Fontainebleau unveils reduced retail space

Fontainebleau unveils reduced retail space

Article brief provided by Nevada Independent
  • Howard Stutz, Nevada Independent
August 24, 2022 1:15 PM
  • Howard Stutz, Nevada Independent

When Fontainebleau Las Vegas developer Jeffrey Soffer regained control of the unfinished Strip development last October – 12 years after walking away from the project – he said one change for the building was to reduce the scope of the planned 245,000 square feet of retail space.

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Soffer made good on that promise last week.

Fontainebleau announced plans for a 90,000 square-foot shopping district inside the north Strip hotel-casino that will feature approximately 35 retail stores in a two-level space.

The 67-story property is expected to open late next year with 3,700 hotel rooms, a 173,000-square-foot casino and 550,000 square feet of convention space.

The retail area will be connected to the property and highly visible, Fontainebleau Development President Brett Mufson said in a statement.

“The unique vertical design gives us great creative flexibility when it comes to our retail space,” Mufson said. “We’re incorporating other elements of the Fontainebleau brand into our space, making for a seamless guest experience and generating unprecedented exposure and foot traffic for our retail partners.”

Soffer, chairman and CEO of Florida-based Fontainebleau Development, bought back the once $2 billion development with undisclosed financing from Koch Real Estate Investments, the Dallas-based subsidiary of Koch Industries. The Fontainebleau was 75 percent complete when construction was halted at the height of the Great Recession in 2007.

Last November, Soffer announced plans to “finish what I started” and open the 25-acre Fontainebleau site by the fourth quarter of 2023.