Las Vegas’ famed casino corridor is a highly lucrative and competitive tourism market, where massive resorts offer extensive and ever-changing menus of amenities.
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One side of the street has massive resorts, but the other side has low-slung motel buildings, a boarded-up tavern and a never-finished Ferris wheel project.
The property owners are seeking $7 million an acre, or $182 million total, for the spread near Mandalay Bay.
Amid a warehouse boom that has depleted the tally of potential project sites in the valley and pushed up land prices, Apex is seeing more construction plans.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.