48] [49]
  • T-Mobile — A two-story flagship store for the mobile phone provider. [50] [51] Opened in 2018. [50]
  • Target — A 20,000 sq ft (1,900 m2) "small-format" location of the discount retail store chain. Opened in 2020 in the mall's fourth phase. [52]

Former tenants

References

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  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)
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