City Of Las Vegas Formally Approves World Market Center

Furniture World Magazine

Las Vegas Mayor Oscar Goodman and members of the Las Vegas City Council unanimously voted to approve plans for the first phase of World Market Center SM– a one-million square-foot permanent home furnishings showroom and design center complex. According to the developers of World Market Center SM, this decision is not only a milestone in the evolution of this new major home furnishings market, but also for economic diversification of the region as a whole. World Market Center SM will be soon releasing the results of an economic and fiscal impact study revealing significant economic benefits for Las Vegas and the region. "We’re happy to see by their official votes that the City of Las Vegas is fully behind our project and we look forward to the rapid leasing and development of our project," said Jack Kashani, a managing partner of the project. "It’s very exciting that World Market Center SM is moving ahead on schedule and that we are accomplishing our goal of developing this project for the benefit of Las Vegas and the industry. Our state-of-the-art complex will play an important role in the on-going plans of Las Vegas and State of Nevada for attracting new major industries and businesses," said Shawn Samson, another managing partner. Construction is set to begin next year on the one million square-foot first phase – World Market Center SM Tower I, which is scheduled to be completed in the second half of 2003. Upon completion, which is anticipated for 2008, World Market Center will comprise a 7.5 million square foot campus with several multi-story buildings dedicated to home furnishings and related industries. As such, World Market Center SM the largest and most comprehensive home furnishings showroom and trade show complex in the West. World Market Center SM is now pre-leasing space in the first phase - one million square feet of permanent showrooms and design center. For more information about the project or leasing space, contact David Palmer at (888) 416-8600 or by e-mail: Palmer@LasVegasMarket.com.