Las Vegas real estate investor Steve Siegel is perhaps best known for his portfolio of low-priced apartment complexes bearing his name, but now he is the Strip’s newest landowner.
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Hard Rock’s purple-hued tower would feature six light beams shooting into the sky as if they were strings on a guitar neck.
After the pandemic turned Las Vegas Boulevard into a ghost town for a while, the fallout from the outbreak has, for the most part, not been kind to the roadway’s real estate market.
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
A bankruptcy court auction is scheduled to be held May 19 for a 38.5-acre spread along Las Vegas Boulevard across from Mandalay Bay. Bids were due Thursday.
The MSG Sphere will be 360 feet tall and 500 feet wide at its widest point. As its name implies, it’s spherical. It will be built on a lot currently used for outdoor storage just east of the Sands Expo Center.
While the Southern Nevada casino industry enjoys a burst of prosperity and development, it also may be facing a tide of negative sentiment from loyal casino customers regarding high resort fees and paid parking policies at Strip casinos.
Resorts World Las Vegas, the supersized, Chinese-themed casino project on the Strip, got a new boss this week, another expected opening date, and another promise of soon-to-come heavy work.