Las Vegas City Council Gives Final Approval to World Jewelry Center

The Las Vegas City Council has unanimously approved the World Jewelry Center's (WJC) Site Development Plan and Special Use Permit, thus giving the developer, Probity International Corporation, all the entitlements necessary to proceed with the project. The action occurred at the Council's February 6 meeting.
The project's Site Development Plan had been previously approved by the City of Las Vegas Planning Commission and the Union Park Design Review Committee. In early January, the City had also approved the WJC's Disposition and Development Agreement, Owner Participation Agreement, and the related documents.

"By approving the project's entitlements, Mayor Oscar Goodman and the City Council of Las Vegas have put out the welcome mat for the World Jewelry Center project and all of its participating firms," said Robert Zarnegin, President and CEO of Probity International Corporation. "We now look forward to completing our plans and obtaining our building permits."
WJC Managing Director Bill Boyajian said, "The enthusiasm continues to build throughout the industry, and these final approvals from the Las Vegas City Council have cleared the path for the development of this unique project. This will be an international gem and jewelry marketplace like no other, in a destination city like no other, and now it is full speed ahead."
The World Jewelry Center will be a prominent part of the master-planned community of Union Park, a 61-acre mixed-use urban development project in a strategic location, at the crossroads of two major freeways -- Interstate 15 and U.S. 95 -- which service the greater Las Vegas area. Other key projects in Union Park include the Lou Ruvo Brain Institute, designed by the famed architect Frank Gehry; the $450-million Smith Center for the Performing Arts; and Symphony Park, a beautifully designed outdoor park next to The Smith Center.
Designed by award-winning Altoon & Porter Architects, the WJC will be one of the tallest buildings in Las Vegas. Hundreds of participating firms will be taking space in the state-of-the-art office tower, designed as an international hub for gem-and-jewelry manufacturers, wholesalers, designers, and retailers.
The top ten floors of the tower will be dedicated to ultra-luxury residential condominiums. With fewer than 100 residences, the condominiums will be very exclusive and will provide amenities such as room service, housekeeping, and concierge services. The residential condominiums are designed by the noted firm of Dianna Wong Architecture & Interior Design, Inc.
About Probity International Corporation: Probity International Corporation is a prominent Beverly Hills-based, fully-integrated real estate company that has, for the past 30 years, successfully developed and operated Class-A office, hotel, retail, industrial and residential properties in the U.S. and abroad. Probity's developments and investments include The Peninsula Beverly Hills, a Five-Star, Five-Diamond, world-class hotel; 660 Madison, 250,000-square feet of Class-A office space located on Madison Avenue in Manhattan above Barney's Department Store; The Wilshire, a 27-story landmark in Los Angeles; Rodeo Drive Center in Beverly Hills; and the Brentwood Financial Plaza in Los Angeles, to name just a few. More information on Probity International Corporation can be found at http://www.probityinternational.com/. The World Jewelry Center is owned and operated by Heritage Nevada-VIII, LLC, a single purpose entity. For more information on the WJC, please call 310-888-8864 or visit us at http://www.worldjewelrycenter.com/.