World Market Center Las Vegas

World Market Center Las Vegas, located at 495 Grand Central Parkway in Las Vegas, Nevada, is a 5-million-square-foot (460,000 m2) showcase for the home and hospitality contract furnishings industry in downtown Las Vegas. It is the largest showroom complex in the world for the home and hospitality furnishings industry,[1] serving domestic and international sellers and buyers.[2]

World Market Center Building A
World Market Center Las Vegas, Building A, in Las Vegas
General information
LocationLas Vegas, Nevada
Town or cityLas Vegas
CountryUnited States
CompletedJuly 2005
OpenedJuly 2005
Technical details
Floor count16
Floor area1.3 million sq ft (120,000 m2)

Originally, developers planned for the World Market Center project in Las Vegas to have more than 12 million sq ft (1.1 million m2) of exhibit space in 8 buildings on 57 acres (23 ha).[3]

History
Artist rendering of the completed World Market Center Las Vegas complex.
World Market Center Building B
General information
LocationLas Vegas, Nevada
Town or cityLas Vegas
CountryUnited States
Construction started2005
CompletedJanuary 2007
OpenedJanuary 2007
Technical details
Floor count16
Floor area1.6 million square feet (150,000 m2)
Design and construction
ArchitectJon Jerde and Edward Vance
Architecture firmJerde Partnership in association with JMA Architecture Studios

In 2002, the developers announced that the project was to be built on a lot adjacent to the City of Las Vegas' 61-acre (25 ha) redevelopment parcel, as an eight building, 7.5 million sq ft (700,000 m2) facility designed by Jon Jerde of Jerde Partnership in association with Edward Vance of JMA Architecture Studios.[4][5] The square footage of the main building alone is greater than that of the Empire State Building in New York City. In 2005, WMCLV announced plans for completion of an expansion increasing the space to a total of 12 million sq ft (1.1 million m2) complete with skywalks between all buildings on all levels.

Building A opened in May 2005 with 1.3 million sq ft (120,000 m2).

The first show, July 21–25, 2005, was so overbooked that it used space in three Pavilions (huge tent structures) and the Las Vegas Convention Center.

Construction started on the 16 story, 1.6 million sq ft (150,000 m2) Building B in 2005. It opened in January 2007.

Construction on the 16 story, 2.1 million sq ft (200,000 m2) Building C started on September 27, 2006 and completed July 2008. The first 2 floors are part of the Las Vegas Design Center.

At a construction cost of $550 million, Building C stands with 130,000 sq ft (12,000 m2) on each floor, which is nearly 30 percent larger than those in Buildings A and B. In all, more than 400 showrooms comprise Building C. In conjunction with the opening of Building C, a $60-million, seven-story parking garage with 175,000 sq ft (16,300 m2) on each level also opened in July 2008.

In 2008, World Market Center put plans on hold to finish its complex of buildings, originally slated to be about 12 million square feet and set for completion by 2013. [6]

World Market Center is owned by International Market Centers, L.P. (IMC). On May 3, 2011, Bain Capital, Oaktree Capital Management, The Related Companies, and other investors announced the formation of International Market Centers, a venture that combines properties in High Point and Las Vegas and would control 11.5 million square feet of showroom space. At that point, two of the World Market Center buildings and two of the High Point showroom complexes had been in receivership for several months.[7] In a deal completed September 26, 2017,[8] Blackstone Real Estate Partners, Blackstone Tactical Opportunities and Fireside Investments purchased IMC,[9] which at the time owned 5.4 million square feet in three Las Vegas locations.[8]

In August 2019, construction began on the Expo at World Market Center building. It is a 315,000 sq ft (29,300 m2) convention facility that will connect to Building C. The expo building will replace the Pavilion tent facilities located across the street. The tents will be removed upon completion of the expo building and the 21-acre land will initially be used for parking, with the potential for future development.[10] The expo building was topped off on December 19, 2019. It is scheduled to open on June 22, 2020.[11]

World Market Center Building C
General information
LocationLas Vegas, Nevada
Town or cityLas Vegas
CountryUnited States
Construction startedSeptember 27, 2006
CompletedJuly 2008
OpenedJuly 2008
Technical details
Floor count16
Floor area2.1 million square feet (200,000 m2)

Las Vegas Market

Las Vegas Market is the name of the major trade show hosted by the World Market Center Las Vegas.

Las Vegas Design Center

When not hosting the Las Vegas Market or other trade shows, the first two floors of Building A are open as showrooms for interior designers and the general public Monday-Friday 10-5pm. These spaces are called the Las Vegas Design Center (LVDC) and contain more than 400,000 square feet (37,000 m2) of permanent showrooms, which are open Monday – Friday. The LVDC offers year-round access to a global selection of furniture, fabrics, lighting, floor coverings, wall décor and accessories.

Part of Las Vegas Design Center’s ongoing programming includes the First Friday series, a monthly A&D event featuring top design and arts and cultural speakers from around the world. The Design Icon award is part of the Design Series and celebrates modern-day design legends and gives them a platform to share their stories and inspire others. The Winter 2010 Las Vegas Market Design Icon will be Christopher Guy Harrison. Previous Design Icon honorees include Juan Montoya, Vicente Wolf, Roger Thomas, Vladimir Kagan and Larry Laslo.

  • World Market Center Las Vegas Grand Plaza at night

References
  1. "Las Vegas Market reflects optimism, emphasis on 'lifestyle' presentation". Furniture Today. Retrieved 25 February 2016.
  2. "Jerde PlaceMaking".
  3. "WORLD MARKET CENTER NAMES FURNITURE INDUSTRY LEADER BOB MARICICH PRESIDENT AND CEO".
  4. "Harris Consulting Engineers Provides HVAC, Plumbing and Electrical Design Services for the New World Market Center". www.businesswire.com. 2004-03-26. Retrieved 2019-07-26.
  5. "World Market Center (sm) Las Vegas Announces March Groundbreaking Of Fully Leased Phase One Building". Furniture World Magazine. Retrieved 2019-07-26.
  6. Larry Thomas (July 27, 2008). "WMC delays Building D groundbreaking". Furniture Today. Retrieved August 23, 2011.
  7. Furniture Today Staff (May 27, 2011). "Key events leading to Launch of International Market Centers". Furniture Today. Retrieved August 23, 2011.
  8. Craver, Richard (September 27, 2017). "Group completes purchase of owner of High Point showrooms". Winston-Salem Journal.
  9. Craver, Richard (July 6, 2017). "Owner of High Point, Las Vegas furniture markets agree to sell properties". News & Record. Retrieved July 7, 2017.
  10. Velotta, Richard N. (July 30, 2019). "Downtown World Market Expo Center to go vertical next month". Las Vegas Review-Journal. Retrieved December 27, 2019.
  11. Velotta, Richard N. (December 19, 2019). "Contractors top off conference center at World Market Center". Las Vegas Review-Journal. Retrieved December 27, 2019.

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