Las Vegas Premium Outlets North

Las Vegas Premium Outlets North is an outdoor outlet shopping center on approximately 40 acres in downtown Las Vegas, Nevada, immediately north of the Las Vegas Strip and beside Interstate 15. The property is part of Simon Property Group's Premium Outlets chain and is owned and managed by Simon. It was developed through a partnership between Chelsea Property Group and Simon Property Group, opened in 2003, and subsequently expanded in 2008 and 2015. The center emerged from a downtown redevelopment effort promoted by former Las Vegas mayor Oscar Goodman, who took office in 1999 and supported projects intended to stimulate activity north of the casino corridor. The mall was announced in 2001, construction began in July 2002, and the project was built on a 40-acre site by Jacobsen Construction and Hardin Construction Group. It had a soft opening on August 1, 2003, followed by its formal opening approximately one week later. The development was designed in the style of other Chelsea and Simon outlet properties, including Orlando Premium Outlets, and was intended to serve both Las Vegas residents and visitors. At opening, the property contained approximately 435,000 square feet and 125 stores. Its tenant mix emphasized recognized and higher-end fashion, sportswear, footwear, accessories, and specialty retail brands. Initial tenants included Armani Exchange, Dolce & Gabbana, Casual Corner, Nike, and Quiksilver. A central food court provided indoor and outdoor seating for as many as 450 people. The center employed approximately 800 people at opening, and its location near Interstate 15, together with complimentary shuttle services from nearby casino properties, helped it attract tourists as well as local shoppers. Parking capacity became a recurring operational issue. Although the original 1,374 spaces exceeded legal requirements, demand frequently outpaced available parking. Expansion plans announced in 2006 addressed this problem by adding retail space and parking structures. A $56 million expansion, supported in part by financing from the Las Vegas Redevelopment Agency, was completed in 2008 and increased the number of retailers to about 150. A later expansion followed the repurchase of four acres at the southwest corner of Bonneville Avenue and Grand Central Parkway. The land had been sold in 2003 to developer Mark Fine for a proposed mixed-use project, but that development did not materialize. Simon and Chelsea reacquired the parcel in 2012, began construction in May 2013, and completed the project approximately two years later. The 2015 work added about 30 tenants and 782 parking spaces, bringing the property to roughly 685,000 square feet and 175 stores. New tenants associated with the expansion included The Cheesecake Factory and Saks Fifth Avenue Off 5th. Shake Shack was added in 2018. The word "North" was added to the property's name in 2011. This followed the renaming of the former Belz Factory Outlet World south of the Strip as Las Vegas Premium Outlets South, creating a north-and-south naming distinction between the two Las Vegas-area properties. Chelsea Property Group, which had operated the north center, merged into Simon Property Group in 2004. The property remains positioned as a destination outlet center combining discounted designer and branded merchandise, food and beverage, tourist accessibility, and a large outdoor retail environment.

The center's development was connected to efforts to redevelop downtown Las Vegas during the administration of Mayor Oscar Goodman, who had advocated new investment in the area after taking office in 1999. Chelsea Property Group and Simon Property Group announced the outlet project in 2001. Construction began on July 2, 2002, on a 40-acre site north of the Las Vegas Strip. Jacobsen Construction of Salt Lake City and Hardin Construction Group of Atlanta built the project, which was modeled in part on Orlando Premium Outlets, another Chelsea and Simon development. Las Vegas Premium Outlets held a soft opening on August 1, 2003, followed by an official opening the following week. The center opened with approximately 435,000 square feet, 125 stores, and a central food court with indoor and outdoor seating for up to 450 people. The initial tenant mix included fashion, luxury, sportswear, and specialty retailers such as Armani Exchange, Dolce & Gabbana, Casual Corner, Nike, and Quiksilver. The property was aimed at both local shoppers and tourists. Its position next to Interstate 15 and shuttle service from nearby casinos supported its tourist-oriented business model. Approximately 800 people were employed at opening. The center's original parking supply quickly became a concern. Although 1,374 parking spaces exceeded the applicable legal requirement, the supply was insufficient during busy periods. In 2006, the owners announced plans to remove part of the existing parking area and construct additional retail space and parking garages. The resulting $56 million project, which received financing from the Las Vegas Redevelopment Agency, was completed in 2008 and increased the number of retailers to approximately 150. The ownership and operating structure changed as Chelsea Property Group was merged into Simon Property Group in 2004. Simon thereafter became the principal owner and manager through its Premium Outlets platform. The companies had previously sold four acres at the property's northern end to local developer Mark Fine in 2003. Fine proposed a mixed-use project at Bonneville Avenue and Grand Central Parkway, but the plan did not come to fruition. Simon and Chelsea bought the parcel back in 2012 to support a further expansion. Construction on the second expansion began in May 2013 and ended about two years later. The work added approximately 30 retailers and 782 parking spaces. It brought the property to approximately 685,000 square feet and 175 stores. The expanded tenant roster included The Cheesecake Factory and Saks Fifth Avenue Off 5th. A Shake Shack location was subsequently added in 2018. The property was originally known simply as Las Vegas Premium Outlets. In 2011, the North suffix was introduced after the separate outlet center south of the Strip was renamed Las Vegas Premium Outlets South. That sister property had begun as Belz Factory Outlet World before its acquisition by Chelsea in 2003. The North designation therefore clarified the relationship between the two Las Vegas-area outlet centers rather than reflecting a change to the geographic site itself. Las Vegas Premium Outlets North remains an active Simon Premium Outlets property and a major outlet-shopping destination in the Las Vegas market.

• 2018

  Shake Shack added

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  Shake Shack joined the center's restaurant and food-service offerings.

• 2015

  Second expansion completed

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  The project added approximately 30 stores and 782 parking spaces, expanding the property to about 685,000 square feet.

• 2013

  Second expansion begins

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  Construction began in May on a further retail and parking expansion.

• 2012

  Expansion parcel reacquired

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  Simon and Chelsea reacquired four acres previously sold for an unrealized mixed-use development.

• 2011

  North name adopted

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  The North suffix was added after the southern Las Vegas outlet property became Las Vegas Premium Outlets South.

• 2008

  First expansion completed

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  A $56 million expansion added approximately 104,000 square feet and new parking facilities.

• 2004

  Chelsea joins Simon Property Group

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  Chelsea Property Group was merged into Simon Property Group, consolidating ownership and management under Simon.

• 2003

  Center opens

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  The property held its soft opening on August 1 and formally opened about a week later with approximately 125 stores.

• 2002

  Construction begins

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  Construction started on July 2 on a 40-acre site north of the Las Vegas Strip.

• 2001

  Outlet center announced

  [1]Las Vegas Premium Outlets Northen.wikipedia.org

  Chelsea Property Group and Simon Property Group announced plans for a major outlet center in downtown Las Vegas.

A destination-oriented premium outlet center serving both Las Vegas residents and tourists with branded and designer merchandise at outlet pricing, supported by freeway access, casino-area shuttle connections, restaurants, and a large outdoor campus.

• Apparel and accessories · 2003

  Outlet fashion retail

  The center's principal offering is a collection of outlet stores selling branded and designer clothing, handbags, footwear, jewelry, accessories, and related fashion merchandise. The original tenant mix emphasized recognized and higher-end labels, while later expansions broadened the range of brands and price points available to visitors.

• Sportswear and shoes · 2003

  Sportswear and footwear outlets

  Sportswear, athletic shoes, casual footwear, and outdoor-oriented apparel form an important part of the center's merchandise mix. Nike and Quiksilver were among the notable original tenants, illustrating the property's combination of performance-oriented and lifestyle retail.

• Food and beverage · 2003

  Food and dining facilities

  Las Vegas Premium Outlets North includes a central food court as well as standalone restaurant offerings. The food facilities support extended shopping visits and provide services for both local customers and tourists. The Cheesecake Factory was added during the later expansion, followed by Shake Shack in 2018.

• 2013

  Begin second expansionStrategy

  Background

  The owners sought to expand the tenant base and address continuing parking demand after the earlier expansion.

  Action taken

  Construction began in May on additional retail facilities and parking capacity.

  Aftermath

  The project was completed in 2015, adding approximately 30 retailers and 782 parking spaces.

  Source

• 2012

  Reacquire land for further growthStrategy

  Background

  A four-acre parcel sold in 2003 for a proposed mixed-use development remained available after the development plans failed to materialize.

  Action taken

  Simon and Chelsea bought the parcel back for a future mall expansion and additional parking.

  Aftermath

  Construction began in 2013 and the resulting expansion was completed in 2015.

  Source

• 2011

  Adopt the North designationStrategy

  Background

  A separate outlet property south of the Strip was renamed Las Vegas Premium Outlets South.

  Action taken

  The downtown property was renamed Las Vegas Premium Outlets North to distinguish the two sister centers.

  Aftermath

  The naming structure clarified the relationship between Simon's two Las Vegas-area Premium Outlets locations.

  Source

• 2006

  Approve first major expansionStrategy

  Background

  Strong demand exposed limitations in the original parking supply, even though the opening configuration exceeded legal parking requirements.

  Action taken

  The owners approved a project that reconfigured part of the parking area, added parking structures, and created additional retail space.

  Aftermath

  The expansion was completed in 2008 and increased the property to approximately 150 retailers.

  Expansion cost. $56 million (2008 completion)

  Source

1. 1Las Vegas Premium Outlets Northen.wikipedia.org