More than 16 years after the New Frontier was toppled, the Strip property hasn’t seen a new project take shape.
Casinos & Gaming
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America’s casino capital is known for its towering resorts, but it also has seen numerous real estate plans come and go.
Las Vegas’ long-delayed north Strip resort has seen owners come, go and, in one case, return.
Vici Properties generated $2.6 billion in revenue last year and said about 45 percent of the haul stemmed from its properties on Las Vegas Boulevard.
The new 12-story building at the Henderson casino-resort is slated to feature 375 rooms and about 15,000 square feet of additional ballroom space.
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.
A long-shuttered motel site on the Las Vegas Strip is getting a new owner: a North Dakota tribal nation that owns nearly 22 acres along the south edge of the famed resort corridor.
Clark County cleared the way for a guitar-shaped hotel tower to be developed at The Mirage, a project that would spell the end of the resort’s iconic volcano attraction.
The developer said he owes approximately $25 million to $30 million for work on the resort, and that construction “will restart once the terms of the financing are finalized.”
The Clark County Building Department issued a demolition permit last week for the domed, Roman-themed structure.
Penn Entertainment’s application to city officials also includes a convention center and a theater for the west Henderson resort.
Brett Torino and Paul Kanavos have already teamed up to build retail projects in the heart of the casino corridor.
Hard Rock International is looking to build a 600-room high-rise along Las Vegas Boulevard.
The casino operator’s logo is now at the top of a new 10-story suburban office building just south of Las Vegas Ballpark.
Vici Properties, the biggest property owner on the Strip, generated $2.6 billion of revenue last year, up 72 percent from 2021.