Malls · Nevada
Prizm Outlets
Prizm Outlets opened 1998, peaked at 100 stores, faced loans and foreclosure, rebranded 2020, now only Sanithrift operates July 2025. · summary, model-written
Reach the owner Download dossier (PDF) · early access Download record (JSON) API Share LinkedIn Correct this recordhttps://retrofitatlas.org/malls/nv/primm-prizm-outlets/
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile18 elements · what this retrofit is built with · tap a chip for the evidence
Finance and pipeline
Auction
This site: …scope: property research-deals · all sites with thisForeclosure or REO
This site: …scope: property research-deals · all sites with thisOn Facebook
This site: …https://www.facebook.com/119936561355197 overture · all sites with thisRecorded loan
This site: 141000000.0 research-deals · all sites with thisWebsite alive
This site: …http://Www.prizmoutlets.com/ overture / http check · all sites with thisPlace
30,000+ vehicles a day on an adjacent road
This site: 47,000 on IR15N fhwa-hpms · all sites with thisCar-dependent block group (EPA < 6)
This site: …index 3.3 epa-walkability · all sites with thisCounty permitting 2,000+ apartment units a year
This site: 2,301 units, Clark County census-bps · all sites with thisGrocery within 800 m
This site: 2 stores openstreetmap · all sites with thisHigh heat wave risk
This site: Relatively High fema-nri · all sites with thisHigh inland flooding risk
This site: Relatively High fema-nri · all sites with thisHigh natural hazard risk (FEMA NRI)
This site: Relatively High; inland flooding, heat wave, wildfire fema-nri · all sites with thisHigh social vulnerability tract (SVI ≥ 0.75)
This site: 0.95 cdc-svi · all sites with thisHigh wildfire risk
This site: Relatively High fema-nri · all sites with thisInterstate or freeway within 600 m
This site: IR15N fhwa-hpms · all sites with thisLower-income tract (< $50k)
This site: $48,125 census-acs · all sites with thisRenter-majority tract
This site: 50% census-acs · all sites with thisNew use
Retail (continued)
This site: A single tenant, a Sanithrift outlet, remains in operation as of July 2025, with the rest of the extraction · all sites with thisNow
| Status | Partly retrofittedextracted, unreviewed documentedA single tenant, a Sanithrift outlet, remains in operation as of July 2025, with the rest of the mall interior no longer open to the public. |
|---|---|
| What is there now | A single tenant, a Sanithrift outlet, remains in operation as of July 2025, with the rest of the mall interior no longer open to the public.extracted, unreviewed documentedA single tenant, a Sanithrift outlet, remains in operation as of July 2025, with the rest of the mall interior no longer open to the public. |
| Retrofit year | 2020extracted, unreviewed reported |
| Redeveloper | Rialto Capital Managementextracted, unreviewed reported |
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2021 | Auction | $1.5M closed | Kohan Retail Investment Group ← Rialto Capital Management | Wikipedia |
| 2016 | Foreclosure | — | Brookfield Asset Management | Wikipedia |
| 2012 | Loan | — | · loan $73.0M | Wikipedia |
| 2007 | Loan | — | · loan $141.0M | Wikipedia |
Site context
| FEMA flood zone | X · AREA OF MINIMAL FLOOD HAZARDFEMA NFHL |
|---|---|
| EPA-regulated facilities within 500 m | 1: WHISKEY PETE'S STATELINE STOP TRAVEL CENTEREPA FRS |
| Census tract 32003005703 | 1,133 people, 1 per sq mi; median household income $48,125; median gross rent $832; 50% renters; 47.3% vacant units; 0.0% commute by transitACS 2023 5-year |
| Walkability (EPA, block group) | index 3.3 of 20; 0 intersections per sq mi; no transit stop within the EPA search radius; land-use mix 0.57; 1,803 jobs within 45 min by car; 37% of households without a carEPA Smart Location |
| Within a 10–15 minute walk (800 m) | 3 of 6 daily needs: 2 grocers, 0 schools, 1 parks or playgrounds, 0 health, 0 civic, 8 food and drink; 0 cycleway segments, 2 sidewalk-tagged segmentsOpenStreetMap |
| Opportunity Zone | noHUD |
| Housing permits, Clark County (NV), 2024 | 2,301 units in 5+ unit buildings, 176 in 2–4, 12,277 single-family; 2023: 2,736 in 5+Census BPS |
| Social vulnerability (CDC SVI 2022, tract) | overall percentile 0.95; socioeconomic 0.80; housing and transport 1.00; 34% below 150% of poverty; 22% of households with no vehicleCDC/ATSDR |
| Other atlas sites nearby | 0 within 10 km, 3 within 25 kmcomputed |
| Overture Maps | place Prizm Outlets (shopping_mall, confidence 1.00, from Overture, meta); building footprint 49,105 m²Overture (CDLA-Permissive 2.0) |
| Website and social | Www.prizmoutlets.com (alive) · social: facebookOverture / Internet Archive |
| Attention: Wikipedia page views | 43,542 since 2015; 10,497 in the last 12 months (-6% vs the prior 12); peak 2026-05 with 2,575Wikimedia |
| Tract change 2013–2023 | population -24% (1,481 → 1,133); median income +60% ($30,128 → $48,125); renters 62% → 50%; median home value +16% ($111,500 → $128,800)Census ACS 5-year |
| Natural hazard risk (FEMA National Risk Index, tract) | relatively high overall (score 94.0); expected annual loss $2.7M; high: inland flooding, heat wave, wildfire; community resilience very lowFEMA NRI |
| Tax-credit housing within 1 km | noneHUD LIHTC |
| Retail trade in the county, 2025 (BLS QCEW) | 110,117 jobs in 6,085 establishments; average annual pay $43,904; employment location quotient 0.98; employment +1.4% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 795 jobs; 66 in retail trade, 362 in accommodation and food (workplace blocks summed to tract 32003005703)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 33th income percentile as adults; -6.9% incarcerated at the 2010 count (80 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | low-income, low-access tract (1 mile urban / 10 miles rural); 100% of residents more than 1 mile from a supermarket; poverty rate 7.1%; median family income $36,250; 5 SNAP householdsUSDA ERS |
| Schools | Clark County School District (PK-12); 0 public schools within 1 mileNCES EDGE |
| Elevation | 2,618 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 327 county-logged events: 128 flash flood, 123 thunderstorm wind, 29 hail, 13 lightning; $84,351,000 property damage reported; 9 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 89019, 2026-09 | median list price $476,250 (+3.5% on the year); 4 active listings; median 34 days on market; 0% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 6,500 establishments (+14%); 121,153 jobs (+25%)Census CBP |
| Housing market in the county | typical home value $422,748 (-3% 1 yr, +15% 5 yr); typical rent $1,732/mo (+0% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 47,000 vehicles a day on IR15N (Interstate, 5 lanes); 9,550 trucks; 12 counted segmentsFHWA HPMS |
Summary, model-written
Prizm Outlets opened in 1998 as the Fashion Outlets of Las Vegas, reaching a peak of about 100 stores. After taking on large loans in 2007 and 2012, the property went through foreclosure in 2016, changed ownership, was rebranded to Prizm Outlets in 2020, and as of July 2025 only a single Sanithrift outlet remains open while the rest of the interior is closed.
Why. The record shows financial strain from a $141 million loan in 2007 and a $73 million mortgage in 2012, leading to foreclosure in 2016 and subsequent ownership turnover. No explicit anchor loss, competition, or demolition causes are stated in the record.
Where it stands. The property is currently owned by Rialto Capital Management (owner since 2018) and operates in a partial status, with only the Sanithrift outlet open as of July 2025.
For a planner
- The site underwent a retrofit and rebranding in 2020, showing a precedent for adaptive reuse of outlet malls.
- Located on land leased from the Primm family and connected to the Primm Valley Resort, indicating existing land‑use and access arrangements.
- Opp_reasons note county population growth of 7.1% (2018‑23) and median rent of $1,518, suggesting modest local market demand.
For a developer
- The mall comprises approximately 371,000 sq ft of retail space on a site off Interstate 15 at the California state line, about 40 mi southwest of Las Vegas.
- Control rests with Rialto Capital Management, which has owned the property since 2018 and completed a retrofit in 2020; the current status is partial.
- Constraints include the land lease arrangement with the Primm family and the property’s connection to the Primm Valley Resort; market signals from the record show county growth of 7.1% (2018‑23) and median rent of $1,518.
What we do not know yet
- Specific reasons for the 2016 foreclosure beyond the loan amounts are not detailed in the record.
- Current vacancy rates, lease terms for the remaining Sanithrift tenant, and any plans for the vacant space are unknown.
- Environmental, flood, or zoning constraints are not described in the provided context layers.
- The record is marked as “draft” verified status, indicating that some facts may be model‑extracted and unreviewed.
- Future entitlement or redevelopment approvals are not mentioned.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Elsewhere on the web
Pages with photos
- Prizm Outlets Primm Nevada Almost a Ghost Town (Closed) daytrippen.com
- Walking Prizm Outlets - Fashion Outlets of Las Vegas | Primm, Nevada ... youtube.com
- Primm | Prizm Outlets | Jeremy Thompson | Flickr flickr.com
- Prizm Outlets of Las Vegas lasvegas-entertainment-guide.com
- Judge Allows Carl Icahn’s Suit Over Failed Prizm Outlets Mall t… bloomberg.com
- Prizm Outlets in Primm atlasobscura.com
- Prizm Outlets of Las Vegas | Shopping and Art Just Outside Las Vegas thingstodoinlasvegas.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- county grew 7.1% 2018–23
- median rent $1,518
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Opened | 1998extracted, unreviewed |
|---|---|
| Stores at peak | 100extracted, unreviewed reported |
| Original developer | Gordon Group and TrizecHahnextracted, unreviewed documentedIt began as a joint project between two shopping center developers, the Gordon Group and TrizecHahn. |
| Architect | MCG Architecture |
| County | Clark County |
| Census division | 8 · Mountain |
| Notes | Wikipedia categories: Defunct shopping malls in the United States |
Not yet recorded: acres, GLA. Know it? Tell us.
Background
Prizm Outlets, formerly the Fashion Outlets of Las Vegas, was a 371,000-square-foot (34,500 m2) outlet shopping center in Primm, Nevada, located just off Interstate 15 at the California state line, approximately 40 miles (64 km) southwest of Las Vegas. It is owned by Rialto Capital Management, on land leased from the Primm family. It is connected to the Primm Valley Resort.
Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.
Timeline
- 1995 Plans for the mall announced
- 1997 Construction began
- 1998 Mall opened as Fashion Outlets of Las Vegas
- 2007 Talisman obtained $141 million loan for expansion
- 2012 Mall took out $73 million mortgage
- 2016 Brookfield foreclosed and took ownership
- 2018 Rialto Capital Management repossessed the property
- 2020 Rebranded to Prizm Outlets
- 2021 Kohan Retail Investment Group purchased at auction for $1.525 million
- 2025 Single tenant remains operational
Sources
- Wikipedia: Prizm Outlets · supports: after notes, original developer, status, year opened
14 quoted sentences
The Fashion Outlets of Las Vegas opened on July 16, 1998
It began as a joint project between two shopping center developers, the Gordon Group and TrizecHahn.
A single tenant, a Sanithrift outlet, remains in operation as of July 2025, with the rest of the mall interior no longer open to the public.
A single tenant, a Sanithrift outlet, remains in operation as of July 2025, with the rest of the mall interior no longer open to the public.
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