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$850M Village at Queensridge Going Vertical

LAS VEGAS-The 700,000-sf lifestyle center, which is one year from completion, will include 500,000 sf of retail and restaurant space, 200,000 sf of office and 41 condominiums.

By Brian K. Miller | Updated on March 30, 2008

LAS VEGAS-The first phase of the Village at Queensridge, a 30-acre, $850-million mixed-use development on the west side of the Las Vegas valley is one year from completion and on track from a leasing standpoint. The 700,000-sf phase includes 500,000 sf of retail and restaurant space in 18 buildings topped by 200,000 sf of office and 41 condominiums.

The project by Executive Home Builders is under construction at the intersection of Alta and Rampart, on the edge of the Summerlin master-planned community. The Village will occupy the northeast corner. Diagonally across the street is the Suncoast Hotel & Casino. On the southwest corner is One Queensridge Place, a four-tower, 385-unit for-sale residential development also by EHB for which the first two towers were recently completed.Currently, hundreds of workers are on the Village site, finishing up the 3,000-slip below-grade parking facility. Patrick Done, the EHB executive vice president in charge of the project, tells GlobeSt.com that steel will be coming up from the hole in the next week or so. The grand opening is slated for late spring 2009.

More importantly, Done says leases have been signed for 40% of the retail and that non-binding commitments have been made for another 15% of the retail. “If you’re close to 50% a year out from completion, that’s a good place to be,” he says.

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