By Rikki Cheese. CREATED Sep 17, 2013
Summerlin, NV (KTNV) -- Another Nordstrom is headed to the Valley.
It's not going to be another flagship shop like the Nordstrom at Fashion Show mall, but to folks who live across the 215 Beltway from The Shops at Summerlin, news that they're getting a Nordstrom Rack is all good.
No more hauling out to the Nordstrom Rack at Sunset and Stephanie in Henderson.
Economic analyst John Restrepo of RCG Economics said it's good news for retail and construction industries Valley-wide, because the new Nordstrom is going into The Shops at Summerlin.
That project was stalled when the economy tanked in 2008.
Restrepo said, "I think most business people now, developers and retailers see some stability."
The Shops at Summerlin are set to open by next fall with 125 shops including retail, office and entertainment space.
The 106 acre, 1.6 million square foot project is next to the Red Rock Resort.