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2M-SF, 16-Story WMC Building Tops Out

LAS VEGAS-Completion of the $540-million structure next year will take the total built space at World Market Center to five million sf, with seven million still to come.

By Brian K. Miller | Updated on September 10, 2007

LAS VEGAS-The third and largest building planned for World Market Center here topped out last week having been largely preleased, according to those involved. Completion of the 2.1 million-sf, 16-story structure next year will take the total built space at World Market Center to 5 million sf. It sounds like a lot until you consider that it will still be less than halfway complete on a square footage basis; the estimated $3-billion development calls for eight buildings totaling 12 million sf, which would make it the largest trade complex in the world.

PENTA Building Group, the general contractor named to build the $550-million third building says more than 2,500 construction workers and 60 ironworkers used 16,500 tons of steel to erect the 16-story skeleton. In addition, some 72,000 cubic yards of concrete will be used to complete the building, which will have 130,000-sf floor plates, 34 escalators, 13 elevators and 400 showrooms. Completion is scheduled in advance of Summer Las Vegas Market, taking place July 28 through Aug. 1, 2008.

World Market Center is an integrated home and hospitality contract furnishings showroom and convention complex in Las Vegas, a place where designers and manufacturers lease space to show off their latest products to retailers and other wholesale buyers. WMC was conceived by real estate developers Jack Kashani and Shawn Samson in 1999. In 2004, they brought on the Related Cos. LP of New York to help finance the development.

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