Fashion Outlets of Las Vegas is a 371,000 square feet (34,500 m2) outlet shopping center in Primm, Nevada, located just off Interstate 15 at the California state line, approximately 40 miles (64 km) southwest of Las Vegas. It is managed by Rouse Properties and owned by Brookfield Asset Management, on land leased from the Primm family.
The mall has 58 stores and restaurants, with some of its largest shops being outlets of Polo Ralph Lauren, Williams Sonoma, Banana Republic, and Coach. The mall is divided into two themed courts: the Urban Court and the South Beach Court. The Fashion Outlets are connected to the Primm Valley Resort.
Video Fashion Outlets of Las Vegas
History
Plans for the mall were announced in September 1995. Construction began in May 1997. It began as a joint project between two shopping center developers, the Gordon Group and TrizecHahn. The mall opened on July 16, 1998, at a cost of $75 million. TrizecHahn was set to sell its interests in the mall to the Rouse Company, but the sale did not materialize. Talisman Cos., a Florida-based real estate developer focused on turning around underperforming shopping centers, acquired a stake in the property in 2000, and by the following year, was reported to be seeking full ownership.
Talisman announced in 2007 that it had obtained a $141 million loan to finance an expansion of the mall from 371,000 square feet (34,500 m2) to 521,000 square feet (48,400 m2). In 2012, the mall took out a $73-million mortgage, along with a $32-million loan from Brookfield Asset Management. Brookfield foreclosed in 2016, taking ownership of the mall. By late 2017, the mall's mortgage was reportedly in default.
Maps Fashion Outlets of Las Vegas
References
External links
- Fashion Outlets of Las Vegas
Source of the article : Wikipedia
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