Tivoli Village at Queensridge

Tivoli Village at Queensridge aims to capture feel of centuries-old Italian town

A new European-inspired, mixed-use development is taking shape at Rampart Boulevard and Alta Drive. The $850 million Tivoli Village at Queensridge consists of 500,000 square feet of restaurant, retail and entertainment space, along with offices and residences. Las Vegas-based Executive Home Builders is developing the project with IDB Development Corp., Israel's leading holding company, and its affiliate, Property & Building Corp. Ltd.

The 29-acre project calls for 18 buildings up to four stories tall with outdoor balconies and ground-level shops that line narrow cobblestone, pedestrian-friendly streets. The 700,000-square-foot development has an Old World feel with glass store fronts, limestone and marble facades, a clock tower, pilasters, domes and statues. It's intended to re-create a weathered, centuries-old hillside town that has evolved organically over time. Baltimore-based Development Design Group is the architect; Hardstone Construction, a subsidiary of Executive Home Builders, is the general contractor.

"It's a very intimate setting that is distinct. The name is based upon a village in Italy," said Patrick Done, an executive vice president of Tivoli Village at Queensridge. "It will be open to vehicular and pedestrian traffic, but we can also shut down a street if we're having an event." The complex rests atop a two-level, 3,400-space underground parking garage that features direct escalators and elevators into Tivoli Village. The buildings have double-level retail and restaurants topped by 200,000 square feet of Class A office space. CB Richard Ellis' Randy Broadhead and Brad Peterson are the leasing agents. The office inventory is 34 percent preleased. There will also be 42 condominium upper-level residences throughout. Sales have yet to begin.

"We've created an environment where vertical is in demand," Done said. "We're creating a work-live-play setting in the truest sense."

The project's retail space is 70 percent preleased, with Village Roadshow Gold Class Cinemas serving as anchor tenant. The eight-screen, 38,000-square-foot Australian-based luxury movie-theater has reclining armchairs, waiters, and a full-service bar. San Francisco-based Blatteis & Schnur is assisting in retail leasing. Tivoli Village will have 10 to 12 restaurants, including a 12,000-square-foot Grand Lux Café, from the creators of The Cheesecake Factory; Zeffirino Ristorante; Mastro's Steakhouse; and Taro by Mikuni, a Japanese restaurant and sushi bar.

"We purposefully chose to make restaurants the anchors of the development, offering locals a fabulous selection without having to go to The Strip," Done said. "(It) will become the kind of place locals have been craving for so long where they can enjoy the best of what a city has to offer, located conveniently in their own neighborhood."

The project will have 100 boutique-style shops ranging from 500 square feet to 38,000 square feet in size. Announced tenants include Belle Gray, a Sherman Oaks, Calif.-based fashion store owned by actors Lisa Rinna and Harry Hamlin; AG Jeans; and DavidBartonGym. The project will also have a 13,000-square-foot Kidville, the New York-based children's educational facility co-founded by tennis stars Andre Agassi and Steffi Graf. Kidville offers more than 100 classes for young kids on everything from pottery to musical instruments.

A future phase entails three 18-story condominium towers combining for 300 residences along the northern edge overlooking the Angel Park golf course. Vertical construction of Tivoli Village is now under way; the project is expected to debut in spring 2009.