Developers are in negotiation with the city for the development of a huge jewelry commercial development including a 60 story high rise in Union Park. The development would include 800,000 square feet of commercial space. Part of the project would include three levels of public retail space.
It seems to me that this is a no brainer for the city council. They want to keep drawing high rollers to the downtown area and having several jewelry outlets and retail shops certainly can't hurt.
The proposed site is near W Charleston and Grand Central Parkway (near the world market and outlet mall). Seems that construction here in Las Vegas isn't going to be slowing down any time soon.
Downtown Las Vegas
Commercial real estate in Lake Las Vegas