New developer may be lined up for Strip mall

Monday, April 10, 2000 | 11:29 a.m.

Mandalay Resort Group is in final negotiations with General Growth Properties to develop a 1.2 million-square-foot mall between its Mandalay Bay and Luxor hotel-casinos.

Westcor Partners of Phoenix pulled out of the project late last year, delaying the project. Mandalay and General Growth began negotiations about 90 days ago.

"We're in discussions with them, and they're in discussions with all the (potential) tenants," said John Marz, Mandalay's vice president of marketing.

Rick Moses, first vice president of General Growth, said the start of construction depends on reaching definitive agreements with anchor tenants. However, Moses could not say if General Growth was continuing negotiations with the Nordstrom department store chain, or whether the Seattle-based company was still interested after its letter of intent with Mandalay expired.

"Tenants are very sensitive about having their names discussed without prior permission," Moses said. "There is great tenant interest, but I can't tell you anything about particular tenants."

Moses expressed confidence about the mall's prospects, given its location near Interstate 15 at the southernmost end of the Strip. From this location, he said, it could serve both Las Vegas residents and Strip tourists.

"The access is excellent," Moses said.

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