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Neighbors Share in Wynn's Winnings

While new developments in Las Vegas receive immense reverence from visitors, media and competing hotel casinos, older neighbors are basking in the spotlight spillover. Most recently, Steve Wynn's $2.7 billion megaresort was unveiled. Five years from the day Wynn purchased the 217-acre site of the former Desert Inn, Wynn Las Vegas opened to a crowd of 10,000--many of which were ready to indulge in the Las Vegas experience. Across the Strip, the 1.9 million-sf Fashion Show mall shared in the festivities by welcoming an influx of visitors.

By Dana Dubriwny | Updated on May 19, 2005

In Las Vegas, where the stakes are based on flamboyancy, richness and wizardry, each new development is a stand-alone destination offering accommodation, retail and gaming. As the spotlight shines on these new developments, light is also shed on nearby neighbors.

At the end of last month, the $2.7-billion Wynn Las Vegas was unveiled. With 75,000 sf of retail space, the Wynn offers grand-scale names Chanel, Louis Vuitton, Manolo Blahnik and Cartier, just to name a few. The development and its retailers, not surprisingly, are bringing an influx of visitors to the area, but Wynn is not the only one to profit from the success.

Located directly across the Strip in the shadow of Wynn sits the 1.9 million-sf Fashion Show mall, a 250-tenant shopping center. Since Wynn’s grand opening, the mall has experienced a whirlwind of activity.

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