ULI Nevada News

Symphony Park Retail – Now under construction

SYMPHONY PARK RETAIL
Prime retail and restaurant opportunity in the heart of Las Vegas. Located on 61 acres in the heart of downtown Las Vegas, Symphony Park is the city of Las Vegas’ premier development that is home to arts, culture, science and medicine. It offers one of the most exciting and prime opportunities in the city for retail, restaurant or mixed-use development. Located adjacent to World Market Center Las Vegas and its upcoming expansion; Las Vegas North Premium Outlets, a highly-trafficked outlet shopping mall; and Molasky Corporate Center, a Class-A LEED certified office tower, Symphony Park is centrally located with easy access to U.S. 95 and Interstate 15.
SYMPHONY PARK EXISTING BUSINESSES
Cleveland Clinic Lou Ruvo Center for Brain Health
• An iconic Frank Gehry-designed facility
• Engaged in cutting-edge research, clinical trials
and treatment programs
The Smith Center for the Performing Arts
• Opened in 2012
• More than two million tickets sold to date
DISCOVERY Children’s Museum
• Fun-filled, interactive museum with more
than 1.1 million patron visits since 2013
UPCOMING RESIDENTIAL PROJECTS WITH GROUND-FLOOR RETAIL OPPORTUNITIES
Given the desirability of Symphony Park, recent development activity has been strong. Two developers recently entered into Disposition and Development Agreements for two potential projects: 300 multifamily residential units with ground-floor retail; and a second multifamily residential project with 299 units and 4,000 square feet of retail.
DOWNTOWN RESIDENTIAL PROJECTS IN THE PIPELINE
There are nearly 1,000 new residential units in a variety of price points currently under development in the downtown area to meet the growing demand for urban living with an additional 4,000 units in the planning stages.
URBAN GROCERY STORE OFFERING
• Flagship grocery opportunity with storefronts on
Grand Central Parkway and Clark Avenue
• Ground-level of 700+ spaces, city-owned and
operated parking garage
• Space turnover estimated Q4 2019
• Tenant improvement allowance negotiable
RESTAURANT OFFERINGS
• Signature restaurant opportunities surrounded
by iconic anchors
• Outdoor patio seating available
• Space turnover estimated Q4 2019
• Tenant improvement allowance negotiable

Symphony Park retail and restaurants are key amenities that will service the development’s primary anchors, including The Smith Center for the Performing Arts, DISCOVERY Children’s Museum, Cleveland Clinic Lou Ruvo Center for Brain Health and more than 600 future residential units currently under development. Neighboring businesses, including those from Molasky Corporate Center, Las Vegas Premium Outlets North and future World Market Center Convention Center will also benefit from these services.
Symphony Park is within the Las Vegas Redevelopment Area right in the heart of downtown Las Vegas. The Las Vegas valley’s second largest employment center, Downtown Las Vegas boasts a major hospitality district comprised of nearly a dozen hotel/casinos with landmark museums and attractions such as Fremont Street Experience that, combined, employ thousands and draw more than 24 million annual tourists to the area.
FOR MORE INFORMATION:
Julie Quisenberry
Real Estate Specialist
Economic and Urban Development Department
City of Las Vegas
702.229.6551
jquisenberry@lasvegasnevada.gov
lasvegasnevada.gov/Business/Economic-Development
Actual development may vary. No guarantee can be made that development will proceed as described. Any artist renderings are for illustration purposes only, based upon current development concepts, which are subject to change without notice.
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