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| The World Jewelry Center, originally scheduled for a 2010 opening, is now being planned for 2011. |
Las Vegas—The World Jewelry Center (WJC), the planned, fully integrated, service-oriented business hub for the jewelry industry, is now expected to open in 2011 instead of by year-end 2010, as projected on its Web site.
According to WJC Managing Director Bill Boyajian, the project hasn't been delayed per say; in fact, it has made great progress in its development.
"The WJC is an important part of Union Park [in Las Vegas], a master-planned community, which will be composed of a number of significant projects, such as the Frank Gehry-designed Lou Ruvo Brain Institute and the Smith Center for the Performing Arts," Boyajian told National Jeweler. "A great deal of coordination is required with all such parties involved, including the city of Las Vegas. The city has worked hard to assist us in processing many requests in record time."
Boyajian added that the WJC has received Planning Commission approval and will soon go for Las Vegas City Council approval. Once all entitlements are acquired and construction documents are finalized this year, WJC management will be ready to break ground in the first half of 2009.
With an estimate of 28 to 30 months for construction, Boyajian anticipates a 2011 opening.
The WJC will house manufacturers, dealers, wholesalers and retailers in the diamond, gemstone, pearl, jewelry and watch industries. It will also include offices and residential condominiums as well as a jewelry retail shopping promenade and a gem and jewelry museum.
Source: nationaljewelernetwork
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