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Montecito Into Phase Two of Namesake Center

LAS VEGAS-The 102,000-sf second phase of the $48-million development will consist of seven buildings including inline stores, retail pads and anchor space. New tenants will include Chili's and TJ Maxx.

By Brian K. Miller | Updated on August 30, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

LAS VEGAS-Locally based Montecito Cos. is moving ahead with the second phase of its namesake center at the southeast corner of Durango Drive and Elkhorn Road in Northwest Las Vegas. The 102,000-sf second phase of Montecito Marketplace will consist of seven buildings including inline stores, retail pads and anchor space. New tenants will include Chili’s and TJ Maxx.

When complete, the $48-million development will total 13 buildings and 207,765 sf on 19.2 acres. The six-building first phase of the project, most of which opened late last year, has 104,904 sf that is anchored by a 65,000-sf Smith’s Food & Drug. Other tenants include Woodfired Pizza, Starbucks, Fed Ex Kinko’s, Pizza Hut and Great Clips. The first phase is 100% leased.

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