{"id":6612,"date":"2013-12-04T16:40:41","date_gmt":"2013-12-04T16:40:41","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2013\/12\/04\/grand-bazaar-shops-planned-for-entrance-to-ballys-las-vega\/"},"modified":"2013-12-04T16:40:41","modified_gmt":"2013-12-04T16:40:41","slug":"grand-bazaar-shops-planned-for-entrance-to-ballys-las-vega","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2013\/12\/04\/grand-bazaar-shops-planned-for-entrance-to-ballys-las-vega\/","title":{"rendered":"Grand Bazaar Shops planned for entrance to Bally\u2019s Las Vega"},"content":{"rendered":"


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\n\tAn artist\u2019s rendering shows the Grand Bazaar Shops at Bally\u2019s, with the front of the shops seen from across the Strip. (Courtesy Juno Properties Group)<\/span><\/p>\n

\tBy HOWARD STUTZ
\n\tLAS VEGAS REVIEW-JOURNAL
\n\tEven with competition from more than a half-billion dollars\u2019 worth of elaborate Strip retail districts under development, Larry Siegel says his planned Grand Bazaar Shops near the entrance to Bally\u2019s will stand out.<\/p>\n

\tHis design and concept inspiration was the \u201cworld\u2019s great markets,\u201d such as the Grand Bazaar in Istanbul, the night markets in Asia and the spice markets in India.<\/p>\n

\t\u201cWe\u2019re going to create almost 60,000 square feet of energy that will draw in the 22 million or so visitors who walk by that space annually,\u201d said Siegel, chairman of the Juno Property Group, which has been planning the development for almost three years.<\/p>\n

\tThe $50 million project began construction Tuesday and will take over the plaza area in front of Bally\u2019s. The development is expected to open next fall.<\/p>\n

\tCaesars Entertainment Corp., which owns Bally\u2019s, leased the land to Siegel\u2019s company and is a financial investor in the development with two other financial backers.<\/p>\n

\tBally\u2019s President David Hoenemeyer said the project is part of the overall makeover of the 2,814-room hotel-casino.<\/p>\n

\tOver the past year, the hotel\u2019s south tower was converted into the Jubilee Tower, and more than 750 rooms were remodeled. Bally\u2019s casino also was remodeled, and new restaurants are being added.<\/p>\n

\t\u201cThis will be a tremendous attraction to bring people into the property,\u201d Hoenemeyer said. \u201cSince I arrived seven years ago, I\u2019ve been perplexed on what to do with that space. We\u2019re very excited about this attraction.\u201d<\/p>\n

\tA movable walkway that transports Bally\u2019s patrons to and from the Strip casino will be removed and replaced by more than 150 retail offerings, dining choices and bars. The outdoor setting will resemble the world\u2019s classic bazaars and markets, with colorful mosaic-patterned rooftops that look like tents.<\/p>\n

\tThe development covers 2 acres leading up to the front of Bally\u2019s.<\/p>\n

\tSwarovski Crystal will have a small shop in the Grand Bazaar and will place a 4,000-pound, 14-foot-tall crystal piece on a pole nearly 80 feet above the marketplace that will become the centerpiece of a daily midnight entertainment attraction.<\/p>\n

\tSiegel said the Grand Bazaar will help bring Bally\u2019s front doors closer to the Strip.<\/p>\n

\tTwo full-service restaurants, including one operated by a yet-to-be-revealed New York City-based celebrity chef, will be located on the far eastern edge of the development closest to Bally\u2019s porte cochere.<\/p>\n

\t\u201cThe location is surrounded by tremendous hotel rooms, it offers a direct view of the Bellagio fountains, and we are bringing in tenants that are new to Las Vegas and some that are new to the U.S.,\u201d Siegel said.<\/p>\n

\tOf the 55,000-square-foot site, more than one-third will be dedicated to restaurants and bars.<\/p>\n

\tLos Angeles chef Sam Marvin will operate five separate shops, including a store that allows patrons to purchase and either consume or ship back home artisan cupcakes, ice cream, macaroons, meats and spices.<\/p>\n

\tSiegel said the Grand Bazaar Shops is designed to be easily walked, with individual store sizes ranging between 150 square feet and 300 square feet. A select group will have 1,500 square feet to 2,000 square feet of space.<\/p>\n

\tSiegel has a 35-year career in real estate and retail development. He is former chairman and CEO of the Mills Corp., an outlet shopping center developer. He has watched Las Vegas transform over the past few years as he developed the idea for the Grand Bazaar.<\/p>\n

\tRetail has become a major component of the Las Vegas experience. According to the 2012 Las Vegas Perspective, the city has more than 11.4 million square feet of shopping centers, much of it centered along the Strip. The Las Vegas Convention and Visitors Authority said the average tourist spent $149.12 on shopping in 2012.<\/p>\n

\tThe Grand Bazaar Shops is located between two new retail destinations on the Strip. Caesars Entertainment is spending $550 million on the Linq development between Flamingo and The Quad. To the north, MGM Resorts International is spending $100 million to create an outdoor district between New York-New York and Monte Carlo.<\/p>\n

\t\u201cWith as many visitors as Las Vegas sees, people want to consume,\u201d Siegel said.<\/p>\n

\tThe space in front of Bally\u2019s Las Vegas was a parking lot in the 1980s and was once dubbed the most expensive parking area on the Strip. Over the years, various Bally\u2019s owners discussed different options to bring the front door closer to the Strip.<\/p>\n

\tThe movable walkway was built in the 1990s when the hotel-casino was owned by the late Arthur Goldberg.<\/p>\n

\t\u201cGrand Bazaar Shops is located on arguably the greatest piece of undeveloped real estate in the country,\u201d said Daniel Glimcher, the principal of Glimcher Capital Group, one of the development\u2019s financial backers.<\/p>\n

\tWord of the Grand Bazaar Shops leaked out on various Las Vegas blogs and tourism-oriented websites over the past year.<\/p>\n

\tContact reporter Howard Stutz at hstutz@reviewjournal.com<\/a> or 702-477-3871. Follow @howardstutz on Twitter.<\/p>\n

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An artist\u2019s rendering shows the Grand Bazaar Shops at Bally\u2019s, with the front of the shops seen from across the Strip. (Courtesy Juno Properties Group) By HOWARD STUTZ LAS VEGAS REVIEW-JOURNAL Even with competition from more than a half-billion dollars\u2019…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6612","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/6612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=6612"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/6612\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=6612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=6612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=6612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}