The Shops at Summerlin, a formerly stalled real estate project now slated for completion, has landed another large retailer.
Nordstrom executives said today they plan to open a 36,000-square-foot Nordstrom Rack at the 1.6 million-square-foot Las Vegas complex in fall 2014.
Nordstrom Rack, a discount retailer, has one other location in the valley, on Stephanie Street at Sunset Road, near the Galleria at Sunset mall. Its owners also have a regular Nordstrom department store at Fashion Show mall on the Strip.
“We’ve known for a long time that we wanted to be in Summerlin,” Nordstrom Rack President Geevy Thomas said in a news release.
The Shops at Summerlin was mothballed by then-owner General Growth Properties in October 2008 amid the national economic meltdown, leaving a steel skeleton off the 215 Beltway near Red Rock Resort.
Current owner Howard Hughes Corp., a spin-off from General Growth, announced last September that the project was back on track with Macy’s as an anchor store. A few months later, it said Dillard’s also would locate there.
Hughes started construction in May on the retail and office hub and had spent about $17 million in development costs through June 30, the company said last month.
The Dallas-based developer said it expects to spend $390 million and to arrange project financing by year’s end.