Lake Las Vegas developers opened the waterfront grocery store Seasons Market, as a part of a larger plan to increase the business for the community. Vegas Inc staffer Eli Segall takes a look at Lake Las Vegas which has a retail district with low foot traffic and is only 58% occupied.
In addition to the grocery story, other bids to increase foot traffic include the opening of art and photography galleries. While Lake Las Vegas boasts golf courses, mansions, and luxury hotels, the area was hit hard by the recession:
The project started taking shape nearly 30 years ago, but was one of the biggest real estate flops in one of the hardest-hit markets in the country during the recession last decade. The community was slammed by foreclosures, plunging home sales and a big drop in tourism.