REAL ESTATE

Forever 21 to launch new store concept

BY Marianne Wilson

Forever 21 has entered into a partnership with mall owner GGP Inc. to debut a new, freestanding brick-and-mortar retail format.

The Los Angeles-based fast-fashion giant will launch Riley Rose, a beauty boutique, at 13 GGP regional shopping centers, with 10 locations opening in 2017. According to a report by newbeauty.com, the new concept will be experiential, millennial-focused and Instagram-friendly.

“Forever 21 is always ready to expand into new concepts, and has partnered with GGP to open stores in 13 of their top tier locations,” said Do Won Chang, CEO of Forever 21. “These new, experiential spaces will be focused on accessories, cosmetics and home goods for the millennial consumer. We will open 10 stores in 2017, and follow up with three more in 2018.”

“Customers have come to expect lifestyle options at their regional shopping centers,” said Sandeep Mathrani, CEO of GGP, which currently owns and operates 127 retail properties in 40 states. “Millennials have embraced the Forever 21 brand, and GGP is thrilled with the introduction of Riley Rose. We know our shoppers will enjoy it.”

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REAL ESTATE

Forum Shops celebrates 25 years

BY Al Urbanski

When Simon opened the Forum Shops at Caesars Palace in 1992, the Las Vegas Strip was still a place where one could find $2 blackjack tables and $1.99 steak dinners. Simon Properties took a chance, brought luxury retail to the Strip, and helped pioneer full-price retail on the famed boulevard.

RECon’s in town this week, and Forum Shops is taking the occasion to celebrate its 25th Anniversary. The must-stop for luxury shoppers houses more than 160 shops of the likes of Versace, Armani, Gucci, and Valentino. But the tenant mix keeps evolving. New and about-to-open tenants include Modernist Cuisine Gallery, Lululemon, Harley Davidson, and The Otheroom.

Also new to the center is an 85-ft.-tall, 41-ft.-wide marquee pylon sign supported by Corinthian columns.

If you’re at the show and you stop by The Forum Shops, be sure to enter for a chance to win a $2,500 shopping spree available to shoppers who spend $250 or more.


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Wahlburgers opens at center on Vegas Strip

BY Al Urbanski

Those crazy actin’ and burger-flippin’ Wahlbergs Mark and Donny, along with brother Paul and other family members, have opened at Grand Bazaar Shops on the Las Vegas Strip.

The new center located on Bally’s doorstep and across from the Bellagio picked the busiest intersection Vegas to place a culinary assemblage of the hottest new names in casual dining that are beginning to spread to malls and open-air centers nationwide.

Alongside Wahlburgers and Giordano’s Deep –Dish Pizza are or soon will be:

Born and Raised Craft Pub: The third location for the “home-base” of UNLV fans. It features Las Vegas inspired décor, craft beers, and its first-ever retail shop.

Sin City Brewing Co.: The brew-pub’s fourth location offers five signature craft beers, a rotating seasonal brew, and an al fresco drinking experience on Las Vegas Boulevard.

Dirt Dog: The Los Angeles street food phenomenon known for “The Official Hot Dog of Los Angeles,” a bacon-wrapped wiener it has trademarked.


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