Source link : https://las-vegas-news.com/revival-on-flamingo-marianas-supermarket-anchors-transformed-east-las-vegas-plaza/
Rescuing a Retail Relic (Image Credits: Pixabay)
Las Vegas – A prominent local grocery chain will soon fill a long-vacant anchor space in an eastside shopping center pulled back from foreclosure.
Rescuing a Retail Relic
Officials with Aspen Real Estate acquired the sprawling property at Flamingo Road and Pecos Road in mid-2024 for $24.7 million.[1]
The center, previously known as Renaissance III, had languished after entering foreclosure in early 2018. At the time of purchase, it stood 60 percent vacant, a shadow of its former self. The space targeted for the new supermarket last housed Food 4 Less more than a decade earlier. Philip Proetto, a principal with the New Jersey-based firm, noted the site’s rough history. “The plaza’s old name brings back memories of a dilapidated place,” he said. Upgrades are now transforming the 20-acre site.[1]
Mariana’s Steps In as Key Tenant
Mariana’s Supermarkets, a Hispanic-focused chain with six locations across the Las Vegas Valley, signed on for roughly 40,000 square feet.[1]
This marks a significant expansion for the grocer, which specializes in fresh produce, meats, and cultural staples popular in the community. The deal positions Mariana’s as the new anchor, prompting a full rebrand to Mariana’s Marketplace. County records show a $2.2 million building permit issued for interior improvements. Overall, Aspen committed $7 million to renovations and tenant enhancements. Construction crews have already begun work on…
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Author : Matthias Binder
Publish date : 2026-02-02 20:53:00
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