Headlines

Las Vegas Strip Says “Aloha” to Hawaiian Marketplace

Demolition imminent for the aging 80,000-square-foot mall, once fashioned after the International Marketplace in Honolulu

Published

2 years ago

August 22, 2022

VMSD Staff

Las Vegas Strip Says “Aloha” to Hawaiian Marketplace — The Hawaiian Marketplace on the Las Vegas Strip, seen in 2012, is set to be razed following the Clark County Commission's approval of plans for a new multi-use retailing and entertainment complex on the site. Credit: Curimedia

The Hawaiian Marketplace on the Las Vegas Strip, seen in 2012, is set to be razed following the Clark County Commission’s approval of plans for a new multi-use retailing and entertainment complex on the site. Credit: Curimedia

Residents of Las Vegas can say “Aloha” to the shuttered Hawaiian Marketplace, which will soon be replaced by a new retailing, entertainment and dining complex being developed by New York-based investment firm Gindi Capital. The project was approved by Clark County commissioners Wednesday, reports the Las Vegas Review-Journal .

Gindi Capital told Casino.org that demolition is imminent for the aging 80,000-square-foot mall, once fashioned after the International Marketplace in Honolulu. With plans to build an upscale, mixed-use center in its place, razing of the Hawaiian Marketplace and some nearby existing properties will proceed. Plans for the new property include a three-story complex, comprising 302,613-square-feet of commercial floor area. A casino is not planned at this time, though the developer says the inclusion of one within a hotel could come later.

Gindi Capital bought the 9.5 acres of real estate along Las Vegas Boulevard for $172 million, or about $18 million an acre, the Las Vegas Review-Journal reported in 2019

The redevelopment of the area has been eyed by several developers: A 6.2-acre parcel adjacent to the Hawaiian Marketplace was purchased in June for $260 million by billionaire Tilman Fertitta, CEO and owner of Landry’s Inc. and the Golden Nugget Casino. The entrepreneur is expected to develop another casino on the property, reports The Street.

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