Sansone Companies moves on from Boulevard Mall after successful transformation

Sansone Companies lets future investors take Boulevard Mall to the next level

Las Vegas, NV (July 25, 2019) – After five years of transforming the Boulevard Mall and changing the landscape of the services provided, Sansone Companies, a residential and commercial property development and management company, feels that it is now time to “move on” and let future investors take the mall to the next level.

In 2013, Roland Sansone, president and founder of Sansone Companies, took a huge risk and purchased the failing Boulevard Mall for $54.5 million. Sansone’s vision for the property was inspired by the community surrounding the Boulevard Mall. He didn’t want to see a piece of Las Vegas history torn down. Instead, Sansone decided to turn around the property with one primary goal, to provide jobs for the Las Vegas valley.

“This project wasn’t about profit; it was about changing lives. Transforming the Boulevard Mall has provided nearly 4.000 jobs over the course of five years. There’s nothing more gratifying than knowing that Sansone Companies took part in changing people’s lives in our community,” said Sansone.

Sansone Companies’ vision to redevelop the mall into entertainment, dining, retail and office space positively impacted the retail landscape along the Maryland Parkway corridor from University of Nevada, Las Vegas to Sunrise Hospital. The Boulevard Mall now houses one of the largest and most profitable Goodwill stores in the valley, Anthem Blue Cross Blue Shield Health Insurance now resides in the former Macy’s building and there are many options for retail, dining and family fun experiences such as John’s Incredible Pizza, Sea Quest Aquarium and Galaxy Theaters.

“I came in with a vision to transform and stabilize the Boulevard Mall, and we successfully did just that. My sons Devon, Miles, Neil and myself were able to take the foundation of this shuttered property and turn it into a place where families can come and enjoy,” said Sansone.

Sansone Companies’ innovative and forward-thinking ambition to revitalize the Boulevard Mall will leave a long-lasting positive impact for the Las Vegas community and future investors.

Developer Roland Sansone buys Boulevard mall from lenders for $54.5 million

The Boulevard mall, a once-thriving Las Vegas shopping hub that slid in popularity and financial health over the years, was sold to local developer Roland Sansone on Nov 21, 2013. Sansone has been developing it since. What was once an ordinary collection of stores is now a much improved, spectacular shopping and entertainment center.

Read this article in VegasINC on the development of The Boulevard:
https://vegasinc.com/business/2013/dec/02/developer-buys-boulevard-mall-lenders-545-million/

Roland Sansone repurposes a 1.2 million square-foot regional mall in Las Vegas

Developer, Roland Sansone, is bringing entertainment, dining and shopping to a mixed-use property, The Boulevard Mall Las Vegas. State of the art Luxury theaters, sea aquarium, bumper cars, bowling, carousel, golf, Olympic size climbing walls, children’s adventure park, and a Grand Prix race track. Roland Sansone was interviewed by Bob Massi on Fox News: “Sometimes when everyone is running one way, you’ll find one person running in the opposite direction. That’s the case with Roland Sansone.”

Watch the Fox News video below to see how Roland Sansone is redeveloping the Boulevard to change lives in the inner city community.

Roland Sansone and 4 Reasons to Run a Family Business

If you have a family, you know the challenges and the rewards. Likewise with owning your own business. We asked Roland Sansone – So what’s it like to put both of them together?

Roland Sansone Discusses Working with Family

rolandatworkJust ask Roland Sansone in Las Vegas, Nevada. As the founder of Sansone Development, he also works with his sons Miles and Devon, who both hold leadership positions within the company.

“When I look back on everything we’ve accomplished as a company, I can say things were only made better by working with my sons Miles and Devon,” he said. “They brought unique talents to the organization, talents that have benefited everyone as a whole.”

Today, Roland Sansone can say he has a real success story on his hands – the company has a commercial real estate portfolio of nearly a million square feet – and he chalks a lot of it up to working with family. Here are the benefits he points out.

1.  You share the same values.

boulevardinteriorMany otherwise successful business partnerships fail because the principals don’t see eye to eye. And while a little bit of difference can be healthy – even beneficial – if there’s too much of a philosophical gulf to traverse, it may spell doom for the organization.

When you work with family, however, you can avoid this pitfall.

“I raised my sons according to the values I have, and as they matured, they grew to share those values,” Roland Sansone said. “That helps us work together better as a company.”

2.  There are fewer surprises – and the ones that do happen are good.

rolandseaquestThere’s a side benefit to sharing values: you’re seldom surprised by the people you’re working with. Family members have the benefit of knowing each other well, so they know how they’ll respond to specific challenges and obstacles.

“It’s kind of like knowing the engine of your car,” Roland Sansone said. “It’s always good to know how all the parts work together.”

Likewise with your family members. And if you take the approach that Roland Sansone did, you can align your family members with roles in the business that complement their natural skill sets. This makes for a more rewarding career for the family member, and a greater benefit to the organization. It also frees them up to let their natural abilities shine through, meaning they’ll most likely find ways to impress you that you never thought possible.

3.  You spend more time together.

rolandmassiFamily time. There’s nothing like it, and it’s an essential component to strengthening the bonds that tie us together. And when you run a family business, you can strengthen those bonds through a shared purpose.

“I love showing up at the office and seeing my sons,” Roland Sansone said. “And while we’re focused on business and achieving objectives, you have to be grateful for every moment you spend with your family.”

Of course, nothing replaces those activities that are focused on family exclusively – shared meals, vacations, holidays – but seeing the people you love on a daily basis is a blessing that few of us get to share. A family business enables one to enjoy life’s most precious commodity: time spent with those you care about.

4.  You build more than a business.

streetviewMuch of what makes a successful business is tangible: profits, relationships made, projects built. But there’s also a notion of a legacy that goes into creating a truly successful enterprise.

“Ever since I started this business, I’ve been focused on making the community better. It’s a higher standard than just turning a profit,” said Roland Sansone. “With my sons as part of this business, I know they’ll carry that vision forward. To me, that’s the most important legacy of all.”

Roland Sansone and Sansone Development have always worked hard to be good community partners. The company sacrificed for its tenants during the Great Recession, even to the detriment of the organization, all in the interest of helping Las Vegas businesses see their way through troubled times. And most recently, with the acquisition and redevelopment of The Boulevard, the company has reinvigorated the heart of one of our city’s most important community corridors.

Together, Roland Sansone and his sons have created a company that does more for the city it calls home. By working together as a family, they’ve accomplished more for the community. And when it comes to family businesses, that’s the greatest benefit of all.

 

rolandsboys

Roland Sansone on The Future of Las Vegas

Future of Las VegasVegas is still a growing and maturing city that is ready to compete with the large hubs of California, Denver, Arizona and Texas. The Sansone Companies and Roland Sansone feel that to properly compete with those markets, mass transit has to improve, not just within the city, but to and from California as well. One success stories, Portland, where they now have an excellent vehicle ride share and light rail within the city.

What are some other things we should do in Las Vegas to compete?

The entry into Las Vegas (from the Airport) needs to demolish the remaining homes and buildings that are dilapidated and welcome a more inviting image of coming into Las Vegas.

Finally, we need an almost re-imagination of Las Vegas, a place that adults play, but also work as well. A place where highly intellectual individuals can bring their families in an affordable environment (tax, housing and lifestyle) that is a short drive or plane ride to any weekend getaway that they want.

There are already a lot of positives that Las Vegas has positioned itself for:

The SouthWest part of Las Vegas has one of the largest data converging areas in the United States. There is also an Expansion of industrial hubs in Las Vegas, most notably, the COH’s desire for a 55-acre master land project.

Roland Sansone on Commercial Property in Today’s Market

Commercial Property Tips

Here is a Commercial Property tip for those of you in commercial development and looking to buy land right now.

Finding commercial property in today’s market is challenging. Land bankers feel their land is worth 2008 prices, $800k – $1M per acre, but a project does not pencil at those rates. In our business, we call that a Land Banker, someone sucking out the first years of profit for a center.

To clarify, when buying a piece of land at the $800k-$1M range you would need a rental rate of $3.25-3.50 to stabilize the center for permanent financing, and your forecast would take 2-3 years to realize those rental rates to tenants.

So, for all of you commercial land buyers that are looking, if you buy the Land, they are taking your profit spread from your lender for the first several years until you reach a rate that permanent financing reaches a stabilized debt service.

Just take caution and be smart when finding land for your next commercial property.

John’s Incredible Pizza – Sansone Companies Las Vegas

Roland Sansone, Las Vegas, Nevada is known for his real estate development work within the community of Henderson and all surrounding areas. He always has new projects in construction and he’s always visioning about the next upcoming renovation.

Recently, Roland and his team at Sansone Companies brought the first John’s Incredible Pizza to the Las Vegas area, and this pizza/entertainment location has been experiencing record-breaking weekends since it’s inception. Here is a video by owner John Parlet talking about the new Vegas location:

If you haven’t yet been to John’s Incredible Pizza and you have kids, you Roland Sansone Meets with the teamreally need to go check this place out. You will absolutely find yourself being turned back into a kid again. Hands down way better than Chuck E Cheese.

Biggest differences start with the food.  At John’s the variety is great and it is actually delicious. It is presented in a buffet style for everyone and the salads and pizza are made fresh daily. There are more than 10 different kinds of pizza and several kinds of pasta with various topping choices. There is also a huge quite diverse salad bar with homemade dressings.

The rides, yes, the rides, are fun for the entire family. One of the biggest hits there is the bumper cars, which kids are likely to ride more than once. Games are throughout the place and you can find yourself there for hours of fun.

Roland Sansone Las Vegas

Sansone had the vision long ago to bring John’s to the mall to further the locations at the mall centered around families and community. The Vegas community is excited to have this new entertainment in town.

Continue Reading about the renovations>

A Recent Success Story – Regal Movie Theater Center on Eastern

Recently, the Regal Movie Theater Center on Eastern and Pebble was only 50% occupied. Sansone Companies took this complex to 95% occupied, rather quickly. Below explains how they achieved this quick success.

How you ask? Roland and team looked carefully at the project and kept the tactics simple but strategic.

  • The lighting was not adequate at night.
  • The paint was outdated and fading.
  • The fabric awnings needed a refresh.
  • The parking lot needed to be repaired, but those were just the surface of the challenges to tackle for the center.

    Regal Movie Theater Center on Eastern gets an upgrade:

IMG_3675With Sansone’s creative thinking, they removed parking stalls in front of the restaurants and put pavers in to allow for more patio and open seating. Then the team began actively lobbying for good qualified tenants for the center and helped control the mix of tenants to create each vacant space more desirable then the last.

Even at 95% occupied the property is still being fine-tuned to create not only a comfortable shopping experience for customers, but a desirable location for tenant’s to open their business.

Exciting – Sea Quest Aquarium at the New Boulevard Mall

We are so excited to provide this news about the Sea Quest Aquarium coming to The Boulevard Mall. This iconic mall has recently been and continues to be renovated and upgraded. It’s no surprise that tons of people are already looking forward to this new attraction in the Las Vegas area. It’s different than any other attraction in the Vegas area, providing one on one interactions with beautiful sea animals and exotic birds.

Sea Quest AquariumSansone Companies announced the Sea Quest Aquarium will open in the third quarter of 2016. This 31,000 square feet interactive aquarium experience will be Sea Quest’s third location in the United States and the largest of the three properties. The entrance will be found between Macy’s and Goodwill, where guests will be welcomed with large aquariums filled with bright colored fish and seahorses.

Continue to read the Full Article on the front page of the Business section of the Las Vegas Review Journal >

*photo courtesy of Las Vegas Review Journal