/The
Las Vegas Sun/ - LAS VEGAS – The newest mall on
the Strip is going after locals with convenient parking
and an eclectic mix of stores, many of which are not found
anywhere else in the Las Vegas Valley.
Mandalay
Place, a 100,000-square-foot mall built in a walkway connecting
the Mandalay
Bay and the Luxor
resorts, will offer upscale restaurants and boutiques.
Nike's
first Nike Golf store, which will stock high-end Nike
apparel, shoes and equipment, and Urban Outfitters, which
caters to the college crowd and "urban-minded"
youths, are two of the stores unique to Las Vegas that
will open in October.
"This
is not a retail project built solely for visitors,"
Gordon Absher, spokesman for Mandalay
Bay said. "This is a very unique mix of retailers
that we think will attract local shoppers as well."
To
give local residents easy access to the mall, a special
valet section was built so that shoppers do not have to
enter either the Luxor
or Mandalay
Bay.
And
to set itself apart from the rest of Strip retail, where
visitors can find many of the same stores at different
themed properties, Mandalay Place will not be themed and
most of its 41 stores and restaurants -- at least for
now -- cannot be found elsewhere on the Strip. "It
will just be an elegant space, the retailers will be the
attraction," Absher said.
Mandalay
Place also fills a market the Mandalay Resort Group has
been absent from -- destination Strip retail shopping.
Mandalay Place is the first large collection of stores
between Mandalay
Bay, Luxor
and Excalibur,
all Mandalay Resort Group hotels and casinos on the south
end of the Strip.
The
Mandalay Place mall will be dwarfed by other high-end
retail centers on the Las Vegas Strip, including the 510,000-square-foot
Forum Shops at Caesars, 500,000-square-foot Grand Canal
Shoppes at The
Venetian and the 475,000-square-foot Desert Passage
at the Aladdin.
The Fashion Show mall, also on the Strip, is about 1.9
millions square feet.
Mandalay
Place is the second Las Vegas mall to open this year.
The Las Vegas Premium Outlets, a 435,000-square-foot outlet
mall, opened in August.
Early
on, Mandalay had talked with British retailer Harrods
and upscale chain Nordstrom about anchoring a much larger
mall. Those talks were scuttled and the project was scaled
back to about half its original cost.
One
new retailer isn't worried about the draw of other malls
and expects to attract customers from one of Mandalay
Bay's restaurants, Charlie Palmer's Aureole. Named for
the ideal temperature at which fine wine should be served,
55 Degrees Wine + Design will be run by Andrew Bradbury,
Aureole's wine director and is not connected to the restaurant.
"This
will be a one of a kind retail store for fine wine in
the world," Bradbury said. The
store will sell not only wines, but will have a wine-tasting
bar and accessories.
Along
with the mall's unique grouping of stores, several eateries
are scheduled to open during the mall's rolling opening
throughout October and November.
Restaurateur
Piero Selvaggio, owner of Valentino's at the Venetian,
will open a second Las Vegas restaurant, Caffe Giorgio,
at Mandalay Place.
Selvaggio
described the Italian restaurant like a tiramasu, a fine
dessert with many layers.
The
restaurant will have a deli counter, a gelato stand and
finger-food at the bar. A casual dining area fronts the
restaurant, while in the middle is a more intimate setting.
At the back of the restaurant is an event space. "The
restaurant is a place with many different things, but
everybody can find something," Selvaggio said. Mandalay
Resort officials did not give an exact opening date of
the mall.
The
company developed the mall itself, rather than partnering
with a retail developer. It is expected to cost from $30
million to $40 million -- a fraction of the roughly $300
million the company spent on new projects in fiscal 2003.
Mandalay executives are projecting annual sales of $750
per square foot for the mall. |