RKF wins big with 300,000 s/f Las Vegas exclusive.

To a prospective retailer, factors such as location, traffic counts and brand exposure play into any potential leasing decision. In real estate terms, when those factors amount to a location next to Bellagio, traffic counts reaching 45 million visitors a year and over 1,500 linear feet of frontage, you have The Cosmopolitan Resort & Casino, a $2 billion mixed-use, luxury condo-hotel-resort-retail destination.

Combine that with the appointment of Robert K. Futterman & Associates, LLC as the exclusive broker and the 300,000 s/f of retail and restaurant space inside The Cosmopolitan is in high demand.

"RKF is a recognized leader in retail real estate brokerage," said Ian Bruce Eichner, chairman and chief executive officer of 3700 Associates, LLC, the developer of The Cosmopolitan. "Having brokered a number of high profile tenant deals in Las Vegas, their knowledge of our market is unmatched. They are at the leading edge of spotting trends and identifying leasing opportunities. We've brought them in to put together a retail mix that is a lofty, unique, fashion forward mix that RKF has historically proven it can pull off."

"The Cosmopolitan's location places retailers in the heart of the excitement that makes Las Vegas famous," said Frank Volk, executive vice president at Robert K. Futterman. "It is a significant piece of real estate fronting Las Vegas Boulevard and adjacent to Bellagio. The opportunities to have exposure to 45 million visitors inside a vertically integrated mixed-use property is attractive to any retailer."

The Cosmopolitan's focus on retail stems from Eichner's Manhattan roots, where retail opens onto Park Avenue. Here, he has worked painstakingly with designers to create a glass-walled retail space stretching over 1,500 feet of frontage to capture the attention of tourists and visitors alike.

"The Cosmopolitan represents a new era for Las Vegas retail," said Volk. "Their non-traditional approach of placing stores and restaurants at the threshold of the development creates numerous signage and exposure opportunities. It is a unique piece of real estate that provides for an individual, hand-selected retail mix of fashion forward, bridge-type tenants inside an exclusive, limited-sized space," Volk added.

Thus far, The Cosmopolitan has received tremendous demand for leasing within its "built-to-the-sidewalk" space totaling 300,000 s/f. Featured on three separate levels overlooking Las Vegas Boulevard, the retail space is divided between 140,000 s/f of retail space featuring 45 to 50 retail stores and boutique tenants, and 160,000 s/f featuring twelve restaurants, lounges and a nightclub.