Grand Canal Shoppes

Grand Canal Shoppes
Location Paradise, Nevada
Address 3377 Las Vegas Boulevard
Opening date May 3, 1999 (May 3, 1999)
Developer Las Vegas Sands
Management General Growth Properties
Owner General Growth Properties
No. of stores and services 52
No. of anchor tenants 1
Total retail floor area 500,000 sq ft (46,000 m2)
No. of floors 3
Parking 4,000 (shared with The Venetian and The Palazzo
Website Grand Canal Shoppes

The Grand Canal Shoppes is a 500,000 sq ft (46,000 m2) upscale shopping mall inside The Venetian Hotel & Casino and The Palazzo on the Las Vegas Strip in Paradise, Nevada.

The mall was opened along with the Venetian in 1999. The mall has indoor canals, where gondolas take people around the mall. The mall is anchored by a flagship, high-fashion Barneys New York store and contains many designer and upscale boutiques. Live performances can be found throughout the mall.

As of 2008, the mall had 20 million visitors a year,[1] among the highest in the country.

History

General Growth Properties acquired the 400,000 sq ft (37,000 m2) mall from Las Vegas Sands in 2004 for $776 million.[2]

Grand Canal Shoppes opened in 1999. The place was a Venetian-styled shopping mall with 91 shops for retail, dining, and entertainment. Retail includes Ann Taylor, Banana Republic, Sephora, and more. In 2005, plans were made for an expansion to add 50 more shops for retail, dining, and more theater space. Plans were approved and built in 2007. The mall was originally named "The Grand Canal Shoppes", but later was renamed "The Shoppes at the Palazzo" to give credit for the hotel which the mall is in. Now the mall has over 140 shops and eateries.

On May 16, 2013, General Growth Properties Inc. sold half its interest in the Grand Canal Shoppes, including the Shoppes at the Palazzo, in Las Vegas for net proceeds of $410 million as part of a new joint venture with TIAA-CREF. GGP will continue to manage and lease the center which has sales of $1,000 per square foot.

Anchors

Venetian Macao

A replica of the Grand Canal Shoppes is built at The Venetian Macao in Macau SAR, China.

Gallery

References

  1. ↑ Spillman, Benjamin (2008-05-21). "Developers find retail haven in LV". Las Vegas Review-Journal. Retrieved 2008-05-21.
  2. ↑ Spillman, Benjamin (2008-03-29). "Initial payment for Palazzo falls short". Las Vegas Review-Journal. Retrieved 2008-03-29.

External links

Coordinates: 36°7′17″N 115°10′10″W / 36.12139°N 115.16944°W / 36.12139; -115.16944

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