Tivoli Village developers to begin second phase of construction next week
Developers of Tivoli Village plan to start building the second phase of their stylish retail and office complex near Summerlin next week.
IDB Group USA, part of an Israeli conglomerate, is expected to add about 199,000 square feet of retail and 68,000 square feet of offices just north of the first phase, which opened in spring 2011 at Rampart Boulevard and Alta Drive.
Construction will start Thursday and wrap up in spring 2015, spokeswoman Sabrina Chapman said.
It’s a long time coming. Tivoli was supposed to open in 2009 with 500,000 square feet of retail and 200,000 square feet of offices, but the recession tabled those plans. Developers considered mothballing the $850 million complex but chose to build in phases instead.
They’re behind on that altered schedule, too. A year ago, Tivoli President Patrick Done told VEGAS INC he expected the second phase to open by the end of 2013.
Done was not available for comment today, Chapman said.