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Fall and rise of real estate in Vegas



The recession of 2008 did not even give a chance to the entertainment industry of Las Vegas that had to go through hard time after the economic bubble collapsed. 

Today, we see how the business component of the Capital of Second Chances got its another shot at economic prosperity as the first stage of Downtown Summerlin is undergoing active construction to comply with its opening deadline in October. The new complex will include entertainment and retail ingredient in it. Howard Hughes Corp. (HHC) is responsible for the reestablishment of the enterprise, taking up the torch from the past owner who dissolved the project in 2008. Downtown Summerlin will be conveniently located within a 20-minute drive from the Strip. About 400 acres of magnificent complex will comprise “one of the most strategically located real estate developments in the country,” said Kevin Orrock, the president of Summerlin Orrock. “We expect to draw from the entire region, not just the Summerlin community.

For the folks who aim to come into possession of new and crispy apartments, there are several projects under construction featuring the Calida Group’s 360-unit Elysian at the District expected to open its doors in the beginning of the next year in Henderson, a Las Vegas suburb. The splendor apartments will be surrounded by three clubhouses, a gym and pet spa, according to Eric Cohen, managing director at the Las Vegas-based developer. 

And what is Las Vegas without casinos? There are countless plans to put into operation different nightclubs, dining venues and retail malls to cater to the cravings of gamblers and visitors seeking other types of entertainment such as gambling spending falls.


More about shopping malls in the USA

Mar 26, 2020, USA:
McDonald's restaurant chain is forced to revise the menu as the coronavirus spreads.
Mar 26, 2020:
To support as many people as possible during difficult times, Nike makes its applications with exercise programs and video training available to everyone.
Mar 25, 2020, USA:
According to the company, it will gradually reopen stores in the regions where this situation allows.
Mar 24, 2020, Sweden:
The total number of closed stores around the world reached 3440 out of 5060.
Mar 24, 2020, United Kingdom:
McDonald's employees in Germany who are temporarily unemployed will be provided with Aldi discounter.
Mar 23, 2020, Spain:
Inditex Group, the largest fashion retailer in the global market in terms of revenue, began massively closing stores amid the spread of Covid-19.
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