Turnberry's new senior director of leasing George Radu tellsGlobeSt.com that the company has in hand fully executed leases andLOIs for 83% of the retail in the project. Most of the retailspaces that remain to be leased are pad sites that were alwaysintended to be constructed as part of the second phase, he says. Asfor the office portion of the project, Radu says the Las VegasChamber of Commerce has signed on for 28,000 sf but was unable forprovide preleasing totals and they could not otherwise be obtainedWednesday.

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Most of the retail leasing was accomplished by a team thatincluded in-house Turnberry people and Frank Volk, the locallybased executive with New York City-based Robert K. Futterman andAssoc. With most of the retail already leased, Turnberry late lastyear decided to lease out the remainder on its own. RKF is nowhandling leasing for both the Cosmopolitan Resort underconstruction adjacent to the Bellagio and the expansion of theTropicana Resort, which changed hands in January.

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Turnberry's Town Square development is in an open-air, mainstreet-themed design that will have 150 retail shops and at leastone dozen restaurants. Amenities include a 9,000-sf children's parkat the heart of the development that will include a hedge maze, a25-foot tall tree house, a staging area for children's performancesand an interactive, two-level miniature replica of the center.

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Anchor retail tenants include Rave Motion Pictures, Robb &Stucky, Borders and 24-Hour Fitness. Fry's Electronics adjacent tothe site was acquired by Turnberry and Centra and will beincorporated as a Town Square anchor. Restaurants opening theirfirst store in Las Vegas at Town Square will include Tommy Bahama'sTropical Café and Emporium, Yard House, The Grape and Texas deBrazil. Bar Louie, Brio and Claim Jumper also will open restaurantswithin Town Square.

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Town Square is located at the south end of The Strip, at thejunction of I-15 and the 215 Beltway. Las Vegas-based MarnellCorrao Associates and Baltimore-based Development Design Group Inc.are the architects of record for Town Square.

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