Mariana’s Supermarkets is set to anchor the former Renaissance III plaza in east Las Vegas, taking about 40,000 square feet as the shopping center is rebranded Mariana’s Marketplace. The long-troubled, once-foreclosed site at Flamingo and Pecos Roads is being revitalized as a neighborhood center, with visible work already underway, and the new store is scheduled to open in the second quarter of 2026.
Philip Proetto, a principal with landlord Aspen Real Estate, confirmed the lease, the square footage and the new Mariana’s Marketplace name for the plaza. “Coming Soon” signs are already posted at the site, and the space was last occupied more than a decade ago by Food 4 Less, as reported by Las Vegas Review-Journal. The report also notes the company plans to open in the second quarter of this year.
Aspen, which bought the center out of foreclosure in mid-2024, says it paid $24.7 million for the property and has allocated about $7 million for renovations and tenant improvements, according to a company release on PR Newswire. The firm purchased the underperforming center from a CMBS special servicer and has been marketing the site to new national and local tenants. Aspen has framed the investment as part of a broader push to reposition the center toward neighborhood retail, a notable reset for a property that spent years in foreclosure limbo.
New Anchor, Fresh Name
A listing on LoopNet for 3220-3370 E. Flamingo Road touts “New Anchor. New Name. Welcome Mariana’s Marketplace!” and positions the center alongside co-tenants such as Planet Fitness and Panda Express. Commercial property pages echo that pitch and highlight the site’s proximity to UNLV and heavy daily traffic counts, per CommercialCafe. Those listings make it clear Aspen and its leasing team are actively shopping the rebuilt center to food-and-beverage operators and neighborhood retailers looking to ride the new anchor’s momentum.
About Mariana’s
Mariana’s is a locally owned Hispanic supermarket chain established in 1989 that operates six stores across Las Vegas and Henderson, and it highlights a carniceria, panaderia and juice bar on its company site, according to Mariana's Supermarkets. The chain has expanded in recent years, including a newly opened Henderson location, and its existing footprint suggests the Flamingo Road store could serve both nearby residents and UNLV students. The company has not published store-level plans for the new location.
County permitting and the posted banner suggest interior build-out is already underway. Local reporting says the Clark County Building Department issued a permit valued at about $2.2 million last fall, according to the Las Vegas Review-Journal. Aspen’s renovation budget and leasing push underscore the owner’s commitment to rehabbing the space, as highlighted in a company release on PR Newswire. If Mariana’s meets its timetable, the grocery will replace a long-vacant anchor bay and could help draw more tenants to the rebranded Mariana’s Marketplace.
