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.
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Brett Torino and Paul Kanavos have already teamed up to build retail projects in the heart of the casino corridor.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
Over the past year or so, Las Vegas has seen a rising tally of sales and construction plans involving vacant land, retail properties and hotels on or near its famed casino corridor.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.
Hard Rock’s purple-hued tower would feature six light beams shooting into the sky as if they were strings on a guitar neck.
Visitor volume remains below pre-pandemic levels, but investors are betting big that Las Vegas is back on track.
Real estate pros have long figured the Durango site would be the first among Station’s desert parcels to get developed.
Vici Properties and The Blackstone Group are emerging as two of the biggest players on Las Vegas Boulevard.
After three Las Vegas casino-resorts debuted during the pandemic, no others are officially scheduled to open anytime soon.