Las Vegas’ long-delayed north Strip resort has seen owners come, go and, in one case, return.
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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.”
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.
The towering north Strip hotel-casino will feature a pillarless ballroom spanning more than 105,000 square feet, one of the largest in Las Vegas.
After years of seeing big plans come and go, the north edge of Las Vegas’ famed casino corridor is showing more momentum than it has in years.
Gilda Perez-Alvarado, global CEO of brokerage Jones Lang LaSalle’s hotels and hospitality group, spoke about hotel sales and construction and the tourism industry’s recovery at recent conference.
The ultra-low-cost carrier flew almost 3.9 million passengers in the third quarter, up from just over 2 million during the same period last year.
The Las Vegas Convention and Visitors Authority board will consider selling land at Las Vegas and Elvis Presley boulevards to finance convention hall renovations.
Boasting a new brand that drops the mention of malls, ICSC is scheduled to hold its retail real estate conference and expo in December.