5. FORUM SHOPS AT CAESARS PALACE 6.THE GRAND CANAL SHOPPES the essence of Italy. The center is anchored Forum Shops at Caesars Palace, originally Opened in 1999, the Grand Canal Shoppes by Las Vegas’ first Barneys New York and constructed in 1992 and expanded in phases at the Venetian was fully leased after three features many premier luxury brands during 1997 and 2004, was the first major months. Fashioned after the Forum Shops, including Jimmy Choo, Burberry, Van Cleef specialty retail development on Las Vegas the property is heavily themed with a canal & Arpels and Piaget. Upscale restaurants Boulevard. Forum Shops has a prominent flowing through the middle of the concourse include Emeril Lagasse’s Table 10, Wolfgang position on the Strip, situated on the west area. The property consists of 536,890 square Puck’s Cut and Shimon Bokovza’s Sushi side of Las Vegas Boulevard, north of feetincluding mezzanine spaces with current Samba. The center is currently 89% occupied Flamingo Road, between Caesars Palace rents ranging from $85 to $110 per square with tenant sales ranging from $900 to $925 and The Mirage, and is configured with a_ foot. Average tenant sales range from $900 per square foot and rents ranging from $80 highly “themed” retail and entertainment to $950 per square foot, and as a result of to $100 per square foot. environment. The property is 99% leased, the project’s immediate success, a second attracting an estimated 22 million visitors phase connected via pedestrian bridge to 8. FASHION SHOW MALL per year and is generally considered the the Palazzo Resort was recently developed Fashion Show Mall, originally developed in most dominant retail center on the Strip and dubbed Shoppes at Palazzo. The project 1981, was expanded in two phases during with 150 specialty tenants that include is currently 94% leased and includes key 2002 and 2003 to its current size of 1.9 million Anthropologie, Jimmy Choo, Coach, Louis tenants; Ann Taylor, Banana Republic, bebe, s