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October 2, 2014
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TEXAS/SOUTHWEST NEWS
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Renovation Work Completed at 384k sf Vegas-Area Retail Center

3/07/14

Vestar has completed renovation work at The District at Green Valley Ranch, a 384.1k sf landmark retail property minutes from Las Vegas in Henderson, NV. The project includes such tenants as Whole Foods, West Elm, William Sonoma and many other top lifestyle retailers.

After spending nearly $3 mil, Vestar has enhanced the overall consumer experience throughout the 37-acre center. The firm also added decorative lighting above the new Main Street, new outdoor furniture and seating areas, a splash pad for kids and improved landscaping featuring beautiful palm trees creating additional shade. With the improvements, Vestar now has the ability to partially and/or fully close the street with built in bollards for select events such as the upcoming Farmerís Market slated to kick off in mid-March.

The District is located within Green Valley Ranch, a master-planned community located in the Black Mountain foothills, about 10 miles southeast of the Las Vegas Strip. Phase one of The District was developed in 2004 and encompasses 212.6k sf of retail and office space on the west side of Green Valley Pkwy. The 21.54-acre property is comprised of 50 national and regional stores and restaurants; 88 luxury condominiums; and complementary office users.

The shopping, dining, entertainment, residences and office space are joined via a pedestrian-friendly main street plaza and a central park. Phase one is 85 percent leased to several high-profile tenants including REI, Pottery Barn, Anthropologie, Williams-Sonoma, Ann Taylor Loft, White House/Black Market, Kingís Fish House and P.F. Changís.

Phase two of The District was developed in 2006 and totals 171.5k sf on 16.02 acres. The property consists of six buildings with a retail and office tenant mix. Phase two is 82 percent leased, anchored by Whole Foods and also including tenants such as West Elm and The Cheesecake Factory.






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