The Stirling Club at Turnberry Place has new owners.
A group of Silicon Valley entrepreneurs announced Monday that they bought the shuttered club on Paradise Road for more than $10 million earlier this fall.
The group, incorporated as JDLB LLC, is managed by Carlos Nevarez, CEO of BizzBlizz, a social commerce company, and chief technology officer at Float Cloud, a Flash storage company.
Jason Abrams, principal of real estate firm Jason Abrams Group, brokered the deal.
JDBL said in a statement that it plans to “maintain and enhance the property in keeping with standards the Stirling Club set.”
“Rather than just reopening the club, they’re taking time to carefully plan its future,” Abrams said. “We’re talking with local and global leaders, envisioning the best ways to make this sterling property as successful as the new owners’ Silicon Valley ventures.”
Abrams also said the owners might rename the club.
“Look forward to some very big things on the horizon,” he said.
The 80,000-square-foot club served as an entertainment venue, workout center, spa and a Charlie Palmer-run restaurant for residents of Turnberry’s 772 units. It closed in May 2012, after 10 years in operation. Its owner, Turnberry Associates, said it could no longer afford to keep the club open, despite $400 in monthly membership fees from each unit, and it was unable to find a buyer to take over operations.
Florida-based Turnberry Associates was also forced into bankruptcy with its halted $3 billion Fontainebleau project on the Strip, and it defaulted on the $750 million Town Square retail and office center on South Las Vegas Boulevard. The company lost Turnberry Tower West at Karen Avenue and Paradise to foreclosure as well.