Las Vegas Sun

March 29, 2024

County approves plan to expand Outlet Center

The Las Vegas Outlet Center may receive a makeover and gain additional shopping space.

During a Dec. 3 Zoning Commission meeting, Clark County approved a request that would allow an expansion and a remodel of the shopping center.

Center spokeswoman Michele Rothstein said plans are too preliminary to discuss and that a timetable for when renovations may begin or information regarding possible future merchants is not currently available.

The application approved by the county included plans that depict an almost 70,000-square-foot addition to the west side of the existing 583,732-square-foot property, which is on Las Vegas Boulevard South at Warm Springs Road.

To accommodate parking for the additional space, the plans call for new parking areas to be created on the north, south and west sides of the building.

According to county records, the approved remodel would give the center a more contemporary design.

Submitted plans depict steel shade canopies, canvas awnings, varying rooflines and decorative fabric shade structures.

The plans call for desert-themed colors including olive green, ochre, and terra cotta colors.

The outlet center has about 130 outlet stores including Adidas, Ashworth-Callaway Golf, Calvin Klein, Coach, Gymboree, Liz Claiborne, Nautica, Nike, Reebok, Tommy Hilfiger, VF Outlet and Zales Outlet.

The center is owned by Simon Property Group Inc. of Indianapolis, one of the nation's largest shopping mall owners. In Las Vegas, Simon also owns the Las Vegas Premium Outlets in downtown Las Vegas and the Forum Shops at Caesars on the Las Vegas Strip. The two outlet centers are part of Simon's Chelsea Premium Outlets group.

While Simon generally does not disclose property-by-property results, it reported this fall that its business fundamentals remained strong through the quarter ended Sept. 30, despite the national economic downturn.

"Despite the current unfavorable economic environment, core business fundamentals were relatively stable during the third quarter of 2008," Simon said in a regulatory filing.

"Regional mall comparable sales per square foot continued to increase during the third quarter of 2008, increasing 0.4 percent to $493 per square foot from $491 per square foot for the same period in 2007."

"The operating fundamentals of the Premium Outlet centers also contributed to our positive operating results for the nine-month period (ending Sept. 30), with that portion of the portfolio nearly fully occupied (by stores) at 98.8 percent, with comparable sales per square foot increasing 4.2 percent to $520 ... ."

Ashley Livingston can be reached at 990-8925 or [email protected].

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