$400 Million Urban Retail Complex Takes Shape
Marnell Corrao Associates of Las Vegas is the design-build contractor on the 1.5-million-sq.-ft., mixed-use project called Town Square.
The complex will feature a 270-room boutique hotel with contemporary décor; 150 retail shops; 12 restaurants; a 50,000-sq.-ft. fitness center, a 92,000-sq.-ft. home furnishings outlet, and an 89,000-sq.-ft., 20-screen movie theater operated by Rave Motion Pictures of Dallas. The development also will feature 210,000 sq. ft. of loft-style offices with spaces ranging from 5,000 to 40,000 sq. ft.
“Baby boomers with disposable income are the driving force behind denser urban lifestyle developments like Town Square, which offer the convenience of several different venues in one area,” said John Restrepo, principal of Restrepo Consulting Group LLC, a Las Vegas real estate analyst. “It’s also a more efficient land use that minimizes waste and sprawl, while conserving natural resources and open spaces.”