Las Vegas Strip owner files plans for new shopping complex

A Strip landlord has drawn up plans for a new shopping complex spanning more than 300,000 square feet along the famous Las Vegas casino corridor.

New York-based investment firm Gindi Capital is seeking to develop the three-story project on the east side of Las Vegas Boulevard, just south of Harmon Avenue. It would replace a group of existing properties, including the now closed Hawaiian Market.

The Clark County Commission is due to review the plans Aug. 17.

According to county documents, the 95-foot-tall project would span 302,613 square feet and include retail stores, restaurants, supper clubs, service bars and outdoor entertainment space.

Additionally, a “future hotel may be submitted later to be located at the rear of the building” but is not part of the current plans, according to a July 5 letter from the owner’s representative to the Clark County Comprehensive Planning Department.

An attempt to speak with Gindi about the proposed shopping complex failed on Thursday.

The project would reshape a busy stretch of the Strip that is heavily traveled by pedestrians and located near several megastations. The plans for the new complex also come as no surprise.

Gindi acquired the roughly 9.5-acre property in 2019 for $172 million. When it announced the purchase, the company said it was working with its design and development teams to “unveil plans for a new flagship retail, entertainment and dining experience.”

The owner also said in a June lawsuit against the owner of a former Hawaiian Marketplace business that “construction is imminent” and that he would “begin demolishing structures” by August 15.

Meanwhile, the Gindi project site sits just south of a 6-acre tract that Houston billionaire Tilman Fertitta acquired in June for $270 million.

Sources previously told the Review-Journal that Fertitta was looking to build an upscale hotel.

Contact Eli Segall at [email protected] or 702-383-0342. Follow @eli_segall on Twitter.

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