May 24, 2010

Tivoli Village at Queensridge Moves Forward with Leasing Deals and Opening Plans

Las Vegas, NV – Tivoli Village at Queensridge, a mixed-use urban lifestyle development on the bustling corner of Rampart and Alta, is now leasing more than 370,000 square feet of retail, restaurant, entertainment and office space that will open March 2011. Tivoli is poised to become the premier gathering destination for the western sector of the Las Vegas market, featuring a vibrant mix of national and local retailers, signature restaurant and entertainment options, and Class A office space.

Inspired and designed as an authentic European village, Tivoli will open with 30 to 40 retailers, approximately eight restaurants, several on-the-go eateries, and state-of-the-art Class A office space. The Village will serve as the community’s “family room,” offering a children’s play area and event stage. Among the distinctive list of tenants who have committed to Tivoli Village are family activities center Kidville, gourmet Mexican restaurant Cantina Laredo, contemporary Italian restaurant Brio Tuscan Grille, Mark DiMartino’s authentic German eatery Ratskeller and specialty retailer CORSA Collections.

“The tenants who have joined us, align perfectly with our goal to create a high quality dining, retail and office destination within our community. Our restaurants and retailers complement what exists today in what we know is an underserved market,” said Executive Vice President of Tivoli Village Patrick Done. “Tivoli Village is within five miles of more than 395,000 affluent residents looking for a place to gather, eat, shop and do business, making it an incredible opportunity for residents and tenants alike.”

CORSA Collections will offer a wide selection of world-renowned luxury labels at its first location off the Strip. The multi-branded boutique will showcase high-end brands from Fendi to quality, lifestyle collections such as Brighton.

“Tivoli Village is an ideal location for the CORSA Collections concept. Not only is the seasoned demographic right for us, but the location is situated in an area with very little comparable retail space. There are no malls for miles and there is a concentrated consumer base looking for this type of lifestyle shopping. In addition, Tivoli’s solid list of committed restaurants should provide us with a steady flow of OUR customers,” said owner Chris Unick.

Also scheduled to debut at Tivoli Village is Cantina Laredo, a gourmet Mexican restaurant. New to the Las Vegas market, the restaurant boasts fresh, adventurous cuisine. James Snell, vice president of real estate development for Cantina Laredo states that “Las Vegas is a first for us, but the opportunity to expand our brand into this new market-dominate destination was one we could not pass up.”

Serving as Tivoli’s family’s play center, Kidville is a full-service learning and play center for children of all ages. Featuring arts and crafts classes, party spaces, an indoor playground, child-sized fashion boutique and more, Kidville contributes to defining Tivoli Village not only as a shopping and dining district, but as a true gathering place for its customers.

“Like Tivoli, Kidville’s power comes from its ability to create a community among the moms, dads and children it caters to,” said creator Andy Stenzler. “Our decision to lease space inside Tivoli Village is one we made long ago, as soon as the project was announced, and one we are sure will be successful.”

Additional tenants who have committed to leasing space inside Tivoli Village include Pesci’s, a full-service pizzeria concept from actor Joe Pesci, on-the-go Japanese restaurant Sushibar, and Ritual Salon & Spa.

Tivoli Village’s old-world design takes its inspiration from authentic European style and architecture. The urban lifestyle center will feature pedestrian-friendly streets with cobblestone walkways, scenic landscaping design, and convenient amenities such as an integrated below-ground parking structure with direct access to the surrounding shops. Limited above-ground parking and plentiful valet areas will also be available, adding to the center’s metropolitan vibe without disturbing the pedestrian experience.

Tivoli Village is being developed through a partnership with IDB Development Corporation, Ltd. – Israel’s largest diversified business group with total assets of more than $30 billion – and EHB Companies.

About Tivoli Village at Queensridge
Tivoli Village at Queensridge is a dynamic mixed-use development that will offer a unique mix of retailers, renowned restaurants and deluxe Class A office space set into an architecturally rich European environment. Tivoli Village at Queensridge is located in the Queensridge master-planned community at the intersection of Alta and Rampart in Las Vegas. Visit http://www.tvqr.com for additional information.

About IDB Group
IDB Group, a major partner in the Tivoli Village development, is Israel’s largest diversified business group with assets totaling over US $30 billion. With subsidiaries presence in over 100 countries worldwide and a total workforce of 40,000 employees, the group combines global strength with local flexibility. IDB Group leads the way in various significant industries, with continuing expansion in new overseas growth by recognizing opportunities and constantly anticipating and surpassing the needs of communities wherever it does business. IDB’s prudent ongoing capital market activity is demonstrated by 25 portfolio companies, which are traded on the Tel Aviv Stock Exchange (TASE) and the American and European stock exchanges (NASDAQ, NYSE, AMEX and AIM London). The real estate arm of IDB, Property and Building Corp. (PBC) is one of the leading real estate groups in Israel and operates in various fields of real estate in Israel, USA, India, Germany Switzerland and England. For more information, visitwww.idb.co.il.

About EHB Companies
The EHB Companies, the development partner in Tivoli Village, are widely known for creating the most extraordinary custom homes, multifamily residential developments, commercial offices and retail shops in the Las Vegas Valley. The company’s One Queensridge Place development is considered one of the most prestigious residential addresses in Las Vegas. EHB combines modern luxuries with Old World sophistication to produce developments of classic elegance, graceful beauty and refined comfort. The Tivoli Village and One Queensridge Place developments express the EHB’s distinguished style and renowned, high quality craftsmanship. For more information, visithttp://www.ehbinc.com.

About One Queensridge Place
One Queensridge Place’s phase one’s 219 homes in two 18-story towers, are very distinctive, limited edition “custom homes in the sky.” For more information, visithttp://www.onequeensridgeplace.com.