The Howard Hughes Corporation Announces Macy's Signs on as First Anchor Tenant at the Shops at Summerlin
The Howard Hughes Corporation (NYSE: HHC) and Macy's (NYSE: M) today announced that Macy's will serve as the first anchor for the Shops at Summerlin. The agreement confirms the restart of the highly-anticipated development in the heart of the acclaimed Summerlin master planned community.
The Shops at Summerlin, one of the premier regional mixed-use development sites in the U.S., will be part of a planned urban center which will serve the entire Las Vegas Valley. When complete, it will include retail, entertainment, office, hotel and multi-family residential, designed to create a vibrant, walkable urban core in the heart of the affluent 22,500-acre master planned community.
The Shops at Summerlin will feature over 125 stores and restaurants in an open-air shopping environment with pedestrian thoroughfares and engaging storefronts. The contemporary “Main Street” concept will incorporate cooling shade features, rich desert landscaping and outdoor dining to create a destination with an authentic Las Vegas sophistication and glamour. The 106-acre, 1.5 million square foot complex along the Clark Country 215 Beltway will also include a nine-story office building.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.