Archive: Blog 2007-2014

The Strip's New Palace

As long as we're talking Vegas Strip shopping, the new and under-construction Palazzo Shops at the Venetian (where Barneys is) deserve attention. In Italian, a palazzo is "a grand building of some architectural ambition that is the headquarters of a family of some renown or of an institution," the equivalent to the English "palace". There's a definite difference between the stores at the Canal Shoppes in the Venetian, and those on tap to open at Palazzo. The schmaltzy "streetmosphere" along the Grand Canal gives way to clean and modern minimalism surrounding one central grand foyer in the heart of the Palazzo. The business implications of this $1.9 billion building are staggering. Las Vegas Sands executives said that the property, catering to a high-end clientele of course, will have major volume — more than 7,000 rooms. The company has been successful with its focus on filling rooms at midweek with conventioneers and vacationers on the weekends. Now, the company will have one more advantage: a single back-of-the-house operation servicing and supplying two resorts.

Once the company goes forward with its next major project — a new convention center just south of a parking garage across the street and to the west of the existing Sands Expo & Convention Center — the company will have the ability to run conventions nonstop. While one show is under way at one hall, another is moving in behind an event that is moving out at the other. A staggered schedule should keep the resort busy all the time.

Micahel Kors, Chloe, DVF, Ferragamo, Tory Burch, Bottega Veneta, Jimmy Choo, Christian Louboutin and Thomas Pink are open for shopping, along with the Barney's. Annie Creamcheese is opening soon.