Mariana’s Supermarkets is set to anchor the former Renaissance III plaza in east Las Vegas, taking about 40,000 square feet as the shopping center is rebranded Mariana’s Marketplace. The long-troubled, once-foreclosed site at Flamingo and Pecos Roads is being revitalized as a neighborhood center, with visible work already underway, and the new store is scheduled to open in the second quarter of 2026.
Philip Proetto, a principal with landlord Aspen Real Estate, confirmed the lease, the square footage and the new Mariana’s Marketplace name for the plaza. “Coming Soon” signs are already posted at the site, and the space was last occupied more than a decade ago by Food 4 Less, as reported by Las Vegas Review-Journal. The report also notes the company plans to open in the second quarter of this year.
Aspen, which bought the center out of foreclosure in mid-2024, says it paid $24.7 million for the property and has allocated about $7 million for renovations and tenant improvements, according to a company release on PR Newswire. The firm purchased the underperforming center from a CMBS special servicer and has been marketing the site to new national and local tenants. Aspen has framed the investment as part of a broader push to reposition the center toward neighborhood retail, a notable reset for a property that spent years in foreclosure limbo.
New Anchor, Fresh Name
A listing on LoopNet for 3220-3370 E. Flamingo Road touts “New Anchor. New Name. Welcome Mariana’s Marketplace!” and positions the center alongside co-tenants such as Planet Fitness and Panda Express. Commercial property pages echo that pitch and highlight the site’s proximity to UNLV and heavy daily traffic counts, per CommercialCafe. Those listings make it clear Aspen and its leasing team are actively shopping the rebuilt center to food-and-beverage operators and neighborhood retailers looking to ride the new anchor’s momentum…