ZZZ - GMG - VEGAS INC 2011-2014

January 30, 2012

VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more

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IN BUSINESS DINING POPULAR TAPAS RESTAURANT TO ADD HENDERSON LOCATION By Conor Shine staff writer Local restaurant Firefly will be bringing its signature mix of tapas and sangria to Henderson this spring with the opening of a location near Anthem. Located in the former home of the now defunct steakhouse Rare on South Eastern Avenue, the new Firefly will occupy a second-floor space with an outdoor balcony overlooking the valley, chef and owner John Simmons said. The location is currently being remodeled and should open in March. "The spot is really cool," he said. "I've always wanted to get out to Henderson. A lot of our guests are from there, and Your Safety Our Priority For your safety, it's important that everyone in your household know how to recognize and respond to a natural gas pipeline leak. Smell Hear See If you smell an odor similar to rotten eggs. A leak may be present even if the odor is momentary or slight. If you hear a hissing or roaring sound coming from the ground or above-ground pipeline. If you see water or dirt blowing into the air, or discolored vegetation surrounding a pipeline. Leave the vicinity immediately and don't use an automated door. From a safe place, call Southwest Gas at 1-800-447-5422 and 911 immediately, day or night. Don't turn off or on any electric switches, thermostats, or appliance controls, or start or stop an engine—or do anything that might cause a spark. Don't light matches or lighters. I think if we had a place out there they would go more often." Simmons, who also owns Firefly restaurants on Paradise Road near the Strip and on Sahara Avenue in the western valley, said he initially explored opening another branch in Henderson at a spot near Serene and Eastern avenues several years ago, but that deal DEVELOPMENT TIVOLI VILLAGE DEVELOPERS PLAN 700,000-SQUARE-FOOT MALL ACROSS THE STREET By VEGAS INC STAFF Developers of the Tivoli Village shopping center in western Las Vegas announced plans on Jan. 17 to build a massive indoor mall across the street. The project, Las Vegas Renaissance, is a 700,000-square-foot center to be built across Alta Drive from Tivoli Village. The project, with an estimated cost of $350 million, is due to be completed in 2015 and is being developed by EHB Companies. Serving the affluent northwest Las Vegas area, including Summerlin, Renaissance is part of a plan by developers to link four shopping centers totaling more than 3 million square feet. The properties, all on Rampart Boulevard north of Charleston Boulevard, are Boca Park, Las Vegas Renaissance and Tivoli Village phases I and II. Construction of Las Vegas Renaissance is due to begin after next year's completion of Tivoli Village Phase II. While the local commercial real estate market is still struggling with the lingering effects of the recession, the developers are expecting continued growth in demand for retail space over the next several years and are positioning the Renaissance's 2015 opening to coincide with the increased need, said Patrick Done, executive vice president for the Tivoli Village and Renaissance developments. "The view now is more optimistic www.swgasliving.com/safety 8 than certainly it was in the heart of the recession," Done said. "Our long-term view of Las Vegas is very bullish. We do believe retailer demand for space will continue to grow, so we're anticipating that growth to get a toehold in the market." The company's goal is to "bring on the right amount of space at the right time," he said. By locking in real estate now, developers hope to get ahead of their competitors. Plans call for Renaissance to blend with Tivoli Village's Italian aesthetic, with a link to allow visitors to go back and forth between the properties. Done said the two developments would complement each other while maintaining distinct identities, with Tivoli Village's open-air concept appealing to different retailers than the Renaissance's enclosed area will target. "The plan is to create the retail, restaurant and office hub for the entire western part of Las Vegas," he said. "It can be an all-day experience. You can come to this area and hang out at Tivoli Village, shop at Renaissance, shop at Boca Park." Developers said Renaissance would be inspired by the world's first enclosed mall, the Galleria Vittorio Emanuele in Milan, Italy. It will feature arched glass ceilings over pedestrian walkways and massive glass domes throughout. The building's exterior and store facades will feature a renaissance style that incorporates old-world architectural elements. The developers have been in discussions with tenants for its three anchor spaces for the last several months, Done said, but no final deals are in place yet. He said the anchors would be well-known, national department stores and the remaining boutiques, restaurants and stores in the center would target different price points for consumers. | 30 JANUARY 2012 | fell through. Although the menu will be similar to his other locations, Simmons said he's planning to "shake things up a bit," with some new dishes and the introduction of brunch on the weekends. "It's still going to be based around tapas, sangria and good, affordable fun," he said. 24/7

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