Rescuing a Retail Relic (Image Credits: Pixabay)
Las Vegas – A prominent local grocery chain will soon fill a long-vacant anchor space in an eastside shopping center pulled back from foreclosure.
Rescuing a Retail Relic
Officials with Aspen Real Estate acquired the sprawling property at Flamingo Road and Pecos Road in mid-2024 for $24.7 million.[1]
The center, previously known as Renaissance III, had languished after entering foreclosure in early 2018. At the time of purchase, it stood 60 percent vacant, a shadow of its former self. The space targeted for the new supermarket last housed Food 4 Less more than a decade earlier. Philip Proetto, a principal with the New Jersey-based firm, noted the site’s rough history. “The plaza’s old name brings back memories of a dilapidated place,” he said. Upgrades are now transforming the 20-acre site.[1]
Mariana’s Steps In as Key Tenant
Mariana’s Supermarkets, a Hispanic-focused chain with six locations across the Las Vegas Valley, signed on for roughly 40,000 square feet.[1]…