Developer mum on sales report

Friday, April 20, 2001 | 11:09 a.m.

The Howard Hughes Corp. had no comment today on a report in the Las Vegas Review-Journal that it plans to sell the Hughes Center, a cluster of upscale office buildings and associated restaurant, condominium and hotel businesses at Paradise and Flamingo roads in midtown Las Vegas.

But spokesman Tom Warden said Hughes is in the design stages of two seven-story buildings at what the company calls its "3883" site in the financial center. The new buildings would add 300,000 square feet of new Class A office space to the complex.

The report stunned real estate brokers in Las Vegas who said they were unaware of a pending sale.

However, a sale could fit with owner Rouse Co.'s long-range strategy of focusing on large-scale retail projects like its Fashion Show Mall expansion on the Las Vegas Strip and a regional mall planned in the Summerlin area. Rouse is developing the Summerlin master-planned community.

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