Queensridge's Patrick Done

The mood around the International Council of Shopping Centers’ Spring Convention , called RECon, this year in Las Vegas might be a bit more somber this year due to a weak consumer environment and slowdown in the economy. But developers of one local project are not deterred. Tivoli Village at Queensridge, formerly called the Village at Queensridge, is an $850-million, 700,000-sf mixed-use project scheduled to open in the city’s Summerlin section next spring. Already committed to the project are Village Roadshow Gold Class Cinemas, an Australia-based outfit which took up 38,000 sf, and a number of restaurants, headed by the Cheesecake Factory concept Grand Lux Café. Patrick Done, executive vice president of the project for Israel-based developer IDB Development Corp. recently spoke with GlobeSt.com about the project and trends in his market.

GlobeSt.com: How do you envision the overall retail mix at Queensridge?

Done: It’s not a traditional shopping center mall environment. It’s clearly a mixed-use project We don not have traditional department stores, however, we do have anchor stores. The anchor stores for our development are entertainment and restaurants. We have a 38,000-sf, unique-to-the-market theater operation which is Village Roadshow. Ultimately we will have about 125,000 sf of restaurant space with new-to-the-market restaurants that will anchor the project geographically. For example Grand Lux is on the north side of the project. Mastro’s Steakhouse is on the south side. Zeffirino, an Italian restaurant which is also at the Venetian on the Strip, is centrally located. Village Roadshow is also centrally located. Much like you would see in a traditional shopping-center environment with department stores that anchor the project, our development is not dissimilar, but the anchors are restaurants and entertainment.