New third-party operator Vestar plans to infuse Tivoli Village with 20% more entertainment and lifestyle tenants by year's end.
Tivoli Village, a mixed-use development in Las Vegas, has a new operator that plans to make it more of the “city within a city” it aimed to be when it opened in 2011.
Vestar, one of the largest privately held owners and third-party operators of shopping centers in the West, has been hired by owner 3D Investments to enliven the tenant mix at the 30-acre property with chef-driven and quick-service restaurant concepts as well as entertainment, fitness, wellness, and lifestyle tenants.
“For more than 30 years we have operated environments that become the focal point of the communities they serve. Tivoli Village will be no different,” said Patrick McGinley, president of management services at Vestar.
Vestar has recruited two experienced Las Vegas real estate operators to help guide the new management team at Tivoli Village.
Its new general manager, Andrea Blue, is a Brookfield Properties veteran who served that company as GM of Galleria at Sunset in Henderson and associate GM at Fashion Show Las Vegas. Blue aims to increase lifestyle experience attractions at Tivoli Village by 20% by the end of the year.
Joining her is Sylvia Song, a luxury marketing pro with more than 15 years of experience who served as the strategic marketing manager at Wynn & Encore Las Vegas.
Tivoli Village comprises nearly 670,000 sq. ft. of Class A office, retail, and restaurant space and is anchored by Restoration Hardware. It is located at the corner of Rampart Boulevard and Alta Drive in the upscale western region of the Las Vegas valley.