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If you have a car or are a local with a middle class budget, the top regional mall is the Galleria in Henderson on Sunset Blvd. which has 154 stores and restaurants in 1,051,000 square feet. The Boulevard Mall on Maryland Parkway is bigger with about 170 store/food outlets in about 1,130,000 square feet. Neither is recommended for mall walkers.
Las Vegas absorbs about 1.8M square feet of new retail space a year with one of the lowest retail vacancy rates in the U.S. (under 5%). Most new projects are about two-thirds pre-leased. In 2009 there could be several large regionals opening to take advantage of this capacity absorption ability.
The northwest part of the city could see the Great Mall of Las Vegas add about 1.2M GLA. It will be near 95 and the 215 with both an indoors and outdoors motif. It might open late 2009 or slip into 2010.
The Summerlin Centre is an outdoors mall scheduled to add roughly 1.4M GLA at the intersection of 215 and Sahara. They have already signed up Nordstrom and Crate & Barrel’s first Vegas representative. Of these 3 malls, it is the furthest along.
Desert Star in the under-stored North Las Vegas area (N. Fifth and Craig) is scheduled for about 1.2M square feet with a design very similar to the outdoors Desert Ridge in Phoenix. All three of these projects could add about 360-480 additional stores/restaurants to the Las Vegas area by Vegas Made Easy.com’s estimates.
Although Vegas is already a very good shopping destination (and outstanding for the upscale segment) it will become even better in 2009. If you have a car, there will be a number of choices for you to spend an afternoon and money.
      
       
    
      
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