�
|
|
|
See full
view of Phase II May take up to 3 minutes to load Click on image  |
|
See full
view of Phase II May take up to 3 minutes to load Click on image  |
Why choose Las Vegas for your next retail location?
-
One Million+ residents, projected to reach 2 million by the year 2010.
-
Thirty (32+) Million visitors come to be entertained, gamble, SHOP, and enjoy the sunshine.
-
Billions have been spent on new hotel casino developments, with more on the way.
-
Astounding demographics...
-
We're building it, and you don't want to miss the boat. This will be the Forum Shops of multiple merchant shopping plaza's. Forget indoor swap meets, forget regional malls, somewhere in-between is a shopping niche that the public wants, we're building, and you'll make money as a result.
Not just gambling and showgirls anymore...
Forbes, Money, Fortune, Newsweek
Wall Street Journal and many others say: "This is where today's opportunity to make money is in America."
The Lake Shore Group, Inc.
Agrees !
Contact us by e-mail and let us show you a business plan that will knock your socks off. The most unique and forward thinking method of development to be considered in years.
WHAT THEY'RE SAYING ABOUT
TODAY'S HOT LAS VEGAS MARKET
FORBES ranked Las Vegas as the No. 1 city in which to find a job.
FORTUNE cites Las Vegas as the second best city in the country for operating a business.
BOTH Arizona State University's Bank One Economic Outlook Center & the Federal Reserve
Bank said Nevada leads the nation in job growth.
THE TRAVEL INDUSTRY ASSOCIATION OF AMERICA said Las Vegas is the top destination for
tourists to spend money, and the American Society of Travel said Las Vegas was first on
its "wish list" of travel cities.
Back to top 
SHOPPING CENTER PROJECT SUMMARY
April 2000-- The shopping
center business is changing, EATERTAINMENT and ENTERTAINMENT are fast becoming the most
important keywords to most malls, as the industry tries to lure more people to their
malls. The LAS VEGAS STRIP BAZAAR™ is unlike any mall on
the Las Vegas Strip, and will appeal to every age group and every demographic, offering
quality new merchandise, name brands and unique items, at discount prices, with
personalized service and a comfortable indoor, air-conditioned atmosphere. The
product mix and pricing will keep our shoppers coming back, and the fun, unique, easy
atmosphere that will keep them happy while they're there.
The Lake Shore Group, Inc. has developed a plan to build a unique center that
will serve the mass market of those who don't regularly shop at Tiffany's or Gucci, and
appealing to a type of tenant that is desperate for such a facility.
Plans call for a (1st phase), large indoor, air conditioned center to be built on
10 of a 20 acre land parcel (providing 800+/- parking spaces) in Las Vegas. The facility will be occupied
by approximately 300 independent merchants selling name brand goods at outlet mall prices, as well as
hard to find, one of a kind type items including apparel, electronics, jewelry,
automotive, professional, toys, crafts, pet supplies, home furnishings, art work, antiques
and a FOOD COURT operated by well known name brand tenants. A synergistic,
air-conditioned environment will bring about excellent sales, a welcome attitude from the
local consumers and a welcome change for the tourists who want value for their shopping
dollar.
Tenants will enjoy operating their retail businesses from
a newly constructed, state-of-the-art building. They will also enjoy in-house
advertising through an Intranet system, world wide exposure on the Internet, advertising
on a continuous loop run on TV monitors strategically positioned throughout the mall,
foot traffic of 6,000 daily shoppers projected to walk through this new center,
and much much more...
STATUS OF THIS PROJECT:
- Over 700 tenants with a serious interest in occupancy in this new center are awaiting the announcement that this project is moving ahead, and are currently requesting that they be placed on the list of tenants to have the first opportunity to occupy space. Tenants, to get in the list, and assure your chance to have space, click here.
- Prime "today" Las Vegas sites have been identified and negotiations are in progress.
- Development team includes THEME experts, consultants with land planning/architectural experience, and a management team, including experts in the fields of retail, accounting, legal, marketing, and more.
- Capitalization issues are being addressed and consultants are working diligently, identifying capital sources and securing capital requirements.
Back to top
LAS VEGAS DEMOGRAPHICS
General demographics of interest. Specific
demographics and site plan available upon request. Includes general data on the Las Vegas
market and specific information on the exciting Las Vegas world of expansion, growth and
development as follows:
Up to the minute demographics can be obtained by
calling The Lake Shore Group, Inc. or requesting an info-pak.
The following is a list of new businesses and the type of activity that's happening in the
Las Vegas market..
To skip over this information click here.
Back to top
------------------------------------------------------------------------
See more demographics but skip the rest of this list click
here
Skip ahead to general Las Vegas demographic information click
here
------------------------------------------------------------------------
------------------------------------------------------------------------
- Skip ahead to general
Las Vegas demographic information click here
Population doubled, economy sours, Las Vegas is the place to be !
The hottest real estate market in the United States. To the end of 1995, since 1988, $4 billion dollars have been invested in HGR (Hotel, Gaming, Resort), an increase of approximately 27,000 rooms and $9.3 million visitors. Every room generates 2.5 jobs, and it is mostly this job creation that is causing this to be the hottest market in the nation.
Since Jan. 96', Las Vegas has over $12 billion dollars either under construction or ready to start construction during the next 18 months. This will increase the number of hotel rooms by 35,577. Totals by the end of 97 equal 118,623 rooms.
Wall Street analysts predict Las Vegas to continue to boom. Indications are that demand is greater than supply. Hilton and ITT turn away more than 1 million hotel room requests per year. Mirage is constantly 110% booked. Southwest and America West airlines handle 55% of the traffic into McCarran Airport and they could double their capacity Fridays and Sundays based on demand.
Consumers spent $441 billion on leisure in >95. $68+/- billion was spent on destination entertainment, with casino gaming capturing $21.5 billion of that total.
Over 32 million tourists come to Las Vegas annually. This is more than 4 times the population of New York City. On a typical 3-day weekend, Las Vegas hosts nearly 250,000 visitors. In 1996 12.8 million visitors passed through McCarren Airport (that=s 35,000/day), 13.1 million arrived by automobile and RV, 2.5 million by bus, and 84,000+ by train. The average room rate is $58.
Population projection: Year 2007 - 2 million. Greater Las Vegas reached a population of 1 million people in 1994. State demographic experts predict the population to hit 3 million by 2015.
Fastest growing city in the nation.
#1 in job growth (a 10.7% increase).
Hottest housing market in the nation.
Rated #9 by Money Magazine of the top ten cities in America to live in, up from 34 the previous year
Back to topBest retirement city (better than Florida) per two independent surveys.
#1 State for business climate (for instance: $2.05 Billion in retail sales for June 96'.
#1 State for corporate registration (advantageous tax and secrecy laws)
Las Vegas= bond rating was upgraded to AAA-@ by Standard and Poors.
Total Projected Room Inventory by 12/31/98 = 147,959.
Current occupancy rates over 93.5%.
Total expenditures by projected hotel development and/or expansion 1996 = $2+ Billion. Includes Stratosphere, Monte Carlo, Orleans, New York/New York.
Total expenditures by projected hotel development and/or expansion 1998 = $4 Billion. Includes Aladdin, Binion's, Fitzgerald's, Hard Rock, Radisson, Palace Station, Rio, Tropicana, Sunset Station.
Total expenditures by projected hotel development and/or expansion 1998 = $4-4.5 Billion.
Includes Bellagio, Lake Las Vegas, Paris, Rio, Sands, Caesar's, Starship Orion
To put things into perspective - Las Vegas attracts over 31 million visitors in >95 and had over 90,000 rooms in that year. San Francisco which is listed by Conde Naste as the favorite city to visit in the country has 30,575 rooms and attracted 16 million visitors in >95.
5,000 to 6,000 people move to Las Vegas each month.
McCarran International Airport - 8th busiest airport in the nation, 11th in the world. Busier than Houston, New York, Detroit, Hong Kong and Paris. June 96' saw 2.5 Million passengers, that=s an average of 81,000/day (an 8% increase).
Fortune 500 companies are moving quickly to Las Vegas, it=s central location, tax advantages, and overnight delivery to all southwestern markets. Ocean Spray and Levi Strauss have opened manufacturing and distribution centers, among others.
United States Gaming numbers in 1993 were $394,000,000,000. 94' = $428,000,000,000, a 22% increase.
Nevada Statewide Gross Gaming numbers historically:
year amount increase Clark County Gross Winnings increase
1990 $5,460,000,000 14.9% $4,100,000,000 19.5%
1991 $5,570,000,000 1.6% $4,150,000,000 1.2%
1992 $5,870,000,000 5.4% $4,380,000,000 5.5%
1993 $6,250,000,000 6.5% $4,730,000,000 7.9%
1994 $7,010,000,000 12.2% $5,430,000,000 14.9%
1995 $7,150,000,000 7.6% $5,560,000,000 9.0%
1996 $7,500,000,000 6.0% YTD
Nevada casinos gave away $1,500,000,000 in comps (complimentary meals, rooms, drinks, shows, etc.) to customers in >94.
Clark County Car Dealers - 1993 fiscal sales = $1,100,000,000 (up 14.7%). 1994 fiscal sales = $1,300,000,000, an 18.2% increase. Fiscal >95 YTD up 28.8%.
Conventions - #1 location for megaconventions in the nation. 2,443 conventions in 1993 with 2,400,000 delegates who injected $2,250,000,000 into the Las Vegas economy. 1994 saw a 10% increase to 2,684,000 delegates bringing in over $3,000,000,000 into Las Vegas 1st quarter 1995 18.2% increase in convention attendance. Currently there is over 3,400,000 sq.ft. of convention space in Las Vegas, 50,000 sq.ft. was finished in 1994, with more under construction. (See list on following pages).
Retail Business - Nevada 1994 taxable sales were up 15.6% over 1993. YTD 1995 up 10.7%. There is 26,700,000 sq.ft. of existing space. Approx. 2.3 million sq.ft. built in 1990. 2 million sq.ft. came on line in 1992. Approx. 748,000 sq.ft. was added in 1993. Almost 1 million more in 1994. Average current vacancy - unanchored-12.5% -14%. Anchored 5.2% - 9%. Lease rates unanchored $0.70 - $1.35. Anchored $0.95 - $1.70, on the Strip $5.00 - $7.00 - $12.00. Over 3 million sq.ft. was added by spring of 1996.
Office space - Year end 1995 approx. 11,700,000 sq.ft. in the Las Vegas market. Vacancy rates - downtown 6%, suburban east 9.2%, suburban west 5.3%. Overall 6.8% - 7.0%. Note: 2% vacancy in class AA-space. 95 overall vacancy 4%. Average weighted lease rate $1.40 - 1.65 sq. ft. Project 2000 projects a net absorption from 1995 to 2000 will be 3,200,000 sq.ft. with vacancy increasing from 9.6% to 10.6% by the year 2000.
Industrial - Year end 1995 approx. 38,000,000 sq. ft. Overall vacancy close to 1.8%. Split between: Backroom/Office/R & D 15%, Service Related 26%, Warehouse/Distribution 48%, Manufacturing 11%. 1995, 2,046,000 sq.ft. under construction, of that 967,000 is build to suit. Project 2000 quote A next five years 16,000,000 sq.ft. of new space will be under construction. Vacancy will increase to 5.7% by the year 2000.
Back to top
Jobs - 51,500 jobs created in 1994, a 7.3% increase through Feb. 1996. 39,000 in metropolitan Las Vegas, with a 5.9% unemployment rate. The City of Las Vegas was third behind Orlando #1 and Salt Lake #2. Projecting 4% growth in 1995 to a 3% growth in >96. 2nd quarter >95 saw a 2.1% gain in personal income growth in Nevada, leading the nation.
Residential Market - 94% - 97% occupancy during 1994. Multi-family in Clark County increased from 55,791 in 1985 to approximately 100,720 in 1993. This represents a growth of 74.69% (annual increase of 11.45%). Construction in 1993 added 2,600 units. In 1994, the cost per door was around $7,500 for raw land. Today, average costs are ranging $8,000 to $9,000/door, and much is going for $10,000 to $12,000/door. Occupancy rates will remain high due to a lack of construction financing and a lack of apartment zoned land.
New Single Family - 1989 - 9,743 units, 47% increase. 1990 - 12,362 units, 26% increase. >91 - 11,145 units, 9.8% decrease. 1992 - 11,255 units, 1% increase. 1993 - 14,239 units, 26.6% increase. 1994 - 18,917 units, 32.4% increase. 1995 - 16,104 units, 6.9% decrease.
Low interest rates and market demand keeps absorption strong. Sales 1996 data counts 325 subdivisions showing 1,413 floor plans at an average price per sq.ft. of $77.21. Median price of new home increased to $121,500 in 1994 and $125,000 in Nov. 1995. Attached Product - Townhomes and condo's have increased their market share from 14% to 21%. Resale Homes - 12,935 sales in 1995, a 7% increase over 1994.
Master Planned Residential Developments - 36 different communities in Las Vegas. 18 are over 300 acres, 12 are over 1,000 acres. More under construction or being proposed.
Golf Courses - 25 existing, 4 under construction. 15 more proposed or in design stages. Demand far exceeds supply.
Gold Production - #1 State in U.S. gold production. Reached 6,800,000 troy ounces in 1994, and 23,200,000 troy ounces in silver. Nevada mines 6.4% of the world's gold production.
BLM land still very much protected. 86% of Clark County is owned by the Federal Government. Most of the BLM exchanges have occurred south and east of McCarran airport, and south of Spanish Trail.
Newest Transportation Arteries - Beltways, airport connector, Desert Inn Super Arterial, Sahara Fly/Over, 2nd Phase Spring Mtn. Interchange, Russell Rd. Interchange, Arterial improvements, Resort Corridor Study and Spaghetti Bowl Study. Over a billion dollars in current improvements.
Monorails, trains, subways, people movers, pedestrian bridges, and skyways are all being considered to ease congestion along the Las Vegas Strip. Based on projections, the city will need 18 new North/South lanes and 22 new East/West lanes to handle Las Vegas Strip traffic by the year 2010. Resorts are actively looking for other solutions, to avoid cutting into their casino space. A 4-lane frontage road east of I-15 running behind (west) the Hacienda, Luxor, Excaliber, New York/New York, Monte Carlo, Bellagio, Caesar's, Mirage and connecting to Industrial. This is 3 years away, and should ease immediate traffic concerns.
Back to top
What's New
Convention/Meeting Facilities
What's New
Convention/Meeting Facilities
The Las Vegas Convention and Visitors Authority is expanding its convention facilities
with 321,000 square feet of exhibit and meeting halls, bringing its square footage to over
1.6 million square feet. It will be the largest facility of its kind upon completion.
Star of the Desert Arena in Primm accommodates more than 6,500 fans for concerts, athletic events and conventions in this new special events center.
EntertainmentEntertainment
Fantasy Theater, at the Gold River Hotel and Casino in Laughlin, opens the curtains for
Flash: A Magical Mystical Adventure, an elaborate Broadway musical complete with illusions
in its new luxury 350-seat showroom.
Gameworks is the ultimate in arcades. Located next to the Showcase Mall on the Las Vegas Strip, Gameworks has 300 Sega video games for playing selection, along with a 75-foot climbing wall.
Food and DrinkFood and Drink
Colorado Belle Hotel Casino in Laughlin has a new 5,000 square foot Boiler Room micro
brewery & restaurant.
In Las Vegas, the Harley Davidson Cafe features a "Giant American Road Food" menu and the largest collection of Harley-Davidson memorabilia in the 90-year history of the company.
MGM features the Rainforest Cafe, a unique dining environment filled with animatronic wildlife. Also new is the Studio Walk retail center with the legendary Brown Derby restaurant and Studio 54, a New York style nightclub.
GolfGolf
Desert Pines Golf Course is a $20 million, 6,810-yard course east of Las Vegas. Patterned
after Pinehurst in South Carolina, it is dotted with over 3,000 trees, some already 40
feet tall.
Mount Charleston Golf Resort provides a unique experience for families with a nine-hole course and the Alpine Village which offers two 18-hole mini-golf courses, an arcade, 1,700 square feet of specialty shopping and an ice skating rink.
Primm Valley Golf Club's first
course, known as the Lakes Course, has seven large lakes on the 6,945-yard, 71 par
facility.
Back to top
Historical/Cultural
Gallery of Fine Arts at Ballagio $285 million art collection on display daily.
Hotels/Resorts/Casinos
Bellagio-The Resort in Las Vegas opens in October, 1998 with a choreographed ballet of
water, music and lights on a nine-acre lake, European fountains, pools, 3,000 lavish
rooms, upscale shopping and elegant restaurants. -The Resort in Las Vegas opened in October, 1998 with a choreographed ballet of
water, music and lights on a nine-acre lake, European fountains, pools, 3,000 lavish
rooms, upscale shopping and elegant restaurants.
The Boulder Dam Hotel in Boulder
City The Boulder Dam Hotel in Boulder
City has been renovated to include 24 bed and breakfast rooms, a 100-seat meeting
room, a museum, art gallery and an upgraded 75-seat theater. The hotel is also home to the
Boulder City Chamber of Commerce.
Budget Suites of America Budget Suites of America has two new locations in Las Vegas, one at Rancho & Lake Mead and another at Tropicana & Procyon.
Circus Circus Hotel, Casino and Theme Park, Circus Circus Hotel, Casino and Theme Park, Las Vegas, now offers a 1,000-room hotel tower, a vast shopping mall, and two new restaurants.
Caesar's PalaceCaesar's Palace, Las Vegas, has a dazzling new addition: the 29-story, 1,200 room Palace Tower, featuring three pools in the new Garden of the Gods complex and more shops in the enlarged Forum retail center.
The Desert Inn Resort & Casino - Look for amazing things from Steve Wynn in the near future.
The Four Seasons Hotel in Las VegasThe Four Seasons Hotel in Las Vegas, expected to open in early 1999, is a 400-room five-star luxury hotel within Mandalay Bay.
Grand Bay Hotel in Henderson Grand Bay Hotel in Henderson offers 200 well-appointed rooms, 210 luxury condominiums, office space, a casino, and 100,000 square feet of specialty shopping and a world-class spa.
The Hard Rock HotelThe Hard Rock Hotel, east of the Las Vegas Strip, has built a wonderful $85 million addition, expanding the resort to 650 rooms.
Harrah's Las Vegas Harrah's Las Vegas has added more than 30,000 square feet of casino floor, a 35-story hotel tower, a race and sports book, an entertainment courtyard, retail center, and six new restaurants.
Hawthorn Suites Hawthorn Suites in Las Vegas is a new 281 all-suite property.
The Luxor The Luxor in Las Vegas added two 22-story towers, 18,000 square feet of convention center space, a 1,200-seat showroom, luxurious health spa, and two new restaurants.
Mandalay Bay Mandalay Bay (formerly referred to as Project Paradise) in Las Vegas features a 43-story resort surrounding a 10-acre tropical lagoon complete with an Hawaiian-style surfing beach and a swim-up shark tank. Pavarati and Dilan opened this hotel, it is quite spectacular.
Masquerade Village at the Rio Suite Hotel & Casino Masquerade Village at the Rio Suite Hotel & Casino brings Mardi Gras to Las Vegas with more than 1,000 additional suites, 30,000 square feet of gaming space, a wine cellar and tasting room, and six restaurants, with one on the 51st floor.
The MGM Grand The MGM Grand in Las Vegas, touted as the "City of Entertainment," completed a $750 million renovation, and expansion of its convention center in spring 1998. A new 45-foot tall, 50-foot-long glistening lion that looks like liquid gold has been added to the exterior entrance. The lion, perched atop a 25 foot high pedestal, is the focal point and icon for the nation's largest hotel.
Paris Casino Resort Paris Casino Resort includes a 50-story replica of the Eiffel Tower to Las Vegas' skyline, in addition to 3,000 well-appointed rooms, nine restaurants, a health spa, and convention center.
Residence Inn by Marriott Residence Inn by Marriott welcomes guests in its 255 extended-stay suites that are equipped with kitchens and all the comforts of home. Located in the Howard Hughes Center in Las Vegas.
The Resort at Summerlin (recently renamed The Regent) The Resort at Summerlin, opened in 1999 in the Las Vegas Valley, with a total of 456 rooms spread between two hotels on a 54-acre, five-star complex. They did a lovely job, and though the property got off to a rough start, it's bound to be a success.
In Spring 1999, the Ritz-Carlton at Mountain Spa in Las Vegas was scheduled to present 480 indulgent suites and 46 villas, a decadent spa, 27 holes of championship golf, five restaurants, a convention center, and seven tennis courts.
Sunrise Resort and RV Park in Las Vegas Sunrise Resort and RV Park in Las Vegas has more than 300 kitchenette suites, 240 full-service RV spaces, a clubhouse, a new casino, and a courtyard complete with picnic tables and gas BBQs. The property was purchased by Arizona Charlie's and is doing quite well.
Sunset Station Hotel and Casino Sunset Station Hotel and Casino in Henderson has 450 beautiful rooms, a 13-screen movie theater, six restaurants, a micro brewery, retail shops, a swimming pool, and a Kids Quest child-care facility.
The Venetian The Venetian brings Venice, Italy to Las Vegas with 6,000 luxury suites, two state-of-the-art casinos, 15 world-class restaurants, a convention center, and 150 prestigious specialty shops. Gaming license applications were approved 2/99 and the hotel has been a success, despite some opening jitters.
Recreation
Lake Mead Recreation
Lake Mead Cruises has outrageous scenery, outrageous hospitality, and outrageously
great times this summer! Check out the new SEA-DOO guided tours, the Grand Canyon tours
aboard the jet boat, Outrageous, and the Lake Mead cruises aboard the Desert Princess.
Shopping
Fashion Outlet of Las Vegas Shopping
Fashion Outlet of Las Vegas adds 400,000 square feet of high fashion shopping as well
as restaurants. Fashion Outlet was acquired in Feb. 2000, and plans to expand
are in the works.
The World of Coca-Cola, Las Vegas The World of Coca-Cola, Las Vegas opens its doors to four stories filled with shops and a museum that showcase everything that is Coke.
Back to top
Sightseeing/Tours
ATV Action Tours Sightseeing/Tours
ATV Action Tours out of Las Vegas offers brand new off-road adventure tours. The trek
encompasses approximately 130 miles of scenic wonders: fascinating geological features,
unusual rock formations and thrilling off-road trails. Each adventure is accompanied by a
professional guide and packed with extraordinary excitement for the spirited trail blazer.
Throughout the Downtown Las Vegas area, vintage neon signs from a by-gone era are being erected and more are on the way. There you'll find the Hacienda Horse and Rider, Aladdin's Lamp, the Anderson Dairy Milkman and the Fifth Street Liquor Sign.
The Las Vegas Sky Diving Center at the Jean Airport offers skydiving lessons and planes for adventurers in the clouds.
Nevada's oldest and largest helicopter operator, Sundance Helicopters, provides visitors with one-of-a-kind sky-view tours of the Grand Canyon, Bryce and Zion National Parks and Mount Charleston. Sundance now offers the "VIP" tour of the Valley of Fire.
Transportation
Transportation
By summer 1998, McCarran International Airport now has 70 additional
gates in the new "D" terminal and four new baggage claim carrousels.
Direct flights from Japan to Las Vegas have begun. McCarran is making a big push for
International visitors.
LEASING - GET ON THE LIST NOW,
SPACE IS LIMITED
If you're interested in becoming a tenant, please
contact our leasing department by e-mail,
or by calling the number shown below. If you desire information on leasing space,
please let us know, and a leasing package will be provided. SPACE IS LIMITED
- There is no obligation to lease if you put your name on our leasing list, until you've
paid a deposit. So, ACT NOW !
INVESTOR RELATIONS
If you're interested in the financial aspects of this project, please contact Investor
Relations by e-mail or at the
number(s) shown below.
For More Information Contact:
LSG
Leasing Dept.
P.O. Box 20514
Las Vegas, Nevada 89112-0514
United States
Tel: 1 (800)480-3106
Fax: 1 (702) 456-6399
Information via e-mail: Information and pre-leasing 
Investor Relations
Go back to:
Shopping Center Project Summary
What They're Saying
About Today's Hot Las Vegas Shopping Center Market
Investor Relations
Leasing - Get on
the list Now, Space is Limited
Las Vegas Demographics
What's New In Las Vegas
Back to top