The Shoppes at The Palazzo to Open January 18, 2008, Barneys New York Set to Make its Las Vegas Debut
November 30 2007 - 5:00AM
PR Newswire (US)
Las Vegas' Newest Resort Takes Luxury Retail to New Heights LAS
VEGAS, Nov. 30 /PRNewswire-FirstCall/ -- The Palazzo, a Las Vegas
Sands Corp. (NYSE:LVS) resort nearing completion in the heart of
the famed Las Vegas Strip, today announced that The Shoppes at The
Palazzo -- the 450,000-square-foot luxury retail component of the
project -- will open to the public on January 18, 2008. Anchored by
an 85,000-square-foot Barneys New York, The Shoppes at The Palazzo
will feature more than 60 lavish boutiques and comprise the most
luxurious retail offerings in Las Vegas to date, according to Rob
Goldstein, president of The Palazzo and its sister-property The
Venetian. "Barneys New York is more than just the world's emporium
of style. It will serve as a landmark for The Palazzo with its
iconic red awnings and award-winning window displays that will
front the Las Vegas Strip," said Goldstein. "Barneys, considered a
leading retailer for the fashion-forward, will be an unparalleled
shopping destination among Las Vegas properties underscoring the
ultra-luxurious experience to which The Palazzo is committed. We
couldn't ask for a stronger and more appropriate anchor for the
resort's profile and anticipated guest base." In addition to
Barneys New York, a remarkable 20 stores and luxury brands are
making their Las Vegas debuts at The Palazzo. They include Chloe,
Tory Burch, Christian Louboutin, Diane Von Furstenberg, Van Cleef
& Arpels, Anya Hindmarch, Poleci, Lambertson Truex, Phillipe
Charriol, Edidi, Piaget and Michael Kors. These new additions to
the Las Vegas Strip will be joined by the likes of Ralph Lauren,
Jimmy Choo, Piaget, Burberry, Salvatore Ferragamo, Fendi, Bottega
Veneta and Montblanc to present one of the most upscale retail
destinations under one roof in the United States. The Shoppes at
The Palazzo will also be home to more than a dozen restaurants
featuring a variety of cuisine from a star-studded collection of
award-winning chefs. The new restaurants include CarneVino by Mario
Batali, CUT by Wolfgang Puck, Table 10 by Emeril Lagasse, and
Restaurant Charlie by Charlie Trotter, as well as Dos Caminos,
Grand Lux Caf�, Jade, Mainland, Morels French Steakhouse &
Bistro, Prime Blue Grill, SUSHISAMBA, and Woo. "In a city like Las
Vegas, making a statement can be challenging," said Goldstein. "But
The Shoppes at The Palazzo, with dozens of the world's premier
luxury brands and a star-studded restaurant line-up, is set to take
luxury retail and dining to the next level in Las Vegas." Not to be
outdone by its retail and restaurant counterparts, entertainment
and recreation will also be a powerful draw at The Palazzo. A new
65,000-square-foot Canyon Ranch SpaClub, the Las Vegas version of
the dynamic 40/40 sports bar and lounge, a unique Lamborghini
showroom, gift store and cafe, and Broadway smash-hit Jersey Boys
(which will take up residence in a new 1,650 seat theater in the
spring of 2008) will all add to the energy and excitement of The
Palazzo. Las Vegas Sands Corp. plans to soft-open the resort in
late December 2007 with grand opening festivities beginning the
evening of January 17, 2008. The Shoppes at The Palazzo is the
newest member of the elite collection of America's Premier Shopping
Places (http://www.americasshoppingplaces.com/), the nation's
largest collection of tourism oriented shopping centers from Boston
to Hawaii. Both The Palazzo and The Shoppes at The Palazzo are
developments of Las Vegas Sands Corp. General Growth Properties,
Inc., the second largest U.S.-based publicly traded Real Estate
Investment Trust (REIT), and owner of six other Las Vegas retail
properties, has purchased The Shoppes at The Palazzo and will take
possession of the retail center as owner/operator on January 18,
2008 -- the day it opens. THE PALAZZO RESORT HOTEL CASINO The
Palazzo is a stand-alone resort currently being built by Las Vegas
Sands Corp. (NYSE:LVS) in the heart of the famed Las Vegas Strip.
When combined with the neighboring Venetian and Sands Expo and
Convention Center, The Palazzo will give the company the largest
hotel and convention complex in the world. In addition to Jersey
Boys, the Palazzo will feature more than 3,000 all-suite rooms and
offer its new shopping, dining and entertainment on two luxurious
levels. The 450,000-square-foot retail space, The Shoppes at The
Palazzo(TM) will be highlighted by Barneys New York and connected
to The Venetian via The Grand Canal Shoppes. It will house more
than 60 high-end and premium stores from the most recognizable
brands to the hottest newcomers and unique one-of-a-kind boutiques
drawn from all over the world. Additionally, The Palazzo will offer
more than a dozen new restaurants from renowned chefs, many of whom
are not yet featured in the Las Vegas area. GENERAL GROWTH
PROPERTIES, INC. General Growth Properties, Inc. is the second
largest U.S.-based publicly traded Real Estate Investment Trust
(REIT). General Growth currently has an ownership interest in or
management responsibility for a portfolio of more than 200 shopping
malls in 44 states, as well as ownership in planned community
developments and commercial office buildings. The portfolio totals
approximately 200 million square feet of retail space and includes
more than 24,000 retail stores nationwide. In Las Vegas, General
Growth's portfolio includes Fashion Show (1.8 million sf); The
Grand Canal Shoppes at The Venetian (500,000 sf); Meadows Mall
(950,000 sf); and The Boulevard Mall (1.2 million sf). Future
southern Nevada retail centers include The Shoppes at Summerlin
Centre (1.6 million sf), opening Fall 2009 and Echelon (300,000
sf), opening 2010. General Growth Properties, Inc. is listed on the
New York Stock Exchange under the symbol GGP. For more information,
visit http://www.generalgrowth.com/. Media Contacts: Ron Reese or
Mindy Eras 702.414.4334 DATASOURCE: The Palazzo CONTACT: Ron Reese,
or Mindy Eras, +1-702-414-4334, for The Palazzo Web site:
http://www.venetian.com/ http://www.americasshoppingplaces.com/
http://www.generalgrowth.com/
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