(For more retail coverage, click GlobeSt.com/RETAIL.)

LAS VEGAS-EJM Development Co. of Los Angeles is close tolaunching the first retail phase of Arroyo, a 450-acre developmentstraddling I-215 immediately west of Rainbow Boulevard that isplanned for 4.5 million sf of office, retail and industrial space.The 940,000-sf Arroyo Market Square power center will risesouthwest of the intersection of I-215 and Rainbow Boulevard.

EJM regional director Kirk Boylston tells GlobeSt.com thatArroyo Market Square is 95% preleased. Construction is slated tobegin in the next 60 days. Completion is scheduled for the secondquarter of 2007.

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