Las Vegas’ long-delayed north Strip resort has seen owners come, go and, in one case, return.
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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.
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.”
Developers Brett Torino and Paul Kanavos, who built Harmon Corner and are working on the 63 retail center, would become the owners of property near the Convention Center.
A tribal nation that acquired most of the Route 91 site is buying the former White Sands Motel for more than $10 million.
Fertitta, who has a new Las Vegas resort in the works, acquired a 30-acre oceanfront property.
Practically every industry in America was impacted by the pandemic, but tourism was among the hardest-hit as travel all but evaporated for a while.
The hotel-casino’s shopping district will span 90,000 square feet and feature around 35 “luxury retail concepts.”
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
Nigro Development is scheduled to hold a ribbon-cutting ceremony Tuesday for a 119-room TownePlace Suites.