Clothing chain H&M has announced plans to open a store at Downtown Summerlin, the Swedish retailer’s latest expansion in Nevada, where it already operates five locations.
H&M, known for selling trendy apparel at low prices, said today it’s opening a roughly 20,000-square-foot store this spring at the open-air Summerlin mall at Sahara Avenue and the 215 Beltway.
It did not give a more precise opening date.
Formally known as H&M Hennes & Mauritz AB, the Stockholm-based company also has Las Vegas-area shops at Town Square and the Forum Shops at Caesars. They’re part of a global network of 3,900 stores.
When its store at the Forum Shops opened in late 2010, it reportedly was the largest H&M in the world — 55,000 square feet spread over three levels.
H&M reportedly also signed a lease for a 25,000-square-foot store at nearby Tivoli Village’s expansion site, under construction at Rampart Boulevard and Alta Drive. The 106-acre Downtown Summerlin is just four miles from Tivoli Village, a Mediterranean-themed shopping and office complex.
The lease at Tivoli was reported by New York-based brokerage firm the Carlton Group, which disclosed the news in spring 2014 as part of its announcement that Tivoli owner IDB Group, an Israeli conglomerate, had hired Carlton to sell a 50 percent stake in IDB’s Las Vegas real estate holdings.
But Tivoli’s general manager, Curt Fickeisen, said in a statement today that “H&M is currently not part of” the expansion site, which he said would open late this year.
“Restoration Hardware is our anchor tenant and a number of other contracts are in place or in negotiations,” he said. “We hope to share details once they are all finalized.”
A spokesperson for H&M, who would not provide his or her name, said in an email that the company "always looks to open in the best locations" and has "great potential for further expansion and growth with new stores as well as online."
Tivoli’s roughly 270,000-square-foot expansion has moved slowly and is years behind schedule.
Last summer, a local real estate broker blamed the construction delays in part on management going after tenants that ultimately took space at Downtown Summerlin.
As of Oct. 20, Downtown Summerlin’s retail portion was 85 percent leased, according to a securities filing by developer Howard Hughes Corp.