Las Vegas — Crate and Barrel has signed a lease to open a store at Downtown Summerlin®, the 106-acre fashion, dining and entertainment destination located in the acclaimed Summerlin® master planned community. This will mark the first Nevada location for Crate and Barrel.
“We are pleased to welcome home furnishings leader Crate and Barrel to Downtown Summerlin,” says David R. Weinreb, chief executive officer of The Howard Hughes Corporation, which owns Summerlin. “As yet another first-to-market retailer, this addition further cements Downtown Summerlin as the ultimate shopping, dining and entertainment destination for the entire Las Vegas Valley.”
Crate and Barrel will be located on the northwest end of Downtown Summerlin and will neighbor Lazy Dog and Ethan Allen.
“We are excited to announce the opening of our first Nevada location in Summerlin,” says Doug Diemoz, chief executive officer of Crate and Barrel. “We’ve wanted to be in the Las Vegas area for some time, and the enthusiasm surrounding our fall 2013 pop-up shop confirmed just how important a market this is for Crate and Barrel. Downtown Summerlin is the ideal location, and we can’t wait to open our doors.”
Since opening in October 2014, Downtown Summerlin has welcomed an estimated 17 million visitors, opened 115 retailers and steadily increased occupancy to 90% leased. The initial phase consists of 1.4 million square feet of mixed-use development on 106 of the approximate 300 developable acres in the heart of Summerlin.
Founded in 1962, Crate and Barrel is an industry-leading home furnishings specialty retailer. Working directly with European ateliers and factories, Crate and Barrel was among the first to introduce affordable household goods and contemporary home décor to American consumers. The Crate and Barrel family of brands, which includes CB2 and The Land of Nod, is owned by Otto Group, a global retail and services group based in Hamburg, Germany. For more information, visit www.crateandbarrel.com.
Downtown Summerlin is part of a planned urban center serving the entire Las Vegas Valley. It includes retail, entertainment, office, hotel and multi-family residential elements within the 22,500-acre master planned community of Summerlin. Downtown Summerlin features more than 115 stores and restaurants in a streetscape-shopping environment. For more information, visit www.downtownsummerlin.com.
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. For more information, visit www.howardhughes.com.
SOURCE: The Howard Hughes Corporation